Word: drexel
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Dates: during 1930-1939
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Flabella Sirs: TIME was correct in stating "ostrich-plumed flabella" in its account of the procession on the Feast of Corpus Christi as opposed to accuracy- loving Fraser Nairn who insists that they were peacock fans. Recent newsreels of the event prove that. Perhaps Mrs. Drexel's peacock-feathered flabella have been retired. However, her gift to the pontiffs was conspicuously absent on this occasion. JOHN E. P. MclLVAINE Minneapolis, Minn...
...interest of accuracy, these flabella are not ostrich plumes but are peacock feathers and were presented to the Popes by an American, Mrs. Joseph W. Drexel of Philadelphia, of the famous banking family of that name...
Born. To Anthony Joseph Drexel Biddle Jr., Philadelphia sportsman-socialite, divorced husband of Mary L. Duke, tobacco heiress; and Margaret Hickman Schulze Biddle, daughter of the late Mining Tycoon William Boyce Thompson: a son; in Paris. Weight...
...partners stationed in Manhattan (five manage Drexel & Co. in Philadelphia) work together behind a long row of rolltop mahogany desks on the first floor of No. 23 Wall St., shut off by a glass partition from the banking floor and an area where clerks toil incessantly with calculating machines. By elevator they can go to the floor above where a long corridor decorated with large photographs of partners gives access to private offices where they can go to dictate to secretaries. (The Elder Morgan would tolerate no female stenographers but that day is long past.) Every morning the partners, including...
...long periods Banker Morgan took his ease, answering routine questions for the record. Yes, Drexel & Co. in Philadelphia was a Morgan affiliate and yes, there were two houses abroad, Morgan & Co. in Paris, Morgan, Grenfell & Co. in London. Yes, Morgan & Co. always paid interest on demand deposits and yes, he supposed the private banks would profit from provisions in the Glass bill forbidding national banks to do the same thing. The rate of interest on deposits in the Morgan bank had been as high as 2½%, now is about one-half of one percent, conforming to the New York...