Word: lazard
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Dates: during 1924-1924
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...Manhattan showed, however, that the well-known medical firm at No. 23 Wall St., Manhattan, had saved the day. Reports originating from the French Ministry of Finance stated that the franc recovered when there was a rush of buyers to cover a shortage, following the operation of one bank, Lazard Frères, in throwing ?3,000,000 on the Paris Bourse in one day. But the psychological effect of Morgan's thundering loan was decisive. It was never expected that the full sum would be used. A large portion of the loan was used, approximately...