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Into the London bankruptcy court marched Henry William Montagu Paulet, 16th Marquess of Winchester, head of a family which came to England with William the Conqueror. Land-poor after the War, he had sought employment. Clarence Hatry (stock swindler whose failure precipitated the 1929 stockmarket crash), gave him a $75,000-a-year job as "director." Later Lord Winchester resigned because he "did not agree with [Hatry's] methods of business," but he was nevertheless held responsible for the sale of some fake stocks. To pay these debts, the Marquess speculated, was caught by 1930 bears. Last week...

Author: /time Magazine | Title: People, Feb. 23, 1931 | 2/23/1931 | See Source »

Neither specific nor satisfactory, the Daily Herald's story was nevertheless a bold first attempt to plumb the mystery of what Governor Montagu Collet Norman of the Bank of England and Governor George Leslie Harrison of the Federal Reserve Bank of New York did differ about last November. Mr. Norman had joined Mr. Harrison on the S. S. Bremen at Southampton, seemingly to accompany him to New York. But when the Bremen reached Cherbourg the Governor of the Bank of England got off with his valet and his bags, rushed back to London, has not since been to Manhattan (TIME...

Author: /time Magazine | Title: INTERNATIONAL: Again Gold: Perfidious Paris | 2/2/1931 | See Source »

...Here, shortly before Chicago's famed Valentine Day Massacre of 1929, Alphonse ("Scarface Al") Capone & friends were entertained at a memorable party by a prominent New York Jew and his Chicago countess. Jews, incidentally, are not welcome at the New Colonial Hotel. Less race-conscious is the Fort Montagu, at the eastern end of the town, diagonally opposite Quarantine (where James Simpson of Chicago & friends were once quarantined on a yacht for many days). Like the New Colonial's "Lighthouse" is the Fort Montagu's "Jungle," a place removed from sleepy guests where the gay and wakeful...

Author: /time Magazine | Title: Foreign News: Winter Islands | 1/26/1931 | See Source »

...situation could be remedied within a month by joint action of the principal gold-using countries through the taking of necessary steps by the central banks." This amounted to saying that if things do not look up within 30 days five men will be largely to blame: Governor Montagu Collet Norman of the Bank of England. Governor Eugene Meyer of the Federal Reserve Board (U. S.). Governor Clement Moret of the Bank of France...

Author: /time Magazine | Title: INTERNATIONAL: D'Abernon On Gold | 1/5/1931 | See Source »

...among hostelries. It was formed in 1825 by Alexander Brown, previously a linen merchant, and in 1833 devoted itself exclusively to finance. For 75 years the firm has been friendly with all Scandinavian countries. In England it is well known through its associate, Brown, Shipley & Co., in which Montagu Norman was a partner before he became head of the Bank of England. In Brown Bros, originated the Traveler's Letter of Credit. From the day when the first great foreign loan was placed in the U. S. in the form of a $500,000,000 Anglo-French issue, Brown Bros...

Author: /time Magazine | Title: Business: Brown-Harriman | 12/22/1930 | See Source »

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