Word: hanauer
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Dates: during 1920-1929
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...Paul's service would have continued to be an uncertainty instead of an enterprise. But if the I. C. C. could have assembled the St. Paul security-holders at once for an executive session, it would have pressed its objections to the plan engineered by suave Jerome J. Hanauer of Kuhn, Loeb & Co., and associates of the National City Co., and Robert T. Swaine of the potent Manhattan law-firm of Cravath, Henderson & De Gersdorff. The objections...
...which had loaned the road $55,000,000 and the owners of $182,130,960 especially safe-guarded bonds) lost. But they did not lose everything. Among the debris of the St. Paul's crash lay many a valuable share, which the re-organization managers, whom Jerome J. Hanauer's† gloved hand directed, fitted together a new pot for gold...
...brother, Felix M. Warburg, who married Frieda Schiff, has remained a partner since 1897. His forte is the philosophy of money?economics. Otto Hermann Kahn, who became a partner in 1897, after his marriage to Addie Wolff, is the star salesman of the firm, the "front window." Jerome J. Hanauer might be called the mathematical genius. Few minds can match his when it is applied to railroad financing. He?a partner since 1912, and the last to be admitted?is the only one not a son-in-law or a son of earlier partners...
Retail bondmen complained of the small percentage of a security's selling price that they must work on. They blamed the issuing houses; Jerome J. Hanauer, of Kuhn, Loeb & Co., new governor in the association, blamed the situation on corporations and governments which demand too high prices for their bonds...
...immediate cause of the failure was the road's inability to meet some $48,000,000 of its 4% bonds due June 1 this year. All winter, conferences have been held, but the road's bankers, led by Jerome J. Hanauer of Kuhn, Loeb & Co. and President Charles E. Mitchell of the National City Bank, Manhattan, evidently refused to float a new refunding loan. In this they were no doubt quite justified, since such a loan could not have been placed below 6%, even if at that figure: and since, on that basis, about $1,000,000 additional fixed charges...