Word: dealing
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Dates: during 1930-1939
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...unchanged); 2) that Continental would buy back its preferred from RFC at least $250,000 every six months; 3) that until the preferred was retired RFC should have voting control of the bank; 4) that all directors had to be approved by RFC. The most important result of the deal was that Jesse Jones's good friend Walter Joseph Cummings was made chairman of the board, salary $75,000 a year...
...small traction companies $7,100,000 a year for 999 years for the privilege of running its street cars over their right of way. For the stockholders of the 49 underlying companies-among them the Wideners, the Elkinses and other First Philadelphia Families-this was a mighty fine deal. Their original investment in one case consisted of some horses that went to the glue factory about 1874. They claimed recently in court that their property was worth $35,000,000, and the court valued it at $6,000,000, but between 1902 and 1939 they collected $250,000,000 rent...
...Orleans with $4 after being mysteriously kicked out of Yale in his third year, quickly rose to be one of the most successful lawyers of his day, a Senator, holder of three Cabinet posts, Davis' confidant. Called "the Mephistopheles of the Rebellion," connected with many a shady deal in speculation and filibustering, Benjamin boasted that no letter of his would be found when he died. Only a few were. Yet he was thought charming by Mrs. Chestnut, "that tart memorialist of Southern statesmen," who declared that "the Confederacy has been done to death by the politicians." After a harrowing...
...Myers' History of the Great American Fortunes. Its author was a fact-worshipping reporter of Philadelphia and Manhattan who had spent eight years digging out his facts. No other publisher would touch it-they feared it was "of such a nature ... as to get us into a great deal of trouble." Declared a typical nose-holding review (New York Times): "It leaves such a bad taste in the mouth that readers may be cordially advised to read something else...
Believe the Heart is the 497-page study -a good deal more interesting than the people it presents-of the slow maturing of Leda Fillmore, and of her relationships with 1) the memory of her dead husband, 2) her newborn son, 3) a difficult mother-in-law, 4) a wise obstetrician, 5) a somewhat crass young lawyer, 6) off-stage troubles in the steel company she has inherited. She marries the lawyer, who is inadequate as a substitute for her first husband, and wins the helpful advice and abiding friendship of the doctor. In the long run she is glad...