Word: co
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Dates: during 1920-1929
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...apartment dwellers who grumble monthly at the amount of their rent bills, might well take comfort from a consideration of the rent which Commercial National Bank & Trust Co. of New York will soon be paying. Last week this bank contracted to pay rent of almost $500,000 a year for 42 years. Its landlord will be unique Henry L. Doherty; its premises, the first five floors at No. 60 Wall Street (Cities Service Co. building, now being remodeled). Commercial National has signed a 21-year lease with an option for a 21-year renewal. During a prospective 42-year occupancy...
...directorate, partly from the executive ability of President Herbert P. Howell and his officers, partly from favorable banking conditions. The directorate includes such men as Clement M. Keys (Curtiss-Wright Corp. airplanes), Walter P. Chrysler (automobiles), Lewis J. Horowitz (Thompson-Starrett, skyscrapers), Richard F. Hoyt (Hayden, Stone & Co. and Curtiss-Wright Corp. airplanes), Robert Lehman (Lehman Bros.), William Wrigley Jr. (gum), R. P. Stevens (Niagara-Hudson Power Corp., Morgan utility) and William H. Vanderbilt...
President Herbert P. Howell, onetime Carnegie Steel Co. executive, went from Pittsburgh to Manhattan in 1912 to become vice president of National Bank of Commerce. Here he had ample opportunity to study the workings of a Big Bank of the merging type.* Recognizing the power & potency of the Big Bank, Mr. Howell realized also that its very bigness left room for a smaller bank operating on more of a personal contact basis. So, after long consideration, and with the assistance of the tycoons mentioned above, he got together $7,000,000 for a surplus and sold $7,000,000 capital...
Long have mail-order houses like Sears, Roebuck & Co. and Montgomery Ward & Co., sold by mail tires and other automotive accessories. Last week Sears, Roebuck decided to sell the automobile itself. Details concerning price and type of car had not been decided. Announcement was made, however, that the car would be manufactured by Gardner Motor Co., Inc.* and that Sears, Roebuck & Co. would distribute...
Montgomery Ward & Co. is also considering marketing an automobile. Automotive bystanders, hearing that General Motors was experimenting with a small, airplane-motored automobile priced around $250, to be shipped in a box which would serve also as its garage, linked this rumored "aero-car" with the Montgomery Ward story. General Motors offices belittled the story, said that with 30,000 G. M. dealers there was no need for mailorder distribution of General Motors products. Asked whether General Motors was planning a car of the type described, the reply was that General Motors had so many experimental projects, each productive...