Word: mergers
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Dates: during 1930-1939
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Three or four years ago when every long-distance flight or airline merger made front page news, the public was well aware of the name of Fairchild. Besides being the name of the world's most famed aerial camera, it denoted a good airplane. Fairchild cabin jobs flew mail & passengers, flew prospectors to Canadian gold fields, news photographers to disaster scenes. Like nearly everything else in aviation Fairchild had its slump. As a subsidiary of Aviation Corp. it lost $2,100,000 in 1929, $870,000 in 1930. Next year Sherman Mills Fairchild, its shrewd young president, pulled...
...formation of the Federal Reserve System in 1914 took away from the Chase some of its job as a bank for bankers, but Mr. Wiggin was already off on a new tack-building up the Chase as a great commercial bank. It grew, partly by merger, to be the biggest bank in the U. S. Mr. Wiggin was never thrown off his great ground-covering stride. His bank was not rated an archly conservative institution- no bank which grew so fast could be- but it was an immensely successful (i. e. well run) commercial bank with a finger in many...
...After three years of desultory dickering, plans for the merger of Standard Oil Co. (New Jersey) and Standard Oil Co. of California were definitely dropped last week. The huge merger would have created a $2,500,000,000 corporation, controlling 10% of all U. S. crude production, 18% of all gasoline sales. In their joint statement Stanco's Teagle and Sococal's Kingsbury gave no explanation, but it was an open secret that the immediate cause was failure to agree on terms. Oil men thought, however, that a more potent reason for abandoning the deal was the question...
...this year, shifted spasmodically but over more frequently to the Anschluss, a term which includes almost any sort of union between Germany and Austria. Europe has been losing many hours of sleep over this question, not simply as a subject for disinterested betting as to whether or not the merger would be effected, but because its completion would undoubtedly mean war. For despite nonchalant reports to the contrary, neither France nor Italy have the slightest intention of allowing the Anschluss...
...year; Mr. Wiggin $12,000. Mr. Reynolds was succeeded by James Reader Leavell, present president of Chicago's Continental Illinois National who serves on the Armour committee without salary. Besides salary Samuel McRoberts was paid $10,000 in 1932 for special services connected with negotiations for the merger of Virginia-Carolina Chemical Co. with Armour Fertilizer Works...