Word: broker
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...Yale), Born Esther Cobb on an Oregon ranch 90 mi. from a railroad, she was taken abroad by an aunt; at 16 she made her operatic debut in Germany and married Novelist Johnson. After War and divorce she entered Manhattan society by way of marriage to a wealthy broker named William May Wright. In 1924 she began a series of concerts chiefly distinguished by her Poiret gowns. Meantime she was becoming famed for large, jolly parties to which socialites and celebrities went dressed as circus performers, animals, ballet dancers, Spaniards, infants. When Depression smashed her husband's brokerage firm...
...Thursday, May 9, 1901, a young lumber merchant from Maine named Edward Allen Pierce went to work in Wall Street as a brokers' clerk at A. A. Housman & Co. That day was historic: by noon Wall Street had been thrown into a panic by the Northern Pacific corner. Broker Pierce learned to work twelve hours a day, still does. Elected a partner in 1909, he served his firm faithfully but unspectacularly for 18 years. Then, on Jan. 1, 1927, he announced the formation of E. A. Pierce & Co. to take over the business of Housman & Co. and six brokerage...
...Broker Pierce had developed a genius for Organization. In four years he acquired in part or in whole some twelve brokerage houses, biggest of which was Merrill, Lynch & Co. Pierce's network of wires spread fanwise across the country, reaching into Canada. Soon the company was universally recognized as the largest wire house on the New York Stock Exchange. When Germany was on the brink of financial ruin in 1931, brokers chuckled: "Nothing to worry about; E. A. Pierce will take them over." All during Depression the firm gathered brokerage houses into its system, until Wall Street lost track...
...Broker Pierce is a hardworking, handsome, kindly man whose life and love is his company. His genius for absorbing other people's businesses gives his partners plenty to do. The four or five who mill around the New York Stock Exchange floor could never transact all their customers' business on a busy day. Four more are locked in a cashier's cage all day signing checks and certificates. Others buy and sell commodities. Curb shares. Those who do not have offices congregate in a great partners' room filled with rolltop desks. But even the oldest employe...
...Broker Pierce is the central, animating force of E. A. Pierce & Co., but it is a woman who holds the system together. Brown haired, feminine, with a sturdy but pleasing personality, Miss Ethel F. Mercereau is probably the most famed woman in Wall Street. She is a Pierce partner. She is also a martinet. She forbids smoking anywhere in the office from 9 to 3 o'clock. She allows no employe to make personal telephone calls except when absolutely necessary, or to write personal letters on the firm's stationery. No E. A. Pierce clerk may appear before...