Word: branch
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Dates: during 1930-1939
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...October 1928, burly Amadeo Peter ("A. P.") Giannini clearly asserted his intention of throwing a network of banks across the U. S. when he named his bank holding company Transamerica Corp. That year the No. 1 U. S. branch banker was well on his way toward his goal, with 2,000,000 loyal depositors, mostly of Italian origin, in a formidable lineup of banks in California, New York and Italy. Already he had begun nosing into Chicago, Kansas City, St. Louis and New Orleans, dabbling in the security trading business through Bancitaly Corp...
...bold face on his troubles by announcing that he had picked Elisha Walker, head of the old, eminent and sage private banking house of Blair & Co. as his successor. Year later Giannini retired, making Mr. Walker chairman of Transamerica and Mr. Walker predicted a great future for branch banking, In 1931 Mr. Walker ruthlessly swept the remaining Gianninis from Transamerica's board of directors, proposed to sell the whole Giannini chain of banks because "there is no apparent likelihood that nation-wide branch banking will be authorized by law in the near-future...
...cotton. It is a poor year in which the firm does not do twice as much business as its nearest private competitor, George H. McFadden & Brother. It has $40,000,000 capital and its credit is good for at least $150,000,000. The list of branches and affiliates stemming from its headquarters in Houston's 16-story Cotton Exchange Building is a complete lesson in world cotton geography. In North America the name Anderson, Clayton & Co. can be found in Montreal, Boston, New Bedford, Providence, Charlotte, Greenville, Gastonia, Atlanta, Memphis, New Orleans, Dallas, Los Angeles, Mexico City...
Oath. After the ceremony of the Olympic Torch came the Olympic Oath. Gnarled old Spiridon Loues, Greek marathon runner who won the Olympic race in 1896, wobbled out of the ranks to present Herr Hitler with an olive branch. The 50 flag-bearers formed a semicircle in front of the reviewing stand. German Weightlifter Rudolf Ismayr mounted a tiny rostrum, recited through amplifiers so everyone could hear: "We swear that we will take part in the Olympic Games in loyal competition, respecting the regulations which govern them and desirous of participating in them in the true spirit of sportsmanship...
Armed with a power of attorney from Utilities Power & Light's directorate, Mr. Odium crossed the Atlantic to find a buyer. This he did last week. The buyer was the London branch of the international banking house of Lazard Freres, acting for a British group. The benefits of Mr. Odium's Atlas Corp. will flow from its Utilities Power & Light bonds, which jumped about five points last week, the 5% issue rising to 75? on the dollar, the 5½% issue to 78?. When & if the Utilities Power & Light directors vote part of the proceeds of the British...