Word: branch
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Dates: during 1930-1939
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...order to form a more perfect Union, establish justice, insure domestic tranquility, provide for the common defence, promote the general welfare and secure the blessings of liberty, George Washington and 54 other aristocrats planned a government for the U. S. consisting of three branches: legislative, executive and judicial. It did not occur to them to create a fourth branch-inquisitorial. In the course of nearly 150 years politicians have learned a lot, and one thing they have learned is that there is nothing more effective politically than a good hot investigation...
...before the House of Morgan became just one more private bank last week, the partners issued their first voluntary statement of condition. Since the Senate Banking & Currency Committee revealed the Morgan secrets last year, the combined assets of No. 23 Wall Street and Drexel & Co.. the Philadelphia branch, have increased $26,000,000 to $344,000,000. Chief assets were $59,000,000 cash, $169,000.000 in Government bonds, $53,000,000 in loans & advances. Deposits were up $33.000,000 to $271,000,000. Net worth, which represents the stake of 20 partners, was $57,000,000, now arbitrarily...
Summa Cum Laude degrees were awarded to the following 16 men: Meyer Howard Abrams, Long Branch, New Jersey; Edward Augustus Ackerman, Spokane, Washington; Daniel Joseph Boorstin, Tulsa, Oklahoma; Donald David Cody, Hartford, Connecticut; Robert Calhoun Creel, Cambridge; Oscar Hirsh Davis, Mount Vernon, New York; Edward Settle Godfrey, 3rd, Albany, New York; Richard Murphey Goodwin, Newcastle, Indiana; Gove Griffith Johnson, Jr., Washington, D. C.; Robert Kaplan, Cambridge; Paul Lachlan MacKendrick, Roslindale; John Arthur Martin, Bangor, Maine; John Barzillai Rackliffe, Newton; John Thomas Sapieuze, Irvington, New Jersey; John William Walsh, Jr., Quincy...
...Rochelle, N. Y.; Richard M. Goodwin of Newcastle, Ind.; George Gore of Rapid City, S. Dak.; John N. M. Howells of Kittery Point, Me.; Gove G. Johnson, Jr., of Washington, D. C.; Robert Kaplan of Roxbury, Mass.; William H. Kerr of Cambridge Mass. Howard M. Lawn of Long Branch, N. J. Carl H. Levy of Cincinnati, Ohio; Tom Lilley of Bluefield, W. V., Alfred B. Lord of Alliston, Mass.; Harold E. Magnuson of Arlington, Mass.; Kilfred Malenbaum of Dorchester, Mass.; John A. Martin of Banger, Me.; Leon Merz, Jr., of Jenkintown, Pa.; Wilfred Owen of Waban, Mass.; Thomas I. Parkinson...
...testified that "straight banking" was a more important part of his business than supposedly fabulous securities deals. Since there is practically no securities business today, Morgan partners simply elected to continue receiving deposits on which they pay, say, 1%, loaning or investing them at, say, 3%. Drexel & Co., Philadelphia branch of the House of Morgan, also abandoned underwriting...