Word: mcchesney
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Dates: during 1930-1939
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...wildest week he had seen since he became President of the New York Stock Exchange in July 1938, steady, youthful William McChesney Martin Jr. went on the air, more to sound a warning to reckless speculators than to felicitate brokers on sudden prosperity. Said he: "The Exchange . . . requires that every company listing securities on this market provide essential information as to its operations, earnings and financial condition in order that this may be available for the investor. May I appeal to you earnestly to avail yourself of this factual material...
...Charles R. Gay, a worried broker who means well; arrogant, handsome Richard Whitney, leader of a clique known as the Old Guard; puckish, tart-tongued SEC Chairman William O. Douglas, reputed to be a radical of the deepest dye; Brokers Paul Shields, E. A. Pierce, John Hanes and William McChesney Martin Jr., upstarts...
...eventually, William McChesney Martin Jr. is likely to turn again to playwriting, and if he does he will have no finer subject than Wall Street's most astonishing year. This week marks the completion of that year, the most crucial in the Stock Exchange's 146 years...
...depression and Douglas' determination, Gay decided it was time to play ball. To the fury of the Old Guard, he appointed a genuinely liberal committee headed by a non-Exchange member, Carle Cotter Conway, dynamic chairman of Continental Can. Among the liberals on the Conway Committee was William McChesney Martin...
...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...