Word: groupe
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Dates: during 1930-1939
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...shares of Standard Oil of New Jersey. The other was the formation of the powerful Bankers' Consortium. Last week the Consortium issued its first official statement, making it through Morgan-partner George Whitney. Worded in ultra-conservative fashion, it was: "In behalf of the so-called banking group, consisting of ourselves, First National Bank, National City Bank, Guaranty Trust Co., Chase National Bank, Bankers Trust Co., Guggenheim Bros., which, on Oct. 24 last, was informally organized to assist in the stabilization of the then disturbed stock market situation, we are able to state that last week the group completed...
...reached an agreement to form a great merger between Kraft-Phenix, Hershey Chocolate Co., and Colgate-Palmolive-Peet (TIME, Nov. 4). Although this cheese-candy-soap combine was even officially named "International Quality Products Corp.," National City Co. apparently withdrew after the market decline, leaving the Reynolds-Hanes group still in control of the largest U. S. package cheese company. Last week, a more logical purchaser was found in National Dairy Products Corp...
Marine Midland. When Marine Midland Corp., bank holding company, was formed last September by Bankers Ernest Stauffen Jr. of New York and George Franklin Rand of Buffalo it was announced that the group would organize a large bank in Manhattan (TIME, Sept. 30). Later it became known that, instead, Marine Midland would purchase some existing bank. Last week the company offered to exchange its shares for the Fidelity Trust Co., $76,000,000 Manhattan institution. Upon completion of the deal, Marine Midland would control 3 banks, have total resources of $600,000,000 and 350,000 accounts. President of Fidelity...
...Industrial Savings, both of Manhattan. Last year their positions were reversed. The Philadelphia Savings Fund Society is again third. To be in the first 100, a bank would have to beat the Mechanics Savings Bank of Hartford, last with $21,000,000 deposits. During 1929 no newcomers joined the group. New York State had 54 of the 100, Massachusetts was next with 19. New York City alone had 21. Total deposits of the 100 were...
...Interlocken, Mich. Conductor Maddy, a professor of music at the University of Michigan, organized the School Orchestra in 1926, chose then 236 children from 30 states' to play at a music supervisors' conference. Out of this experiment developed the idea of a summer camp and the existing group selected from 20,000 secondary school musicians. These picked players bundled themselves last week from Atlantic City, where they played at the National Education Conference, to Philadelphia, Manhattan and Washington. All who heard them found their efforts praiseworthy. But for most Manhattan critics their Tchaikovsky-Liszt-Bloch program was over...