Word: loebs
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Dates: during 1920-1929
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Fire engines sirened their way up to the Kuhn, Loeb building at Pine and William Streets, Manhattan, last week. People went running. There was a fire in the building basement. Firemen on trucks swore at the pedestrians. The smoke was very thick. It smelled catastrophic. Firemen on foot, carrying extinguishers elbowed? passage through the crowds. Policemen were angry. Gum-chewers gaped. There were at least 15,000 Wall Street clerks there, crowded so thickly that they forced Kuhn, Loeb & Co.'s employes to fight their way out of the smoked banking offices to watch their own fire...
60th Anniversary. The fire damage was trivial (old boxes, rubbish and wastes in a fireproof sub-basement). Yet it caused more excitement in Kuhn, Loeb & Co.'s marbled offices than did the celebration, the same week, ef the firm's 60th anniversary. Bankers of the neighborhood, had sent in some flowers; there were felicitations; and that was all. Kuhn, Loeb & Co. employes are trained to show no emotions. They treated the $3,000,000 of South African gold their company bought last week (the largest purchase of gold from London in several months) as a bookkeeping item. Nor did they...
That is the largest amount of money that any U. S. railroad has ever borrowed through a single banking house. But in the 60-year history of Kuhn, Loeb & Co., it represents but a hundredth part of their money transactions. In 1867 Abraham Kuhn and Solomon Loeb left the Jewish community in Cincinnati where they had become prosperous commission men. They realized better than most men that the Civil War meant a change to U. S. civilization, that the railroads ?then grimy, haphazard affairs, spattered with tobacco juice?would become a great factor in that civilization. They went...
...Kuhn, Loeb & Co. have been the bankers for these corporations, among others...
...Kuhn, Loeb & Co.'s greatest contribution to U. S. finance has been its pioneering in great international loans. It sold U. S. securities to its European customers and European securities to its U. S. customers, when other U. S. investment dealers had no understanding of such commerce. When Japan was fighting Russia in 1905, Jacob Schiff (1847-1920) then senior partner of Kuhn, Loeb & Co. was in London. The Japanese Government wanted $50,000,000. London bankers said they would risk $25,000,000. Jacob Schiff said that his firm would take the other $25,000,000. Subsequently, Kuhn, Loeb...