Word: co
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Dates: during 1920-1929
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...radio rivals to the newborn company have already appeared. Earliest of all in the field was Universal Wireless Communications Co, of Buffalo, which obtained late last year (TIME, Jan. 7) from the Federal Radio Commission a generous helping of wave lengths. This is still a dark horse; no steps have been taken to establish its proposed radio network between no U.S. cities. Postal Telegraph itself is the other rival: it has also applied to the Commission for domestic wave lengths. If radiotelephonic hookups, now a possibility, become a reality, the remaining great communications company, American Telephone & Telegraph Co., will...
...usually proceed through a long period of surmise, rumor and denial until their final announcement is purely a formality. Sudden, unexpected, however, was last-week's announcement that Bank of America N.A. and Bancamerica, its investment company, were to consolidate with the famed private banking house of Blair & Co. Never before in Manhattan* had a commercial bank merged with an investment bank. That Bank of America was contemplating a merger was common knowledge, but that Blair & Co. would constitute the other half of the combination was indeed a surprise...
Central figures in the merger are Amadeo Peter Giannini (who last year secured control of Bank of America and made his brother Attilio Giannini chairman of its board) and Elisha Walker, leader of Blair & Co. With the acquisition of Blair & Co., Mr. Giannini has given his Bank of America a potent investment banking organization that will secure him an entrance into many an investment syndicate that Bancamerica does not reach. Sensational has been Blair & Co.'s success in recent years, its oil operations having culminated in the organization of the recently formed Petroleum Corp., $100,000,000 oil investment...
...Merger of Harris Trust & Savings Bank with N.W. Harris & Co., both of Chicago, affords an extra-Manhattan precedent...
Engaged. Frances Parker, of Rye, N. Y., daughter of Board Chairman Junius Parker of American Tobacco Co.; to Alexander C. Neave, Manhattan lawyer...