Word: branches
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Dates: during 1930-1939
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...major boost to prominence and profits. The fall in the exchange value of Spanish and South American currency told heavily on net earnings. Telephone & telegraph traffic declined. In Europe rose a rangy, six-foot competitor, Theodore Gary and his General Telephone & Electric Corp., backed by Transamerica Corp., largest of branch bankers. At home, Mackay-Postal was bravely bucking the competition of Western Union but could show no profit. Mr. Behn, who had watched I. T. & T.'s profits climb in six years from $1,930,000 to $17,732,000, now saw them tumble to less than half that...
...general outline of the National Recovery Act, however, was fairly well set. Government and business were to be made partners by means of a Federal Control Board consisting of four members of the Cabinet and an executive chairman. Through their trade associations a majority of each branch of industry was to draw up agreements to ration production, fix prices, eliminate cut-throat competition, set working hours, establish a fair wage scale. The Federal Control Board would approve such agreements as were in the public interest. Others would be ordered revised or scrapped. The anti-trust laws would be waived...
...meeting for two years. But Wall Street was puzzled, not wholly convinced. Big backer of Charles E. Mitchell, Mr. Rockefeller was last week scheduled to be a witness at Mr. Mitchell's trial (see p. 46). His departure from National City board severs a bank representation which his branch of the Rockefeller family has had for more than 50 years...
...power company a few months earlier. His son-in-law, Jose Emilio Obregon. sometimes called the "Wood Louse" because of his handling of shiploads of lumber donated to Cuba by the American Red Cross after the 1926 hurricane, was manager of Chase National Bank's Havana branch (1927-31). The Chase Bank first loaned the Machado Government $30,000,000, paid off by an issue of gold , bonds payable in 1945; then another $20,000,000 which is still frozen on its hands. Cubans like to add some additional data: Electric Bond & Share is supposed to have provided...
...that closed in 1931, the Government arranged with the bank's creditors that henceforth Credit-Anstalt's president 1) must reside permanently in Vienna; 2 ) devote himself exclusively to the bank's business. Immediately the bank's president, Baron Louis Rothschild, head of the Vienna branch of his family, resigned...