Word: j
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Dates: during 1930-1939
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...J. P. Morgan...
...Celebrated during the inquisition of J. P. Morgan by Counsel (now New York Supreme Court Justice) Ferdinand Pecora, was a notation found on an income-tax return, made by an Internal Revenue agent, which read: "Returned without examination for the reason that the return was prepared in the office of J. P. Morgan & Co., and it has been our experience that any schedule made by that office is correct...
Steve Stanko wanted to be an interior decorator but his father, a Hungarian immigrant, put him to work in an iron foundry close by their home in Perth Amboy, N. J. There two years ago Physical Culturist Bob Hoffman noticed brawny young Stanko, offered him a job in his barbell foundry at York, Pa., promised to make him the strongest man in the world...
...utility super-holding companies, J. P. Morgan's United Corp. was the biggest and fell the hardest. United now looks back ruefully on its ten checkered years of existence and hopes that it has finished taking its licking. In this connection it announced last week its first step toward quitting business as a utility holding company and setting up as an investment trust. It reported that in the past three months it had invested nearly $2,500,000 in 15 leading common stocks (Chrysler, DuPont, General Electric...
United Corp. was created Jan. 7, 1929, when J. P. Morgan and Co., in common with most U. S. elevator boys and other brokerage hangers-on, was somewhat overexuberant. Morgan & Co. and its "good neighbor" Bonbright & Co., put up $20,000,000, plus common stocks of great utility systems, giving United $150,000,000 in assets. They installed softspoken, aristocratic George Henry Howard as president of the new utility combine. Howard was one of the smartest graduates of the informal law school that the late Dwight Morrow ran at Simpson, Thacher & Bartlett's Manhattan lawshop, before Morrow became...