Word: goldmans
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Dates: during 1930-1939
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This deal will be underwritten by a banking group headed by Manhattan's Goldman, Sachs & Co., which floated Sears's first public offering 30 years ago. The price then was $50 per share. Through split-ups and stock dividends each original share has multiplied to nearly 16 shares, worth close...
...Pine Street. Manhattan, home of Goldman, Sachs & Co., the proposed Sears deal had a significance all its own: it signalled the most remarkable investment banking comeback of Depression...
...beginning there were no Sachs in Goldman Sachs. Today there are no Goldmans. The business dates back to 1869 when the late Marcus Goldman started to buy from Manhattan tobacco and diamond dealers the promissory notes given them by their customers. Clapping the notes in his high black hat, Founder Goldman would then make the rounds of the banks, selling the notes as short-term investments at a slight profit...
...Founder Goldman took his son-in-law, Samuel Sachs, into the business, and by the century's turn Goldman, Sachs & Co. was the largest commercial paper house in the land. It still is. The commercial paper business was the chief reason for the firm's emergence as the leading industrial banking house of pre-Depression days. As it is done now the commercial paper business consists of buying promissory notes direct from the borrower instead of secondhand. For corporations needing money for short periods, commercial paper is often cheaper than bank loans. This type of business keeps Goldman...
Owing to a misunderstanding, foreign correspondents in Barcelona spent some time at Communist and Syndicalist headquarters looking for dumpy, old-time U. S. Rabble-Rouser Emma Goldman who is now a British subject and who, as they should have known, was at Anarchist headquarters. "I have come to Spain as to my own," cried Anarchist Emma to 10,000 Barcelona Anarchists. "Your ideal has been my ideal for more than 45 years. You are giving a shining example to the workers of the rest of the world...