Word: firms
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Dates: during 1930-1939
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...Firm, Sturdy, Steady...
...within 90 days-40 years ago are still waiting but not hoping. Your pappy, Father Time, is here but you wouldn't know him. Last seen he was chasing a bevy of our beach beauties-and not with a sickle. . . . Time marches on-in St. Petersburg-with a firm, sturdy and steady step. . . . [And] whereever one will find dear old grandmothers and grandfathers one will also find loving sons, daughters and grandchildren or are you listening...
Depression. While sales of automobiles in the U. S. slumped notably, foreign demand remained firm; automotive exports in March last year totaled $28,819,000, this year $28,971,000. What the U. S. buys most from abroad is raw materials, but U. S. commodity prices are now at a two-year low; hence imports of non-ferrous metals were down from $19,547,000 in March 1937 to $9,641,000 this year, tin from $11,617,000 to $3,808,000, newsprint from...
...Groton & Harvard background, social connections, family tie-up with J. P. Morgan & Co., his brokerage business apparently went from one financial crisis to another. In 1926 he was so hard-pressed for funds that he hypothecated the funds of his wife's trust fund for a firm loan, subsequently repaid it. In 1929 his brother lent him $500,000. In 1930, same year he became president of the Exchange, Richard Whitney began misusing securities of the New York Yacht Club. By 1931, Depression had nicked him so badly that he used his position as a director of the Corn...
Then he was trapped, for the Exchange suddenly decided to require financial statements from all its member firms (as a firm having no margin accounts Richard Whitney & Co. had always avoided this). Dick Whitney tried to bluff his way through by submitting fake figures, but the Exchange sent accountants to his office. This time, Brother George was in Florida, so Dick ran to Morgan-Partner Bartow with the whole miserable tale and a request for $280,000 more. Banker Bartow went to Lawyer John W. Davis, who forbade any financial assistance as improper. Bartow then motored out to Long Island...