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...eyes that seem always sunken behind dark-lensed spectacles. A searing editorial in Besbozhnik (The Godless), famed anti-religious organ of the Soviet State, revealed, as horrid fact, that 65.000 "Baptist Bibles" have recently been printed in Russia. Since someone must have paid for them, and since John Davison Rockefeller Sr. is rich, philanthropic and Baptist, Editor Shpitzberg of Besbozhnik pointed accusingly across the Atlantic at Rockefeller Sr., while indicating John Davison Rockefeller Jr., as the actual source of cash. Since several Baptist weeklies are appearing unmolested in Russia, the tirade of last week against "Rockefeller Bibles" seemed pointless, hysteric...

Author: /time Magazine | Title: Foreign News: Baptist Bogey-Man | 1/14/1929 | See Source »

...late Henry Pomeroy Davison initiated the renaissance of the Guaranty Trust Co.* The bank had been founded (1864) during the crooked financial period of the Civil War. It was then called the New York Guarantee & Indemnity Co. The late Samuel D. Babcock kept its financing reputable through the dishonest '70s. Thereafter its honesty was no longer necessary, for it ceased to exist except as a name and the title owner of a piece of Long Island real estate...

Author: /time Magazine | Title: Business: Fourth $1,000,000,000 Bank | 1/14/1929 | See Source »

...undivided profits nil, its deposits nil. Six months later capital was $2,000,000, deposits more than $1,000,000. Thereafter (the corporate name was changed to Guaranty Trust Co. in 1895) growth was sedate, based on insurance policy loans and railroads trusteeships. That is, until Morgan Partner Davison took hold in 1909. He increased capitalization to $5,000,000, absorbed four small banks, attracted great accounts. Next year the bank paid a 32% dividend to stockholders, the year after 40%, the third year 38%. The 1927 rate was 16% on the vastly increased capitalization...

Author: /time Magazine | Title: Business: Fourth $1,000,000,000 Bank | 1/14/1929 | See Source »

Associated with Davison was the late Levi P. Morton, chairman, and the late Alexander J. Hemphill, president. Among their vice presidents was swarthy Charles Hamilton Sabin, Massachusetts farmer's son who in youth had been a flour dealer's clerk, and blond William Chapman Potter, Chicago-born mining engineer. The two were brothers-in-law, their wives the daughters of the late Paul Morton, variously President of the Burlington Railroad, Secretary of the Navy under Roosevelt. President of the Equitable. Mr. Potter still fondly calls himself a mining engineer, rather than a banker. He was long associated with the Guggenheims...

Author: /time Magazine | Title: Business: Fourth $1,000,000,000 Bank | 1/14/1929 | See Source »

Engaged. Almira G. Rockefeller, only daughter of the late William G. Rockefeller, grandniece of John Davison Rockefeller, recent debutante, of Manhattan & Greenwich, Conn.; to M. Roy Jackson, able huntsman, widower, father of two married daughters...

Author: /time Magazine | Title: Milestones: Dec. 31, 1928 | 12/31/1928 | See Source »

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