Word: blyth
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...they were high-pressured into buying Anaconda by no less a supersalesman than Charles Edwin Mitchell. The onetime National City Bank chairman fired his security salesmen with the same enthusiasm for Anaconda as they exhibited in distributing shares in his own institution. Now practicing investment banking as head of Blyth & Co., Mr. Mitchell last week resigned as an Anaconda director...
...Mitchell undoubtedly regrets his copper crusades profoundly but his retirement from Anaconda was not precisely an act of atonement. Simultaneously Anaconda filed a registration statement for a new $55,000,000 bond issue. Listed as one of the underwriters was Mr. Mitchell's Blyth & Co., which will probably head the banking syndicate. Under the Securities Act, Mr. Mitchell must deal at arm's length with Anaconda, may not serve as a director of a company whose securities he plans to purchase for resale...
...organization of one kind or another." Then he added hastily: "It will not be public investments. There is no such thing in my thoughts as service to the investing public." Last week "Sunshine Charlie" Mitchell apparently had a change of heart. He accepted a position as chairman of Blyth & Co. whose sole business is selling securities to the public...
...Blyth & Co. is the only investment house of national importance to originate on the Pacific Coast. Founded in San Francisco in 1914. it has lately helped underwrite such refundings as Pacific Gas & Electric's $45,000,000 in bonds and Southern California Edison's $73,000,000 issue...
...Blyth, Ont., John Cowan got a job as police chief, street inspector, sanitary engineer, weed inspector, Memorial Hall caretaker, trusty clerk, liquor law enforcement officer, clerk of the weigh scales, school bellringer and Town Council handyman. Salary: $600 a year...