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...asked an accounting and return of $3,300,000 to Continental. Defendants included Vincent E. Ferretti, George H. Clayton, Phillip A. Frear, S. Leo Solomont, James A. Frear, George J. Mitchell Jr., George H. Clayton Jr., Thomas W. Morris, Ralph H. Robb, Fred A. Ross, Chester A. Dunham, Paine, Webber & Co., brokers; J. Henry Schroder Banking Corp.; four principal ex-stockholders of Reynolds Investing...

Author: /time Magazine | Title: Business: Puzzle Started | 5/30/1938 | See Source »

...Attorney General John James Bennett Jr. said he was curious to learn what connection there was between the Delta deal and the recent sale of Burco ownership to a group of Canadians. Quiet investigations by Mr. Bennett last week involved questioning men from the big brokerage house of Paine. Webber & Co. and big Guaranty Trust Co. Wall Street broke out with a rash of rumors about other investment trusts...

Author: /time Magazine | Title: Business: Jams | 5/2/1938 | See Source »

...however, ICC not only included that road in the Chicago & North Western system but specifically disapproved its linkage with C. & O. This, it appeared last week, was no deterrent to the Van Sweringens. In January 1930, Chesapeake & Ohio paid $5,000,000 to the Boston brokerage house of Paine, Webber & Co., for an "option" on controlling securities in C. & E. I. Paine, Webber & Co., which did not then own the stock, proceeded on the same day to buy it from Guaranty Co., which had just bought it from Guaranty Trust Co., which had in turn made the actual purchase from...

Author: /time Magazine | Title: Business: Dummies & Monkeys | 5/24/1937 | See Source »

After Francis Ward Paine of Paine, Webber admitted that while his firm held title to the stock it acted "practically as a dummy" for the Van Sweringens, Senator Wheeler produced a letter written to O. P. & M. J. Van Sweringen in March 1930, by Joseph R. Swan, then president of Guaranty Co. Mr. Swan's letter, introduced to prove that C. & O. really acquired no option but immediate control of C. & E. I., was an interesting sidelight on the dummy deal. Wrote he: "I very much need some profit for the Guaranty Co. in this quarter, and on that...

Author: /time Magazine | Title: Business: Dummies & Monkeys | 5/24/1937 | See Source »

...President Clarence Francis of General Foods Corp. and Vice President Thomas L. Smith of Standard Brands. Each student has space in the general office, where he is supplied with Ediphones and secretaries. At nearby Wellesley College the Institute's students are called "Babson Babies." Another Babson Institution is Webber College, which introduces rich young ladies to the business world, functions in Boston's Charlesgate Hotel in the autumn, then moves to Babson Park, Fla. where graduations are held in May. Webber College is named for Mr. Babson's granddaughter Camilla Grace Webber...

Author: /time Magazine | Title: Business: Propheteer | 3/15/1937 | See Source »

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