Word: lazard
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Outlanders In. Formed by New York's Ladenburg Thalmann & Co., and Lazard Frères & Co. (Phelps Dodge's Louis Gates, and David Rockefeller, youngest son of John D. Rockefeller Jr., came in later), American Anglo had an option to buy a one-third interest in any projects launched by able Bob Hersov. The Americans had put up $5,000,000, had agreed to ante up more as the need arose...
Last week Wall Street's Ladenburg, Thalmann & Co. and Lazard Freres & Co. announced the formation of the American Anglo-Transvaal Corp., a privately-financed company to promote mining and industry in South Africa. (No stock in the new company will be offered to the public for the time being.) The London firms of Lazard Brothers & Co. and J. Henry Schroder were invited to share in the original $9 million subscription of American Anglo-Transvaal, and accepted...
Died. George Blumenthal, 83, international banker, philanthropist, and president of the Metropolitan Museum of Art; in Manhattan. Born in Frankfort on Main, he was sent to this country by Speyer & Co., later became a partner in Lazard Freres. With J. P. Morgan the elder, he was one of five bankers whose $65,000,000 gold loans saved Grover Cleveland from giving up specie payments in 1896. He gave $1,000,000 to the Metropolitan Museum in 1928, close to $2,000,000 to Mount Sinai Hospital...
While subterranean current flashed between Washington and New York, SEC Chairman Jerome Frank answered Senator Norris' letter. He saw no need for the suggested probe since Hanes had candidly informed the SEC exactly who his backers were. The list: a member of the investment firm of Lazard Freres & Co., which has no direct interest in Associated; officials of the Chase National Bank, which has; Guaranty Trust Co.; Bankers Trust Co.; and CO. President Roger Whiteford, wrote Frank, has "been made president of that company at the instance of the sisters and a brother-in-law of Mr. Hopson...
Silent Shushan. What got the Item in trouble last week was a case that opened in Louisiana's Federal court against Abraham Lazard Shushan (who once backed Huey Long financially, in return got his name on New Orleans' palatial Shushan Airport) and four other defendants accused by the Government of using the mails to defraud. According to the grand jury's indictment, they shared a fee of $496,000 on a false claim that they had saved the Orleans Levee Board $2,000,000 in a bond-refunding operation...