Word: brokering
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...uneasy years before the Civil War, sweeping schemes for social reform were "far from subversive," Author Hale points out. Greeley himself advocated a more equitable distribution of wealth. As editor of an independent, successful newspaper, he "stood at the center of the turbulence as a barometer, a bellwether, a broker of notions and ideas." Though Marx's dispatches were laden with doom-fraught prophecies of social breakdown, Greeley's young managing editor, Charles A. Dana (later famed as owner-editor of the old New York Sun), happily assured his London correspondent: "They are read with satisfaction...
...however, argued that Insurance Man Newell had been much whang-banged in his dealings with Brewster. Reason: the Teamsters' Western Conference, under Frank Brewster, had made Newell the broker and consultant for its health and welfare fund. The annual profit to Newell...
Finger & Knife. Philadelphia's Bailey was impatient to touch down. He had strong personal reasons: as a boy of twelve, he had seen his father, a broker, die at 42 of a lung hemorrhage, the direct result of heart disease. After what Bailey considers less than average preparation for such a post (New Jersey's Rutgers University, Philadelphia's Hahnemann Medical College, a year's internship, four years of general practice in Lakewood, N.J., two years of intensive lung surgery), he was placed in charge of chest surgery at Hahnemann in 1940. He is now professor...
PENNY STOCK SWINDLE has resulted in conviction of high-pressure Jersey City Broker Walter Tellier (TIME, May 7). Federal Court jury in Brooklyn found that Tellier and two officers of bankrupt Alaska Telephone Corp. swindled 1,400 investors out of $900,000 by boilershop selling of Alaska debentures. Tellier can get up to five years in penitentiary and $180,000 in fines...
...Broker Francis I. du Pont & Co., where Silberstein's son-in-law, Peter M. Cats, is a customers' man. For one batch of 50,000 shares, Silberstein contracted to pay $52.75 when the market price was $45, thus netting his unidentified sellers $387,500. He has so far paid the Swiss bank $2,600,000, still owes $10,487,500, due next June and July...