Word: american
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Dates: during 1920-1929
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Chief reason for Chase wishing to own American Express was that its business (done through 35 domestic, 65 foreign offices) amounted to international and interstate banking through the sale of money orders, drafts, travelers' checks, letters of credit, telegraphic and cable transfer of funds, collection of foreign bonds, coupons, legacies, the purchase and sale of foreign moneys...
Last week American Express announced it will form American Express Bank & Trust Co. with $10,000,000 capital. Although the new bank will be incorporated in New York, each American Express office will amount to a correspondent, and, should branch banking laws be repealed, could quickly become a branch. In this way Chase may some day have a nation-wide banking system without buying out-of-town banks or forming new ones...
Even more profitable than advertising space bought in newspapers is publicity slipped into news columns. From the Association of American Soap & Glycerine Producers, meeting in Chicago last week, went press despatches telling that three billion pounds of soap are used annually in the U. S., that "two or three times a week is the bath average where tubs are installed...
When Herr-Inventor Robert Bosch incorporated Bosch Magneto Co. of New York it was to be a subsidiary of his Robert Bosch Aktiengesellschaft. But in 1917 the U. S. company was seized as alien property, sold, reorganized as American Bosch Magneto Co. In 1921 Herr Bosch again invaded U. S. markets, forming Robert Bosch Magneto Co., Inc., of Long Island City. Quickly American Bosch Co. brought suit, charged they alone had right to the Bosch name, won a verdict that prevented Inventor Bosch from using his name on products marketed...
...legal action but by an agreement with his U. S. rivals. Closely did this follow rumors that German Bosch had been buying stock in U. S. Bosch. Terms of the plan (which will last 49 years) are that in the U. S., its dependencies, Canada. Mexico and Cuba, American Bosch Magneto Co. can use on all its products the magic name Bosch and the German interests must use the full title, Robert Bosch, while in other parts of the world the German's will use Bosch, and the U. S. company American Bosch...