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Word: morganized (lookup in dictionary) (lookup stats)
Dates: during 1930-1939
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Usage:

...undertook to boost securities. Now, as then, stockmarketeers made the most of it. And they were greatly aided by an accompanying hail of other good news, including a pickup in steel buying, active retail trade, a big bulge in carloadings (see p. 56), re-entry of the House of Morgan into the securities business (see below) and pegging of Canadian wheat at 87½¢ per bu. General Motors reported a striking sales gain in August over July. General Electric boosted its quarterly 15¢ dividend to 20¢. Furthermore, the stockmarket had already resumed its upward surge two days before the President...

Author: /time Magazine | Title: Business: Action & Reaction | 9/16/1935 | See Source »

Into the small, dim reception room at No. 23 Wall Street, Manhattan, filed some 30 subdued newshawks one afternoon last week. At 4 p. m. J. P. Morgan & Co. would issue one of its rare statements. Most of the newshawks knew what the statement concerned: division of the House of Morgan into two parts. One would continue commercial banking, which the firm elected to retain under the provisions of the Banking Act of 1933. The other part would re-enter the securities business in a new form and under a new name...

Author: /time Magazine | Title: Business: House Divided | 9/16/1935 | See Source »

After a short wait, a guard ushered the newsmen into the long, narrow partners' room with its line of flat-topped desks. The desks were deserted but at the far end beneath a looming portrait of John Pierpont Morgan Sr. stood the firm's traditional spokesman, Partner Thomas Lamont, flanked by Partners George Whitney and Harold Stanley. The newsmen crowded in about the fireplace while Mr. Lamont announced the resignation of three Morgan partners, two partners of Drexel & Co., the Philadelphia affiliate...

Author: /time Magazine | Title: Business: House Divided | 9/16/1935 | See Source »

...Retiring Morgan partners are Harold Stanley, William Ewing and Henry Sturgis Morgan, second son of the firm's aging head. The two Drexel partners are Perry E. Hall and Edward H. York Jr. Also leaving are two key Morgan employes, Manager John Maurice Young of the bond department and Manager Allen Northey Jones of the statistical department...

Author: /time Magazine | Title: Business: House Divided | 9/16/1935 | See Source »

...Under the name Morgan Stanley & Co., Inc. [they have] undertaken to organize and carry on a securities business of the character formerly handled by our firm," said Mr. Lamont. "We believe that the members of the new organization will be able, with the ample experience which they have heretofore had, to serve usefully the investment interests of the community...

Author: /time Magazine | Title: Business: House Divided | 9/16/1935 | See Source »

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