Word: lazard
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...Citroën's bankers used to be the famed house of Lazard Freres. Early in Depression, which to France came late. Lazard Freres tried to curb its client's exuberance, urged him to retrench. M. Citroën's reply was to buy up what little stock he needed for absolute control, preparatory to riding out Depression in solitary splendor. Lazard made haste to dispose of its minority interest...
...jinx perversely continued to cling to the coattails of Col. Abraham Lazard ("Abe") Shushan of New Orleans and his airport last week. Week before, during the Mardi Gras weekend, the new $4,000,000 field on the shore of Lake Pontchartrain was to have been dedicated with a four-day air meet. The airport, far superior to any other field in the U. S., had been built by the Orleans Levee Board of which Col. Shushan, good friend of Senator Huey Long, is president. In gratitude for his loyalty Senator Long permitted the new field to be named...
...shipping jam quickly developed. Manhattan banks bought foreign gold so furiously that they found difficulty in getting it to the U. S. The U. S. Government had already engaged most of the available cargo space for gold it had secretly bought through the RFC. Lazard Frères prepared to ship $5,750,000, National City Bank booked $3,500,000 on the Berengaria, Bank of the Manhattan Co., $8,400,000 on the Bremen and the Manhattan, etc. etc. Every fast ship sailing from northern Europe in the next two weeks was reported booked up full. The limit...
Because he has been one of its trustees since 1909, because he has served on its executive committee since 1910, because he gave it $1,000,000 cash in 1928, George Blumenthal, retired senior partner of the firm of Lazard Frères, was last week elected seventh president of New York's Metropolitan Museum of Art. He succeeds the late Furniture Tycoon William Sloane Coffin (TIME...
...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...