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When Leonard Asbury Busby, Chicago tractionman, died in 1930, he left an estate of $1,598,000 and debts of nearly $1,000,000. Named as executor was the trust company affiliated with Chicago's big First National Bank, of which Mr. Busby's good friend Melvin Alvah Traylor was president. Last month, after the estate had shriveled to a mass of debts, Mrs. Esther Busby marched into the Probate Court and sued First National for the $500,000 equity which had been hers when her husband died and the bank took charge...

Author: /time Magazine | Title: Business & Finance: Mel & Esther | 11/20/1933 | See Source »

Four days after the Tribune's splurge. 40 trainloads of Texans celebrated Texas Day at the Fair and attended a Texan production of Aida in Soldier Field. Like the Festival, the production of Aida also had an angel. Texas newspapers reported that it was music-loving Banker Melvin Alvah Traylor, who acquired his first banking job and his wife in Texas. But Banker Traylor denied this, did not attend the performance (he was out of town). Real sponsor of the production was wealthy Mrs. John Wesley Graham, head of the Texas Music Teachers Association. Said she: "I expect...

Author: /time Magazine | Title: Music: Chicagoland & Texas | 9/4/1933 | See Source »

...them were appointed junior partners : Burnham Carter, who joined the firm ten years ago and lately returned from a leave of absence in which he was secretary to Ambassador Guggenheim in Havana; Harcourt Parrish, oldtime AP and Louisville Courier-Journal man whom Ivy Lee rented out to Banker Melvin Alvah Traylor for the latter's effort to get the Democratic nomination last year; Joseph Ripley, onetime editor of the tradepaper American Press in which he wrote a flattering interview with Mr. Lee in 1926; James Wideman Lee II, 26, elder son, who has been working for his father since...

Author: /time Magazine | Title: The Press: Lee & Co. | 8/7/1933 | See Source »

...immunity they will be bothered in the future by charges for little things. . . ." Finally he changed his mind again and agreed to a trial by jury. A mob of long unpaid, tatterdemalion Chicago schoolteachers invaded big Chicago banks to demand cooperation between banks and the taxless school board. Melvin Alvah Traylor put them off with an "I agree with you." Charles Gates Dawes cowed them with: "To hell with trouble makers...

Author: /time Magazine | Title: People: Sequels | 5/1/1933 | See Source »

...Melvin Alvah Traylor, president of Chicago's First National Bank, on the stand only six minutes, testified that his bank, too, had defeated the intent of the Illinois law. but he said that the loans were amply secured...

Author: /time Magazine | Title: Business: Insull Inquest | 2/27/1933 | See Source »

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