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Alone among the newspapers the tabloid Daily News (biggest circulation in the U. S.) vented its wrath in a stern editorial, betrayed the liveliest inferiority complex. It baited Messrs. Morgan & Morrow with representing both the U. S. and Wall Street in Mexico, and climaxed: "By such toplofty behavior Mr. Morgan only got himself into a scene where he had not been invited, and called attention in a most awkward and public manner to the close business connections between himself, Miss Morrow's father and the United States government...

Author: /time Magazine | Title: The Press: Infernal Outrage | 12/3/1928 | See Source »

Harrison Williams was the man who entertained the Prince of Wales on and around Long Island and showed him Wall Street. Mr. Williams has a volcano named after him in the Galapagos, whither he helped finance the expedition of William Beebe. Mr. Williams, too, has studied the ocean floor from his fine yacht Warrior, recently sold to George Whelan...

Author: /time Magazine | Title: Sport: Yachting Millions | 12/3/1928 | See Source »

Never had such a total been rolled up in five days. Obviously, it challenged explanations. Most plausible, most demonstrable, was the theory that the public, in general wary of Wall Street, is now possessed of a great desire to trust all its savings and all its credit to common stocks. Few professionals and not many amateurs have lost either savings or credit as a result. Not every one of the 1,131 listed stocks has advanced in the Hoover Market, but few have gone off. Certain stocks have appreciated 75% and even 100% in value. For a fair view...

Author: /time Magazine | Title: Business & Finance: Adjectives Squandered | 12/3/1928 | See Source »

...these stocks in October, his bill would have been $3,143.00. In. November he could have sold them for $4,533.50, realizing an average profit of about $75 a share. Actually, much paper profit was turned into cash on the market's only day of weakness (Wednesday). The Wall Street Journal reported that the Brothers Fisher sold their 300,000-share holdings of Radio. Their investment cannot have netted them less than $30,000,000, may have made...

Author: /time Magazine | Title: Business & Finance: Adjectives Squandered | 12/3/1928 | See Source »

With a Baltimore store, Thomas Fortune Ryan went to work as an errand-boy for $3 a week; with William Collins Whitney he was a broker in Wall Street; with King Leopold II of Belgium he developed the diamond fields of the Congo Free State; and with a fortune estimated between one and five hundred million dollars, last week, he died...

Author: /time Magazine | Title: Business & Finance: Death of Ryan | 12/3/1928 | See Source »

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