Word: fenner
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Kansas' Episcopal Bishop Goodrich R. Fenner disdained to make any hygienic defense of the common chalice,* relied instead on church tradition. "I am not going to take any notice of the Board of Health," he announced, backed up by Kansas' Lutheran and Orthodox churches. "Our first loyalty is to the church." As for Director Wright, the bishop said: "Christianity can beat a sanitarian...
Ballots went out to the 1,346 members of the New York Stock Exchange last week to vote on whether the brokers should boost commissions an average 13%, the second hike in four years. The plan ran into immediate opposition from Merrill Lynch, Pierce, Fenner & Smith, biggest brokerage house. The proposed increase, said Merrill Lynch's Managing Partner Michael McCarthy, discriminates against the small investor, who will pay 30% more on a $500 transaction. He argued that most brokers are getting an adequate return despite higher operating costs, since commission earnings of Wall Street houses after partners' compensation...
...Merrill Lynch Co. Co-Founder Edmund C. Lynch died in 1938; Partners Edward A. Pierce, 82, and Charles Erasmus Fenner, 82, are still in the firm...
...offices from Rome to San Francisco, the world's biggest brokerage house will change its name-which is really a household word-on March 1 from Merrill Lynch, Pierce, Fenner & Beane to Merrill Lynch, Pierce, Fenner & Smith. The switch was caused by the resignation of General Partner Alpheus Crosby (Alphie) Beane, 47, but it is really a long-needed tribute to the firm's chief executive, Directing Partner Winthrop Hiram Smith...
...from salesman to bond department manager to sales manager. Carrying out Charlie Merrill's expansion policies, Win Smith in 1940 initiated and was a chief negotiator in the merger with E. A. Pierce & Co., was made managing partner of the joint firm. A year later he helped bring Fenner & Beane into the combine. From 1944 onward, Smith really ran the company for ailing Directing Partner Merrill. When Merrill died * (TIME, Oct.15, 1956), Smith took his title...