Word: mergers
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Dates: during 1930-1939
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...these four should combine, the consolidated resources would be just under a billion dollars, enough to rank the combined institution as fourth in New York, sixth in the nation. And last week there was every indication that soon a merger, the first New York merger ever to combine four active banks at one time, will be accomplished. Universal opinion was that the combined banks would use the name and charter of Manufacturers Trust Co., and that Manufacturers' chairman, Nathan S. Jonas, would continue as head. Famed for many Jewish philanthropic activities is able Banker Jonas. Once he worked...
After his entrance into banking he put his bank through many mergers from which Manufacturers Trust evolved, continued growing. He is proud of his branch system, as each branch is equipped as a complete unit with all services. Each of the four banks involved in the merger has many branches, and if these are retained Banker Jonas will head a 148-branch system, largest in the New York area. Even if conflicting branches are eliminated, the total number will probably be in excess of Bank of Manhattan...
Steel Shift. Siding with the Youngstown Sheet & Tube management against Cyrus Stephen Eaton in the longdrawn Youngstown-Bethlehem merger fight, have been Pickands, Mather & Co., Cleveland ironmen. Last week Pickands, Mather & Co. acquired a substantial interest in Empire Steel Corp. (not to be confused with Canada's British Empire Steel Corp. Ltd.) whose six plants are in the heart of territory covered by Mr. Eaton's Republic Steel Corp. Empire specializes in sheet steel for the automobile, refrigerator and metal furniture trades. It was formed in 1927, soon acquired several small steel companies...
...career started in Ely, Nevada, where around 1906 he was a practical mining man. In 1920 with Thomas F. Cole he raised enough money to finance the Comstock merger. He be came head of the combined companies, retained the position after the Cecil Rhodes South African group bought control...
...dissension and seize upon it to accomplish selfish ends. . . . We must . . . warn you against any scheme . . . which may have as its object stock manipulation for the benefit of the few." Between-the-lines readers saw in this statement a suggestion that a Morrow victory might result in a merger between Ward and Gold Dust...