Word: morganized
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Dates: during 1930-1939
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...away as the man in the moon when last month a dignified, well-printed and well-written new business weekly called The Financial Observer appeared in Manhattan's downtown section (TIME, Feb. 15). At $10 a year, The Financial Observer booked 1,000 subscribers, among them J. P. Morgan. Newsstand sales went to 9,000 a week. Backer of the Observer was one John Bruce Heath. His respectable and even eminent staff* understood John Bruce Heath was a ; big capitalist from Canada. Actually this compelling little personage with a soft voice and wonderfully persuasive eyes was not John Bruce...
...LAMP ON THE PLAINS-Paul Morgan -Harper...
...readers who remember such zip-past-the-window milestones as prize novels, it may seem only yesterday that Paul Morgan won a Harper $7,500 prize with his first published book. The Fault of Angels (TIME, Aug. 28, 1933), a lightly satirical story of the Rochester, N. Y. music colony. Actually Author Horgan has since then written three others. Last week his latest went zipping past the window. This time it was less like a milestone than a winged western sandwich with the lifegiving onion omitted...
...Morgan & Co. might be appointed-not to sell the bonds in Manhattan, for that would be illegal-but only to pay coupons in dollars to holders of these French bonds who might turn up in Manhattan and ask for payment in dollars. Although Secretary of the Treasury Henry Morgenthau Jr. took this occasion publicly to wish the French loan "great success," the Treasury was obliged to inform Paris that there would indeed be Congressional perturbation over any such attempt...
This realistic viewpoint was discovered and front-paged by the New York World-Telegram in the well-carpeted offices of "two financiers closely identified with Morgan interests." Otherwise unidentified, these two bankers predicted complete unionization of U. S. industry in the near future, conceded that it might be a good thing, provided Labor was willing to assume the responsibilities of its new-found importance. Whether the House of Morgan was now lending its influence to John L. Lewis' cause no one who knew would tell. Certainly Steelman Taylor would not have acted without the advice and consent...