Word: firming
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Dates: during 1930-1939
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Last week in its 137th year Roosevelt & Son announced a complete breakup in anticipation of the provision of the Banking Act of 1933 which requires private bankers to segregate their banking business from their securities business before next June. Thus the oldest investment firm in Wall Street became the first to submit to the new Roosevelt rule...
...Roosevelt and his brother Philip James, fifth in the direct line of Founder Jacobus, and another partner "will continue the business of managing investments and other property, including the collection of income and the reinvestment of principal, and of acting as custodians of securities." They will perpetuate the old firm's name...
...general securities business will be done by Fairman Rogers Dick, Van S. Merle Smith, Charles B. Robinson and John K. Roosevelt (special partner) under the firm name of Dick & Merle Smith...
...Ford's salesmanager, was staging a nation-wide sales contest and to everyone's surprise the young Texan won it. Soon he was working directly for Ford. Next he became head of Reo's sales in California. Then he moved to Manhattan as partner in a firm of Metropolitan Chrysler distributors. From there he moved into Chrysler Motors & the Chrysler family, by marrying Walter Chrysler's eldest daughter, Thelma. In 1932 as president of the company he took hold of De Soto, gave it a new round radiator grill and many another feature that...
Wall Street wags last week insisted that the only reason the House of Morgan took in no new partners on Jan. 1 was that the firm could find no one who would join. The Senate Banking & Currency investigation, they said, had stripped all glamour from a Morgan partnership. But admittance of a new Morgan partner is by no means an annual event. Last one to sign the articles of copartnership was Charles Denston Dickey two years...