Word: kuhns
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Dates: during 1920-1929
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Except for formal ratification, Kuhn, Loeb & Co. and the National City Co. of Manhattan, who represent the reorganization committee of bondholders, own the onetime Chicago, Milwaukee & St. Paul Railroad, a system estimated at $750,000,000. They bought it at an auction sale in Butte, Mont., last week for $140,000,000 and their promise to untangle the road's debts, no light task. For the pres-ent there will be no change among the operating executives. But the system's name has been altered to the Chicago, Milwaukee & Pacific Railroad, with "The Milwaukee" as the nickname...
...issue to this office, for simultaneous publication in Manhattan, Chicago and Boston. That was not unusual. Doremus & Co. are the largest financial advertising agency in the country. They have 324 accounts, practically every one a potent banking or investment house, such as Morgan & Co., Speyer & Co., Guaranty Trust Co., Kuhn, Loeb & Co., General Motors Acceptance Corp. One does not hold such customers by ordinary service. They want arch-service...
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...
Separated. Paul D. Cravath, 65, distinguished Manhattan corporation lawyer of the firm of Cravath, Henderson, & de Gersdorff whose clients include Thomas F. Ryan, Kuhn Loeb & Co., Speyer & Co.; and Agnes (Huntington) Cravath, onetime opera singer; after 32 years of married life.* In the actual language of the press of the '90s, he, "a devoted lover, a strapping fellow with sweeping mustachios of dark brown" impatiently climbed a 20-ft. ladder of the steamer Teutonic to meet his lady...
...main bidders will be Kuhn, Loeb & Co. and the National City Bank of Manhattan, both heavy investors in the road. Other creditors will be protected by their bids, although it seems that preferred and common stockholders will suffer as they must under any similar financial holocaust...