Word: martinisms
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Dates: during 1930-1939
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...Martin has so many of the so-called "sterling virtues" that it is something of a surprise to find he is genuinely popular...
...these traits are traceable to William McChesney Martin Sr. That Kentucky-born fundamentalist worked his way through law school by teaching, soon shifted from law to banking, has long been president of the Federal Reserve Bank in St. Louis. This is a high-sounding but not very potent job and the Martins continue to live quietly in the modest three-story house at No. 5055 Waterman Avenue, a nice but not ultra-fashionable district...
...Martin Sr. believes in the mens sana in corpore sano. So does Martin Jr., who as a boy had a violent temper, would some times smash his golf clubs. But as his game improved, so did his self-restraint...
...graduation only three of his classmates thought him "most likely to succeed." Having majored in English literature, Bill Martin had ideas of teaching, instead became a clerk in his father's bank at $67.50 a month. Thence he moved to the St. Louis firm of A. G. Edwards & Sons as a statistician, in 1931 was sent to Manhattan as its Exchange member. Immediately intrigued by the machinery of the Exchange, he often stood, mouth agape, watching speculation flow around him on the floor. Soon he was an expert at all phases of the market, could quote the capitalizations...
Partnership. Distinctly the student in appearance, President Martin is short, ruddy, wears spectacles and double-breasted suits, talks with quiet assurance. No one is more aware than he that he faces a tough job. Last week he remarked: "The honeymoon is over. Now I'll have to produce." First items on his agenda are five, the same five that head the list of William O. Douglas. Both Douglas and Martin say they are 100% in agreement. Soon to be broached to the Exchange, therefore, are: 1) a depository for customers' funds now kept helter-skelter in brokerage houses...