Word: jr
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Dates: during 1950-1959
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...wholesale flood of credit. In the new economy so many other financial institutions -insurance companies, finance companies, savings and loan associations-have grown up that the nation's credit pool is increasingly independent of the FRB. Nor was Chairman William McChesney Martin Jr. in any tearing hurry to force feed the economy. Said Martin: "During a boom, waste and inefficiency creep in naturally. It's hard not to believe that recession does a lot of business a lot of good...
...Iowa were 4.5% ahead of last year. In the South, where new industry was moving in 50% faster than last year, most of what was known about the recession was what the people read in the news dispatches from the North. Says Southern Co.'s President Harllee Branch Jr.: "We had just enough of a recession to be made aware that one could happen...
...Aluminum, which dropped 8% in 1958. will increase shipments by about 20% to 2,100,000 tons next year, says Alcoa Market Researcher E. M. Strauss Jr., who foresees expanding markets in the auto industry, containers and construction. ¶ Appliances will have a banner year, with sales up 5% to more than 15 million units, says President Judson Sayre of Borg-Warner's Norge Division. The industry will sell 16% more automatic washers, 8.3% more clothes dryers, 3.6% more refrigerators...
...when the Federal Banking Act compelled the separation of investment and commercial banking, J. P. Morgan Jr. elected to continue in commercial banking; his son formed the investment house of Morgan Stanley...
...idea of Morgan & Co. He was born in Murfreesboro, Tenn., son of a grain and feed merchant, went to Vanderbilt ('23) and Yale Law School. He worked on Morgan affairs as a partner of the giant Wall Street law firm of Davis Polk, so impressed J. P. Morgan Jr. that he became a Morgan partner in 1939. He became chairman in 1955, with a reputation for topflight banking and for building Morgan's staff. In line with Morgan's new look, Alexander does a lot of traveling, tells prospects: "When you decide to borrow money...