Word: firm
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Dates: during 1930-1939
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...This obscures in investors' minds the fact that as business the aviation industry is small potatoes. Last week a small, handsomely-printed volume summarized neatly and ably the striking characteristics of this diminutive industry. Its author was William Barclay Harding, who prepared it for the clients of his firm, the Wall Street house of Chas. D. Barney & Co.* Wall Street houses constantly prepare brochures on U. S. industries but for several years there has been no survey of aviation from a financial point of view of anywhere near such completeness. Its noteworthy facts and opinions on the two great...
...Cooke, who made his name and fortune financing the Union in the Civil War, went bankrupt during the Panic of 1873, and from the ashes of his Philadelphia banking house arose the firm of Chas...
Barney & Co. With the decline of Philadelphia as a financial capital the firm's centre of gravity shifted to Wall Street, and today it is primarily a brokerage house. For all its years Chas. D. Barney & Co. is rated as a progressive firm. It not only was one of the first Stock Exchange houses to start investment counsel service in a big way but also was among the first to realize that such service should be divorced from the underwriting and commission business. And last week Chas. D. Barney & Co. had the distinction of having its senior partner, John...
Abruptly in 1934 Edward B. Smith & Co. changed from a firm with a good brokerage business and a relatively good underwriting business into a mighty underwriting house with a commission business sideline. With the divorce of underwriting from banking, the high-powered personnel of the Guaranty Co. (securities affiliate of Manhattan's Guaranty Trust Co.) found itself out of a job, and after a little dickering moved into E. B. Smith. Senior partner of this bigger & better E. B. Smith was the old Guaranty Co. President, Joseph Rockwell Swan, to whom Senator Wheeler once remarked, in connection with...
...respect the firm is to be congratulated. It has realized that there is a place for research in the present economic system; it has seized on this opportunity, acquired reference books, bibliographies and other facilities known to scholars; it has adapted "book learning" to practical use and is prepared to aid men of affairs in dealing with academic problems, at a price. But in placing the names of college students on its mailing list, it has entered territory in which it is not in the least welcome...