Word: partnerized
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...Francisco in 1910, when he saw the French Aeronaut Louis Paulhan thrilling crowds at Tanforan Track. He decided there was money to be made in exhibition flying. For $2,000 he picked up a flimsy biplane built by a Kansas City doctor, took a Swiss aviator as partner. The Swiss looked once, briefly, at the biplane and vanished. Rather than see the machine rot on its wheels, Gates started the engine one day, mounted the rickety seat, started taxiing about the field just for the fun of "grass-cutting.'' To his astonishment the plane rose some...
Thomas William Lament, No. 2 Morgan partner, speaking before the Academy of Political Science in Manhattan last week, caused bankers throughout the land to prick up their ears when he recommended Federal Reserve membership for every last commercial bank in the country. Declared Banker Lament...
...became definitely established that on Jan. 1 Elisha Walker, bankless banker, will become a partner of Kuhn, Loeb & Co. Mr. Walker served for many years as president of Blair & Co., and when in 1929 that company was acquired by Transamerica Corp, he was chosen to succeed Amadeo Peter Giannini. His policies angered Mr. Giannini, brought him back from retirement, led to one of Wall Street's greatest proxy fights which Giannini won with 63% of the shares. It was also established last week that Jerome J. Hanauer, a Kuhn, Loeber since 1890, partner since 1912, will resign at the year...
...ousted board included Banker Charles Hayden, J. & W. Seligman. Partner Frederick Strauss, President Thomas Ignatius Parkinson of Equitable Life. Because Nathan Amster got in on the ground floor of the Chicago, Rock Island & Pacific Ry. reorganization in 1917. is now a member of its executive committee, Wall Street was not surprised that the new board included two Rock Island men. Edward Norphlet Brown, chairman of the executive committee (he is also board chairman of stricken St. Louis-San Francisco) and Peter Gansevoort Ten Eyck. At its first meeting the new board chose Insurgent Amster as president...
...John Davison Rockefeller III left for a month's honeymoon in Bermuda.* secretly boarded the S. S. American Legion, on which was a party of newshawks on vacation. Reception guests: Henry Ford. Supreme Court Justice Harlan Fiske Stone, Harold Fowler McCormick. Chase National Bank President Winthrop Williams Aldrich. Morgan Partner Thomas William Lamont...