Word: handasyd
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Died. James Handasyd (pronounced han'-da-side) Perkins, 64, chairman of the board of the National City Bank of New York, chairman of the board of the City Bank Farmers Trust Co.; of a heart attack; in Mount Kisco, N. Y. In World War I Harvardman Perkins was awarded the American Distinguished Service Medal, officership in the Legion of Honor, a commandership in the Order of the Crown of Belgium...
...Hyde Park, he had a succession of callers including Joseph Kennedy of the Maritime Commission; Chairman Douglas of the SEC; Board Chairman James Handasyd Perkins of Manhattan's National City Bank; Broker Paul Shields of Shields & Co.; William Averell Harriman, board chairman of Union Pacific Railroad and head of the President's Business Advisory Council. That these business-minded visitors talked about means of easing up on New Deal restrictions on Business, both Franklin Roosevelt and his callers solemnly denied. Confronted by Washington reports of tax revision, the President avoided endorsing them. Instead, he told his press conference...
...expects a greater sense of responsibility from its bankers than was manifest in the 19205, the bankers last week were strictly on good behavior. Revealing that his and President Gordon Rentschler's salaries had been boosted from $75,000 to $100,000, Chairman James Handasyd Perkins of Manhattan's National City Bank warned that "it is the duty of banks to do all in their power to avoid the pitfalls which increased prosperity creates." Cried Har vey Dow Gibson to applauding stockholders in his Manufacturers Trust: "As a nation we seem now definitely committed to a program...
...Manhattan's National City Bank cut the interest rate on small personal loans from 6% to 4%. "The increase in volume has tended to decrease the cost of handling an individual transaction," explained Chairman James Handasyd Perkins. National City's reduction was the first significant move toward bringing the benefits of prevailing low interest rates to little borrowers...
...Senate Committee had succeeded in getting its man. On Monday morning at 9 a. m. Charles Edwin Mitchell, 66, resigned, and James Handasyd Perkins, 57, was promptly elected chairman of the nation's second biggest bank. Few hours later the directors of National City Co. accepted the resignation of President Hugh Baker. Mr. Mitchell and Mr. Baker returned to Washington for further grilling...