Word: firmly
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This they did to protest a bill now before Parliament which would grant to a British firm monopoly for 60 years of Athenian taxicab and bus business. Should the bill pass, nearly all the taxicabs and busses now running in Athens would have to be scrapped or shipped elsewhere, for 75% are of U. S. manufacture, with Italian and French makes next, and British firms scarcely represented...
60th Anniversary. The fire damage was trivial (old boxes, rubbish and wastes in a fireproof sub-basement). Yet it caused more excitement in Kuhn, Loeb & Co.'s marbled offices than did the celebration, the same week, ef the firm's 60th anniversary. Bankers of the neighborhood, had sent in some flowers; there were felicitations; and that was all. Kuhn, Loeb & Co. employes are trained to show no emotions. They treated the $3,000,000 of South African gold their company bought last week (the largest purchase of gold from London in several months) as a bookkeeping item. Nor did they...
...Erie, and where Commodore Vanderbilt himself was forcing his way to the control of the New York Central. When the Fisk-Gould machinations around President Grant brought on the "Black Friday" panic of 1869, Abraham Kuhn and Solomon Loeb had money. They loaned it out, and their firm has continued to loan out money. Kuhn, Loeb & Co. on its own account and in combination with other banking houses has loaned $10,000,000,000 during 60 years. Much of the money went to these railroads, among others...
...dealers had no understanding of such commerce. When Japan was fighting Russia in 1905, Jacob Schiff (1847-1920) then senior partner of Kuhn, Loeb & Co. was in London. The Japanese Government wanted $50,000,000. London bankers said they would risk $25,000,000. Jacob Schiff said that his firm would take the other $25,000,000. Subsequently, Kuhn, Loeb & Co. sold $200,000,000 of bonds to finance Japan through the Russo-Japanese...
...they began their Manhattan partnership in 1867. But their vision might have remained national, had not Jacob Henry Schiff come over from Germany and married Mr. Loeb's daughter, Teresa. The partners made a partner of the son-in-law (1875), and at the same time took into the firm another young man of financial perspicacity?Abraham Wolff. It was not long before Jacob Schiff dominated the partnership, and it was due largely to him that Kuhn, Loeb & Co. has made its close connections with European bankers. He, too, it was who fought with Edward Henry Harriman (1848-1909) against...