Word: blyth
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Dates: during 1940-1949
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...last day of last year an agent of Manhattan underwriters Blyth & Co. strode into Chicago's First National Bank, nipped a check for $4,555,909 at the wide-eyed receiving teller. Thus did Milwaukee's widowed, 75-year-old Ella M. Kearney and her two daughters get hard cash for their 50% stock interest in Kearney & Trecker Corp., maker of 30-35% of all U.S. milling machines...
Pleased at having plucked this prize away from Lehman Bros, and Blyth & Co., who bid too low, Tri-Continental announced that its syndicate would keep a third of the shares, sell the rest. Rumor was that Newport News's President Homer Lenoir Ferguson, Annapolis man and head of the firm for 25 years, would step up to board chairman, boss the show from there, while his handsome Vice President Roger Williams, former Navy line officer, would take over as president...
...late in 1938 when SEC Chairman Bill Douglas summoned his Columbia University schoolmate (and brother in Beta Theta Pi) Ernest J. Howe, started him on a preliminary survey of U. S. life insurance. Bald Ernest Howe had had some eight years' investment-buying experience in Wall Street (with Blyth & Co., Inc. and Lehman Bros.), knew as well as any other wide-awake economist what tremendous capital reservoirs the insurance companies have become as holders of mortgages on the U. S., its States and municipalities and on U. S. farms and business...
...Earlier the committee had heard hard-boiled Charles E. Mitchell, onetime head of Manhattan's National City Bank, later tried and acquitted of charges of income tax evasion (but forced to settle a Government lien for $1,384,222, taxes and penalties), who is now board chairman of Blyth & Co., Inc. It had also heard Morgan Partner George Whitney, Detroiter Emmett Francis ("Spike") Connely, president of Investment Bankers Association. Young (31), brash SEC Counsel Pete Nehemkis pitched them questions to which they gave defensive answers...