Word: midlands
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...into receivership (TIME, March 27), Fierce-Arrow went quietly on its normal way. Officers of Fierce-Arrow were chagrined, however, to have their pseudo-parent in receivership. Last week President Arthur J. Chanter of Fierce-Arrow announced that with the backing of George Franklin Rand, head of the Marine Midland group of banks, Jacob Frederick Schoellkopf, Seymour H. Knox and Roland Lord O'Brian, Studebaker's Fierce-Arrow holdings had been bought cut. Fierce-Arrow had a net profit of $4,770 for the second quarter of 1933 compared to a loss of $878,800 for the same...
...certain Swede lay down on his bed at No. 5 Avenue Victor-Emmanuel III, Paris and put a bullet through his heart, there has been little but grim news for holders of Kreuger & Toll securities. Last week some of them had a new shock: Manhattan's Marine Midland Trust Co., successor trustee of Kreuger & Toll secured debenture 55, announced that on Sept. 1 it would distribute $25 to each holder of a $1,000 debenture...
...Ferguson, a huge, serious red-haired Scot, who settled at the Farm because it seemed to suit him, lived on there for the rest of a long and violent life. Jamie Ferguson's daughter Ellen married a great-grandson of the Pennsylvania Dutch van Essens who settled in Midland County and started a sawmill at about the time the Colonel set up at his farm. Their son, Johnny Willingdon, grew up in the years when the Farm was running to seed. When Johnny came back, grown up, after the War, immigrants were living at the Farm and a town...
Reginald McKenna is the bald, brainy chairman of the Midland, largest bank in the world. Three years ago he induced Britain's leading bankers, traditionally free traders, to reverse themselves sensationally and come out for the building of tariff walls around the Empire (TIME, July 14, 1930), which have since been built. Five weeks before President Roosevelt's inauguration Mr. McKenna asked: "Is it possible to raise our internal price level? Particularly can we do so by monetary management? ... I confess the thought of inflation, so long as it is controlled inflation, does not alarm...
...week Banker McKenna decided that the time had come to hail loudly Price-Raiser Roosevelt as an example to His Majesty's Government, who continue to keep sterling pegged at a stable rate of exchange in relation to the French gold-standard franc. In his personal organ, the Midland Bank's monthly review, Chairman McKenna minced no words of praise, called "perfectly right'' the President's action in blocking stabilization of the dollar's exchange rate by the London Conference and in shaping U. S. fiscal policy wholly with an eye to the dollar...