Word: pynchon
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Last week in Washington an Associated Pressman had a talk about Reedsville with Charles E. Pynchon, the big, genial, earnest onetime Chicago steelman who took over the general managership of Subsistence Homesteads when its original director, Milburn Lincoln Wilson, moved to the Department of Agriculture. Afterward the APer filed a dispatch quoting Manager Pynchon to the effect that the Government stood to lose $500,000 on the Reedsville project, with blame laid partly on "experimentation," partly on "errors in judgment." He also revealed that the President's No. 1 Secretary, Louis McHenry Howe, purchaser of the famed CCC toilet...
...Harley Lyman Clarke, who had previously garnered a fortune in utility promotion, G. T. E. swelled from a small concern with a promising film projector into an overripe holding company controlling among other things Fox Film Corp. Its decline & fall pulled down the old stock exchange houses of Pynchon & Co. and West & Co. and cost Chase Bank more millions than Mr. Wiggin cares to remember...
...command. At that time Mr. Wiggin ruled a bigger bank than any American before or since: a bank with $148,000,000 each of capital and surplus, with over $2,000,000,000 in deposits. Days of trouble followed. Some of Mr. Wiggin's banking clients (Pynchon & Co., Fox Film, German debtors, etc.) had their share of it. Result: the gossip in the market place was not pleasant for Chase officials to listen to. Time came when the Rockefellers felt apparently that the Chase should be run in a far different way. Winthrop Williams Aldrich, Rockefeller brother...
...commission house in Paris and London. His friends and former clients ranged from Cineman Winfield Sheehan and Steelman Charles Michael Schwab to Lady Mendl (Elsie de Wolfe). Since 1931 when the House of Pynchon fell (borne down largely by the collapse of General Theatres Equipment securities), Banker Pynchon has lost his mansion at Greenwich. Conn., his yachts, his millions. Shrunken security values have reduced the settlement which Pynchon creditors expect to run about 25? on the dollar, denying him the chance of saving any stake with which to recoup his fortune. Wall Street, feeling that Mr. Pynchon had failed with...
...York brokerage firm of Munds, Winslow & Potter employed until recently a ruddy, sturdy, white-haired man, past 65, who was in his way unique among salaried customers' men. He was George Mallory Pynchon, until two years ago the self-made head of Pynchon & Co which was a member of 16 exchanges, had eleven branches, was the oldest and largest