Word: lazard
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Dates: during 1930-1939
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...Government and other marketable securities" had declined $28,000,000 in book value (TIME, May 8). At the same time, Frank Altschul, chairman of the Stock Exchange List Committee, made public a year-long file of correspondence between his body and Allied Chemical. Mr. Altschul, Lazard Freres partner and brother-in-law to New York's Governor Lehman, had politely and persistently asked for a complete statement of the company's financial setup. Just as persistently and politely the company-that is, Mr. Weber-had refused. The only benefit from such a move, suave Mr. Weber insisted, would...
...stockholders. . . ." Mr. Weber delegated the secretary of Allied to reply and at the end of two months the secretary finally said that Allied saw no reason to change its ways. Then Frank Altschul, chairman of the Listing Committee (leading partner of the well-known private banking house of Lazard Frères with which Eugene Meyer, one of Allied Chemical's big stockholders, has old family connections), personally wrote Mr. Weber informing him that the Committee was going to put the whole question up to Allied's directors. Later Mr. Altschul was told that Allied's direc...
...approval of many business men and bankers who felt it high time that a banker should frankly come forward, confess his sins and speak freely to restore public confidence in bankers. Not only has Chase a securities affiliate but it has investment bankers on its board (Frank Altschul of Lazard Freres; Frederic W. Allen of Lee, Higginson; Clarence Dillon of Dillon, Read; Charles Hayden of Hayden, Stone, etc., etc.). And it has one of the largest bank directorates in the country: 71 members. The sins of the Chase Bank were not necessarily on Mr. Aldrich's head, however...
...York Bank were gathered: Thomas Lament and Russell Leffingwell, stalwarts of the House of Morgan, Frank Altschul of Lazard Freres, Richard Whitney, president of the Stock Exchange, Mortimer Buckner, head of the Clearing House, Joseph Broderick, State Superintendent of Banks, President Gordon Rentschler of National City Bank and James Perkins, its chairman-successor of Charles Edwin Mitchell whose downfall had helped precipitate the national crisis...
...Bank, Ltd., founded in 1873 by J. & W. Seligman & Co., a year after Ogden Livingston Mills's grandfather had converted his private bank in Sacramento to proudly-named "National Gold Bank of D. O. Mills & Co." The other was London, Paris & American Bank, Ltd., formed in 1884 by Lazard Freres to take over their private banking business in San Francisco. The year when these two banks merged the new Anglo-California Trust Co., Mortimer Fleishhacker's bank, was formed. It is believed that Herbert Fleishhacker bought out the London interests in his bank and has complete control although...