Word: groups
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Dates: during 1930-1930
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...Carlisle's election to its directorate was generally predicted following the death of the late Nicholas Frederic Brady (TIME, April 7).* Significance of Mr. Carlisle's appointment lay in the fact that he is the first member of the Up-State Niagara-Hudson utility group to secure a position in the Down-State Consolidated board; that through him the two utilities have begun to interlock. Ever since the formation of Niagara-Hudson (TIME, June 24, Sept. 23) there have been rumors that the united Niagara and Hudson properties would merge with Consolidated. To these rumors Mr. Carlisle's election gave...
...bankers. Niagara Share was formed last June to act partly as a Niagara-Hudson holding company, partly as an investment trust. It is dominated by the Schoellkopf family, with whom Mr. Carlisle is associated in Niagara-Hudson. Marine Union Investors was formed in January 1929 by the same group ? notably George Franklin Rand, Jacob F. Schoelkopf Jr. and Seymour H. Knox ? who later organized Marine Midland Corp., hundred-million-dollar group-banking unit (TIME, Sept. 30). It also was partly a Marine Midland holding company and partly an investment trust. Inasmuch as the bankers and the utility...
...make his mark in the legal profession. For some years Mr. Carlisle did practice law in Watertown, N. Y., but soon the merger instinct arose within him and he organized Northern New York Trust Co. from a consolidation of two upstate banks. In 1916 he headed the group which bought control of St. Regis Paper Co., became St. Regis president?an office which he still retains?and made the company one of the largest paper producers in the East. In 1920 Mr. Carlisle & syndicate bought Northern New York Utilities, Inc., which in 1926 became a portion of Northeastern Power Corp...
...investment trust, and resigned also his membership in the firm of Goldman, Sachs & Co. Always noncommittal are resignations and always open to question are inferences from them. Yet withdrawals were no part of Mr. Catchings' work during the brave days of 1929, when the "new era" group of Market men maintained that soaring stock prices represented the legitimate reflection of prosperity and progress...
Circulation dwindled to 31,000 in 1925; 22,000 in 1928; less than 20,000 this year. Once a favored advertising medium, member of the self-respecting "Quality Group,"* Century carried in its spring issue only five pages of advertising other than its own publisher...