Word: buckners
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Dates: during 1930-1939
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Chicago, the next biggest banking centre, was not heard from until Saturday. When Chicago's adherence was announced, Mortimer Norton Buckner, newly made president of the New York Clearing House and Chairman of the Organizing Committee of National Credit Corp. said the initial amount pledged was around...
...frank, concerted effort to restore depositor confidence in New York banks, and to prevent further withdrawal of deposits. It was designed as the solution of a problem about which State Superintendent of Banks Joseph Broderick, Governor George Leslie Harrison of the New York Federal Reserve Bank. Chairman Mortimer Norton Buckner of the New York Clearing House Committee and Governor Franklin Delano Roosevelt of the State have talked long, often and seriously. The conversations have extended to 22 great banks, including Speyer & Co. and J. P. Morgan & Co. The conversations ended with promises of a million dollars from each bank...
Promptly bank officials and Chairman Mortimer Norton Buckner of the New York Clearing House made public statements that Chatham Phenix is in splendid condition. A statement was produced which showed that on Aug. 18 the bank had capital funds (resources minus liabilities) of $32,708,000 although since Dec. 31 its deposits had shrunk some $70,000,000. Attorney Thomas Lincoln Chadbourne, director of the bank and its counsel, called all the ugly rumors lies, spoke of their "utter baselessness, sheer malignancy." He said Chatham Phenix would prosecute Mr. O'Connell to ''the very limit...
Some persons might infer from this statement that the Fiduciary Trust Co. will entrust all legal business of estates and trusts under its care to Root, Clark & Buckner. On the contrary, the policy of the trust company, where circumstances permit, is to employ a client's own attorney in the administration of his estate or trusts...
...opened for business on the 30th floor of No. i Wall St. But other bankers pre- pared to watch Fiduciary's course with deep interest. Distinctly it is a new departure in banking. The idea for Fiduciary Trust was conceived by the law firm of Root, Clark & Buckner and the investment counsel firm of Scudder, Stevens & Clark which, formed in 1919 as the first purely professional investment adviser, now spends $400,000 a year in research, handles some $325,000,000 in funds. Representatives of both firms are on the bank's board. Fiduciary Trust will specialize...