Word: branches
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Dates: during 1930-1939
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...house as an adjunct to Zurich's Stehli & Co. Importing of Stehli silks proved profitable until the Dingley tariff ended it forever. As U. S. manufacturers do today in foreign lands, the resourceful Stehlis promptly started manufacture of silks safe within the tariff wall. Now the U. S. branch of the family business is four times as large as the sturdy Swiss parent. Of the fourth generation is blond, pink-cheeked Henry E. Stehli, able young secretary and treasurer of Stehli Silks Corp. To reap the harvest of rough crepe Stehli has recalled 2,000 workers, its mills have...
...trial, Chicago's John Bain, 64-year-old founder of a chain of twelve small banks that failed at one crack last year (TIME, June 22, 1931), was last week convicted of conspiracy to defraud depositors. Scottish immigrant, onetime plumber, Bankster Bain had prospered in real estate, then branched into banking. Before the Depression, his Midas reputation spread widely among the clerks and laborers of Chicago's Southside districts. Unsound real estate promotions, wholesale juggling of assets among his various banks, whisked over his house of cards. When the banks crashed with deposits of $13,000,000 owed...
...confused are: 1) Branch banking, in which a central institution maintains offices apart from its head office. Example: Bank of America N. T. & S. A., with 410 offices up & down California. 2) Group banking, in which a holding company controls one big bank and a group of smaller banks which draw upon the experience and facilities of the central institution. Example: Marine Midland Corp. with 22 banks built around Buffalo's Marine Trust Co. 3) Chain banking, in which a string of small banks are controlled by a holding company or individual but having no kingpin institution...
Members of the New York Stock Exchange who chanced to walk past the corner of Madison Avenue and 43rd Street in the last month have been taken aback by what they saw. In the long narrow office where once was a dressy branch of defunct Pynchon & Co., the firm of Pirnie, Simons & Co., Inc., members of no exchange and backed by celebrated Promoter Archie Moulton Andrews, has what its salesmen call "our store...
Without going into the irrelevancy of detail, Shaughnessy-Sullivan gives the impression of having said what there was to say about his microcosmos, drops many a memorable remark by the way. Novel-addicts will cheer his dictum: "Novels, in particular, enlarge one's life. More than any other branch of literature they make one acquainted with the panorama of life, and with the variety of human emotions." His view on war is more practical than Kellogg's and the late Aristide Briand's: "It seems to me that the only way to prevent future wars...