Word: j
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Dates: during 1950-1959
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...J. Reynolds Tobacco...
Henry Alexander's prestige does not depend on tradition alone; it rests on what he has done to rescue the House of Morgan from decline and restore it once more to the first ranks of U.S. finance. Less than a year ago, J. P. Morgan & Co. was in tenth place among New York commercial banks and 28th in the U.S. It was hard pressed for enough money to lend its rapidly increasing number of customers. Then Alexander pulled off a coup that Wall Street dubbed "Jonah swallowing the whale." He worked out a merger with the much larger Guaranty...
...House of Morgan. Where Morgan was gruff and autocratic, with a fierce glare that could wither a man at 30 paces. Alexander is relaxed, cordial, full of a dry wit. He speaks with a Tennessee drawi. talks about mules as easily as about the national debt. While J. P. Morgan roamed the world in his 302-ft. yacht Corsair, Alexander's yacht is a loft. dinghy moored at his Cape Cod summer home. While Morgan traveled in private railway cars, Alexander gets about in a 1957 Chevrolet station wagon or a Corvette. While Morgan's hobby was spending...
Attracting the Elite. Bird Dog Alexander has kept his bank on the path that has always been the specialty of both J. P. Morgan and Guaranty: catering to the top level of business, finance and government. Morgan Guaranty is the biggest U.S. bank that is strictly "wholesale"-and one of the few wholesale banks left. Says Alexander:"We don't want to be just another big bank. We want to be a special kind of bank, where all the expertness that American business wants can be found...
Power & Ruthlessness. The history of the House of Morgan is almost the story of U.S. banking. Founder J. Pierpont Morgan was a great builder and dreamer who helped build the U.S.-and grew so powerful that he helped run it. Morgan left his father's London banking firm at 20 to try his own luck on Wall Street. After acting as agent for his father's firm, he went into business for himself under the name of J. Pierpont Morgan & Co. He performed dazzling feats of finance one after another. His method was to buy control of banks...