Word: broker
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...revealed last week that President Roosevelt last month pardoned, because of ill health, Broker William L. Jarvis of Newton and Scituate, Mass., who had served 15 months of a five-year prison term for fraudulent use of mails to sell stock. Broker Jarvis and four colleagues were SEC's first big captures...
Many a Wall Street broker visualizes himself as a modern Sisyphus in a special kind of New Deal Hell: endlessly rolling a Business boulder up a WPA hill built too steep by Federal spending, sown too thickly with SEC hazards, watered so heavily with Federal supervision that the boulder continually slips out of his hands and rolls back into Depression...
...years a Detroit insurance broker named R. T. Johnstone (neither of whose initials stands for anything) has been pestering Ford Motor Co. to take out a group insurance plan for its employes. Though balding, 37-year-old R. T. Johnstone is one of the nation's largest producers of group insurance, Henry Ford always refused on the ground that group insurance was too paternalistic. Last week, however, Broker Johnstone talked again to Edsel Ford, finally closed a deal for a $150,000,000 plan covering more than 100,000 Ford workers. Said a Ford official: "The men wanted...
Then he met a broker named Drexel (now a fugitive) who got him into the stock market in a small way. In the summer of 1929 Drexel invited the Birds to a summer camp with no telephone. While they were there, Drexel told Bird's secretary that her employer wanted her to arrange a $10,000 loan from the bank. She used her power of attorney to obtain it and Drexel bought $100,000 worth of stock on margin in Bird's name. Before Bird could extricate himself, the crash had come and he was short...
...father, Harvey Fisk, who had made a fortune helping the Union finance the Civil War. Four years later Pliny Fisk became the firm's trader on the floor of the Exchange, was there christened by his bearded fellow-members the"apple-cheeked boy of Wall Street." But Broker Fisk soon cut a man-size figure. In a few minutes one afternoon he sold $2,000,000 worth of securities to Hetty Green-after the doorman had tried to eject her because of her shabby clothes. By the turn of the century he was head of Harvey Fisk & Sons, which...