Word: morganized
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Dates: during 1930-1939
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...hardly started when the Allies had to appeal to the House of Morgan for help in financing their huge purchases in the U. S. First, J. P. Morgan & Co. advanced credits of a few millions. Then, when the Wilson administration gave its consent, Allied loans were floated publicly to a total of about $2,500,000,000-mostly through Morgan auspices...
...House of Morgan was not merely an Allied fiscal agent. Its partners, notably J. P. Morgan himself, the late Henry P. Davison and Thomas W. Lamont believed, long before the public did, that a defeat for the Allies would have been defeat for the U. S. (Said Partner Davison later: "Some of us in America realized that this was our war from the start") and bent their energies to help. When Allied purchasing agents in the U. S. began fruitlessly bidding against one another, the Morgans became central purchasing agent to the Allies, and Morgan Partner Edward R. Stettinius (whose...
Dollars & Men. Had the U. S. not entered the War quite a number of U. S. citizens might have made far more money. On the $500,000,000 British and French loan of October 1915 a group of American bankers headed by the House of Morgan made $9,000,000 on the spread between the purchase price (96) and the selling price (98). Of this sum the Morgan firm received $66,000. From its 1% commission as purchasing agent for England and France Morgan & Co. got $30,000,000. All that ended when the U. S. entered the War, when...
...Whitehall Letter concentrates on interpreting foreign news, has good sources of information, is pretty accurate. Published anonymously, the snooty Whitehall Letter insists that its subscribers be properly introduced. The Far East Survey is published fortnightly by a onetime editor of Kobe's Japan Chronicle, A. Morgan Young, purports to give Britishers the inside dope on what goes on in China and Japan...
...smart, aggressive Harvard-man Dave Lilienthal, who had been fighting the ogre of private ownership as a member of the Wisconsin utility commission, took over TVA. Member of a three-man board, he dominated it from the start, became chairman two years ago when old Arthur Ernest Morgan, onetime president of Antioch (work-learn) College, was fired after a spectacular battle against Lilienthal policies. From the start utilitymen never doubted that Dave Lilienthal intended to run every private utility out of the Tennessee Valley...