Word: fenner
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...subtler horrors of war: Lieut. Commander Clinton T. Nash (Fred Clark), a sort of sugar-coated Queeg. This pill is secretly known, to those who have to take him. as "Marblehead" ("And not just because he is bald"). In civilian life Marblehead was a broker (Merrill Lynch, Pierce. Fenner & Beane), and he got himself a direct commission "without the corrupting effect of any intervening naval training." He compensates for this deficiency by soaking his gold braid in brine whenever the green seems to be wearing off, and by declaring loud and often, in peculiarly defective sailor-Latin...
Those who were most offended by the trend in Ghana were not British ex-colonial types, who might be expected to say I-told-you-so, but liberals and leftists. One of them, Socialist M.P. Fenner Brockway, an honor guest at Ghana's independence celebrations, last week let out an anguished cry of betrayal: "What evil genius has gained the ear of the Prime Minister of Ghana? His friends in Britain are shocked to find Ghana adopting some of the worst practices of colonial rule. This is not Kwame Nkrumah. I beg him to free himself of his advisers...
Merrill Lynch, Pierce, Fenner & Beane, the biggest U.S. brokerage house, has never put out a market letter for its customers. Virtually every other firm puts out at least a weekly or bimonthly letter, considers it as vital to business as a scratch sheet is to a race track. "When a speculator walks into our office," says one big broker, "he wants a copy of the market letter. If we don't have one, he'll march right across the hall to another brokerage office that does...
...Wall Streeters, Merrill Lynch, Pierce, Fenner & Beane, the world's biggest brokerage house, has long been known as "We, the People," "The Thundering Herd," "Bureau of Missing Persons." A supermarket of finance with 104 partners in no cities, Merrill Lynch handles everything from commodities to 10% of all trading on the New York Stock Exchange. Founder Charles Edward Merrill always took the gags as a compliment. Over the years, his driving ambition was to convince the small investor that he should buy a stake in the U.S. economy. Said Merrill: "America's industrial machine is owned...
Confidence & Growth. In 1938 Charlie Merrill went back to the brokerage business. Combining first with Pierce, later with Brokers Charles Erasmus Fenner and Alpheus Crosby Beane, he set out to help rebuild U.S. confidence in stocks by offering investors the most conservative advice, cutting out service fees. In 1949 alone, Merrill Lynch's brokers gave lectures to 30,000 women in 65 cities, spent some $400,000 on advertising...