Word: schenker
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...Boss Bailie's good friend Henry Morgenthau. When he told him about his idea, Morgenthau decided it fell into SEC's bailiwick, called over Jerome Frank, who took along his stock-market regulator, Ganson Purcell, and his investment trust muckraker and regulator, cigar-rotating, handball-playing David Schenker. When Quinn laid the idea on the table, Frank quickly recognized it as one of his fondest...
Late last week a committee of worried investment trustmen met with Schenker in Washington, were reassured. They were told that the Government is exploring the pool idea because it fears that the investment bankers won't handle many of these deals. But since bankers, fire-insurance companies and anyone else who wants to are free to compete for the properties, there need be no fear of criticism for taking advantage of the British on price. Another incentive to fair pricing: RFC can always decide what is a "fair" sales price for these properties, lend the full amount...
...about investment trusts in four years of study. It was assembled and mentally digested by Republican SECommissioner Robert E. Healy-onetime muckraker for the Federal Trade Commission-with the aid of 45 research workers, lawyers and statisticians. The bill which embodies their conclusions was drafted by SEC Attorney David Schenker, a 40-year-old, smart, cigar-masticating, witness-softening lawyer...
...Tammany Boss Frank V. Kelly of Brooklyn succeeded in getting Franklin Roosevelt to appoint his friend Harold M. Kennedy U. S. Attorney for New York City's Eastern district, instead of David Schenker, candidate of Mayor LaGuardia and Thomas ("Uncorkable") Corcoran. Interpretation: after his talk last fortnight with Mr. Farley, Mr. Roosevelt decided to appease local bosses; in this instance, abandoned the Corcoran plan to encircle Republican County Attorney Tom Dewey with brilliant New Deal prosecutors and prosecutions. Exaggeration (on the radio by Son Elliott Roosevelt): "Brooklyn is the key to the 1940 election...
...controlled by Mr. Milton, sold $900,000 worth of insurance stocks to a company managed by Equity, and the proceeds were used to buy control of Equity. Thus, a $13,000 cash buy into Consolidated Funds plus Equity's own money put Mr. Milton into Equity. Said Lawyer Schenker: ''[It's] a Van Sweringen operation in the investment trust field." After detailing various operations of Equity Corp., Mr. Schenker drew from Mr. Milton testimony about the formation of Merton Shares, a Canadian corporation, asked him why he had gone to Canada to insure success...