Word: exceptional
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Dates: during 1920-1929
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...first place, Mr. Loree or any other reputable railroader is entirely in order when he devises a plan for railroad consolidation. Nothing in the fast-moving U. S. has so dawdled and daggled as rail road consolidation -except possibly Prohibition enforcement. The I. C. C. has moved with the sloth of an iceberg. It now promises to come out soon with the basis of a plan. For years the public has been bored with dozens of plans mostly quite unoriginal...
When Senior Rand was killed in an airplane crash in 1919, Buffalonians knew little of Junior Rand except that he was 27, had worked in all the departments of his father's bank, served in the Y. M. C. A. during the War. Of this obscurity Banker Rand quickly divested himself. That year he became assistant secretary of The Marine Trust Co., the next year vice president. In 1921, anxious to show he could do something for himself besides running his father's bank, Mr. Rand with some young friends acquired an interest in the Buffalo Trust...
...reached the figure of $4,231,847,000-money raised at the rate of a half billion a month or six billion a year. This figure included stocks, bonds and notes, but did not include real estate or municipal securities either in this country or Canada. Except for a comparatively small amount of financing by Canadian corporations and by foreign corporations, cities and governments, it represented the money used either to bring new U. S. businesses into existence or to make larger U. S. businesses already established...
...financing in one of two ways-it either assumes the responsibility of floating the new issue or it participates in floating an issue which some other house has sponsored. In the second case, it is a participant in a syndicate, in the first case it is the syndicate head, except when it does not invite any participants but handles the entire job itself, Most houses are syndicate heads in some issues, participants in many others. The lordly House of Morgan, however, is never a participant. During the present year Goldman, Sachs & Co. and G. L. Ohrstrom & Co., Inc., have also...
...Many a New York inhabitant and visitor knew this bank because of its unique and long-standing advertisement headlined: "A Bank Statement That Any Man or Woman Can Understand." This began to appear years ago when other banks were afraid to advertise except in an unintelligible manner...