Word: mergered
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Dates: during 1920-1929
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...left, Eugene Morgan Stevens at his right. The three were patiently posing for their group picture. On rare previous occasions they had appeared in the same photographs, but with other bankers and tycoons. Last week's picture was to have special significance. It symbolized the largest merger of the year, the well foretold consolidation of the Reynolds brothers' Continental National Bank & Trust Co. of Chicago with the Illinois Merchants Trust Co. of Chicago of which Mr. Stevens was president (TIME, Sept. 3). Their combination as the Continental Illinois Bank & Trust Co. gives Chicago the second largest bank...
...Mergers. Memorable was the formation of the Continental Illinois Bank & Trust Co. in Chicago by the Continental National Bank & Trust Co. and the Illinois Merchants Trust Co. (see p. 38); the Commercial Investment Trust Corps' purchase of Peierls, Buhler & Co. (see p. 43), and the consolidation of two rough rolled glass makers-Highland Glass Co. at Washington, Pa., and the Western Glass Co. at Streator, Ill., Shirley, Ind., and Fullerton, Calif.-as the Highland-Western Glass Co., with $5,000,000 capital. The men who control both the United Light and Power Co. and the American Light and Traction...
Schulte-United. On the stock exchange shares of Schulte Retail Stores Corp. rose a few points. The apparent operations of a stock market pool was one cause; another, and more important, was the much mooted merger of Schulte (300 branches) with United Cigar Stores Corp. (3,000 branches). The two firms are now joined in interests in Union United Tobacco Co. (a holding company) and Schulte-United Five-Cents-to-a-Dollar Stores. United has large stockholdings in the Pennsylvania Drug Co., Schulte in the American Druggists Syndicate; United in Life Savers Inc., Beechnut Packing Co., Gillette Safety Razor...
...throughout the U. S. for the highly technical financing of productive and labor-saving machinery and equipment-the New Amsterdam Credit Corp. (Edward S. Maddock, president) and the Credit Alliance Corp. (Clarence Y. Palitz, president). The Credit Alliance Corp. having just bought all the stock of the other, their merger becomes effective, with $10,000,000 capital, $30,000,000 resources...
...Chicago, Burlington & Quincy. to be Chairman of the Executive Committee of Southern Pacific. Railroader Holden has won bright fame as chief lieutenant of astute Arthur Curtiss James, railroad capitalist and yachtsman. In the shift of Southern Pacific executives, railroaders guessed that Mr. James was weaving an "integration" (merger is forbidden by law) of western roads with a mileage of 38,500. He owns vast amounts of stock in Great Northern; Northern Pacific; Chicago, Burlington & Quincy; Southern Pacific, Denver & Salt Lake; Western Pacific; Denver & Rio Grande Western. But first step in the "integration" must be consolidation of his Great Northern...