Word: charter
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Dates: during 1950-1959
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Once before, in 1951, Chase and the Bank of the Manhattan Co. tried to join, with Chase taking over Manhattan. But Manhattan's 156-year-old state charter was so drawn that a single dissenting stockholder could block the sale. This time, Chase, which has no such charter provision, will technically merge into Manhattan and give up its own national charter. If a majority of the 102,000 stockholders of both banks approve the merger, each of Chase's 7,400,000 shares outstanding (now selling at about $60) will be exchanged for 1½ Chase Manhattan shares...
...Million Pocketed. The oldest bank in the U.S. operating under its original charter, the Bank of the Manhattan Co. was the offshoot of a firm chartered, with the aid of Alexander Hamilton and Aaron Burr, to build Manhattan's first waterworks, use any excess capital in "moneyed transactions." To break the Federalist Party's monopoly on New York banking, the water merchants bought (for $30,000) a house at 40 Wall Street (still the bank's address), opened for business...
...Student Council will judge possible duplication. It can then recommend acceptance or refusal of a charter for the new conservative organization...
...Deplorable. At the beginning, of course, the cake was largely crumbs. For its first few years under sprightly President Elizabeth Gary Agassiz, it was usually known as the "Harvard Annex." It was not until 1894 that Mrs. Agassiz finally persuaded the Massachusetts legislature to grant her a charter ("I'd like to do anything that lady wants me to do," said one legislator after her impassioned speech). But, even by that time, some Harvardmen still retained their doubts. Huffed Litterateur Barrett Wendell, when asked if his daughters would go to Radcliffe: "My daughters, sir, I hope, are ladies." Snapped...
...review of the possibilities, Gross stated that three types of revision were possible. He did not think advisable either a "punctuation conference," making only technical amendments to the charter, or a "show-down conference," attempting to "kick the Russians out." More probable, he though, is a "propaganda or educational conference...