Word: gianninis
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Dates: during 1940-1949
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...long and often stormy banking & business career, big, bull-necked old A. P. Giannini had retired officially at least three times. But he had too much energy to sit still; unofficially he went right on working so hard at his Bank of America that friends knew there was only one way he would really retire. A month ago, as he passed his 79th birthday, A.P. confided to a reporter that it would be his last. A.P., who had been right so many times before, was right this time...
Last week, in his San Mateo, Calif. home, Amadeo Peter Giannini died of a heart attack. Behind him he left the biggest banking empire in the world ($6 billion in assets and 522 branches), but a personal fortune estimated as low as $300,000. A.P. had never been interested in merely making money...
Panic & Proxies. Born to the black-bread fare of Italian immigrants, young Giannini thrived on the urgent challenges of disaster, the quick opportunities of every self-made man. Taken into his stepfather's San Francisco produce business at twelve, A.P. became a partner at 19, half-owner a few years later. He retired from the business at 31 with a $250 monthly income...
...business from fire and looters by lugging its assets away in vegetable carts. A few days later, before the other banks could gather their wits, A.P. was open for business in another part of town. In the panic of 1907, the Bank of Italy rode through safely, thanks to Giannini's cautious hoarding of gold. As a horde of settlers poured into California to start ranches, orange groves and vineyards, the Bank of Italy lent them the cash they needed and spread its branches throughout the state. To consolidate his empire and run his real estate and insurance interests...
Then Baritone Thomas ran off a raffle (Banker L. M. Giannini's wife won a radio) that helped put $49,000 into the orchestra's treasury...