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Word: consortium (lookup in dictionary) (lookup stats)
Dates: during 1920-1929
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Usage:

...Morgan ?will have a major "phantom stake" in the Bank. The same arrangement appealed to cautious, bespectacled Emperor Hirohito of Japan, who, by advice of Prime Minister Yuko Hamaguchi, prefers like President Hoover to keep-the-government-out-of-business. Japan's "Messrs. X" will be a consortium of 14 banks, led by the Bank of Japan, the Mitsui Bank and the Yokohama Specie Bank...

Author: /time Magazine | Title: Foreign News: Signed & Sealed | 11/25/1929 | See Source »

...summer it had for continued buying. The only thing that stood in the way was reason: long had speculators seemed to ignore reason. For the first three days, Panic held sway. Led by U. S. Steel, stocks dropped to new lows. Again there were tales of a "banking consortium" holding secret midnight meetings, tales of the "great bear pool...

Author: /time Magazine | Title: Business: Heroes, Wags, Sages | 11/25/1929 | See Source »

...place, he received general kudos (though it was then that Senator Glass first began to reflect upon "Mitchellism," its nature and evils). But in October Mr. Mitchell arrived home from Europe just in time to anticipate the greatest Market crash in history with a bullish pronouncement. When the banking consortium was formed to halt the panic, it was the House of Morgan that received most of the plaudits; furthermore the bankers did not precisely drop the panic in its tracks...

Author: /time Magazine | Title: Business: Troubles of Mitchell | 11/18/1929 | See Source »

...with Morgan would have a historic value. To him came the financing of the New York Central Railroad and he is today the firm's chief railroad adviser. To him came most of the overseas muddles into which its vast foreign interests plunged the Morgan house. In China (the Consortium), Mexico (International Committee), France (Anglo-French $500,000,000 loan), Austria (1923 joint loan), he has been at one time or another the most important financial factor. When these and many another nation gather together, as at Versailles in 1919 and at Paris in 1929, Mr. Lamont is summoned...

Author: /time Magazine | Title: Business: Faith, Bankers & Panic | 11/11/1929 | See Source »

Italian Financing Credit Consortium for Public Works, the institution created by order of the Italian Government to finance Italian shipbuilding, tried to borrow $12,000,000 in Manhattan last week, and simultaneously $8,000,000 in London. The Italian Government is now considering the creation of a stock company, under patronage of the Export Institute, to give commercial credits to exporters of Italian goods...

Author: /time Magazine | Title: Business: Business Notes, Apr. 4, 1927 | 4/4/1927 | See Source »

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