Word: banker
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Dates: during 1960-1969
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Born. To Thomas Edmund Dewey Jr., 31, Manhattan investment banker, son of the Republican standard-bearer in 1944 and 1948, and Ann Lawler Dewey, 26, Columbia University doctoral candidate in classics: their first child, a son, first grandchild for Dewey Sr.; in Manhattan. Name: Thomas Edmund Lawler Dewey...
...quality is clearly visible in The Martyrdom of St. Hippolytus, a long-hidden work by an unknown Flemish master which went on view last week at Boston's Museum of Fine Arts (see opposite page). Preserved for many years in the seldom-used Paris house of a French banker, the yard-high triptych first reappeared in public at a 1962 auction. A Manhattan art syndicate bought it for $346,550, a huge sum for an anonymous work. Presumably, the Boston museum paid even more...
...Friend at Chase Manhattan. Last week the annual meeting of the American Bankers Association in Washington heard the strongest anti-Saxon attack ever made by a big, prestigious banker. Said David Rockefeller, president of Manhattan's state-chartered Chase Manhattan Bank: "I believe the Comptroller would be well advised to show greater restraint in exercising the immense power he now possesses. It would be a dubious honor for him to go down in history as the man who undermined the dual banking system...
...than $18.5 million in debts. Industrialist Hugo Stinnes Jr., 66, a freewheeling and individualistic magnate who in only ten years has built a diversified $100 million empire in machinery, ships, electronics, plastics, oil, and filling stations, has been forced to sell off some of his choicest holdings to Munich Banker Rudolf Münemann. At week's end Stinnes was brought into a crowded Bremen courtroom to answer a $4.5 million suit brought by a German mines association, which is trying to recover special compensations that the association claims were wrongly paid four years...
Other German crashes have messily pulled down a lot of creditors, but the Stinnes contraction has so far proved surprisingly neat-thanks to Banker Münemann. As Münemann sees it, such firms as Stinnes often get into trouble "all because they let themselves be fooled for months by the greatest enemy which exists for a businessman: hope." On Münemann's advice, Stinnes last summer sold his gas-station chain to meet his immediate need for cash. When that was not enough, Münemann himself last month began buying what Germans call die Perlen...