Word: deposited
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Dates: during 1930-1939
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Engaged. Gerard Swope Jr., son of the president of General Electric Co.; and Marjorie Lincoln Park, daughter of President Franklin Atwood Park of Safe Deposit Co. of New York and vice president of Singer Sewing Machine...
...Approve a 2% excise tax on chewing gum, 2¼% on tires, 4% on inner tubes, special taxes on communications (exempt: news dispatches), real estate conveyances, stock & bond issues, safe deposit boxes, oil pipeline tolls...
...employe plan was a five-year savings system under which any employe could deposit with the company up to 20% of his earnings, with a $300 maximum figure. The company contributed an amount equal to one half this deposit, which was used to buy G. M. shares. This contributed sum was turned over to the subscribing employes at the end of five years, together with interest at 6% on their savings. Employes sharing in the 1931 distribution numbered 30,222. They had invested $3,580,000 in 1926 on which interest came to $1,343,000. The value...
...Wall Streeter knows, but few Senators do, how pools are run. Because the risks are great, the pool's sponsor usually invites only his richest friends to form a syndicate. Each shares in the profits (or losses) in proportion to his subscription. Each usually makes a cash deposit for the pool manager to use as margin in his trading operations. Each is pledged to strict secrecy. With dictatorial powers, the pool manager begins accumulating stock, buying a little more each day than he sells. Stock is dumped if the price rises noticeably. When the manager has the stock...
Into his syndicate Broker Meehan drew 63 participants. The biggest names were mostly Irish and Roman Catholic-the late Nicholas Frederic Brady, Thomas J. Regan, William F. Kenny. John Jacob Raskob, each down for 50,000 shares, each depositing $1,000,000. In Broker Meehan's wife's name was another $1,000,000 deposit, for 65,000 shares. Several other wives were listed for large amounts. In for lesser amounts were Percy Avery Rockefeller, William Crapo Durant, Walter P. Chrysler, Herbert Bayard Swope, Detroit's Fisher Brothers. Senator Norbeck was amazed to learn that Comedian Eddie...