Word: morgans
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Dates: during 1930-1939
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Jerking the attention of the nation away from a bristling Europe back towards its own capital, President Roosevelt's removal of Arthur E. Morgan as T.V.A. chairman strikes a sour note in the policies of the chief executive. He has raised a delicate legal question that may drag on for months, but whatever the decision, this struggle of personalities is another proof of the peculiar opportunism which the President has always possessed. He is a chess player whose plan consists of a vast desire to win, whose method is to cope with each situation when it comes...
...head of the T.V.A., the President chose three men with opposite notions, not for the general efficiency of the organization but merely to satisfy the various interested parties. As the sparks flew between Arthur Morgan and his subordinate associations, Mr. Roosevelt though it was their turn to move, not his, and sat back satisfied. The rupture came over Senator Berry's marble claim, for Mr. Morgan was thoroughly disgusted by then with the corruption, waste, and monopolistic intention of his organization. But it was Morgan's demand for a thorough Congressional investigation that brought the President face to face with...
...transferred big batches of customers' securities to it, then apparently hypothecated them for personal loans. The first such transfer revealed was $125,000 worth of securities belonging to the New York Yacht Club. Other revelations: Dick Whitney had an unsecured loan of $474,000 from J. P. Morgan, his Far Hills estate was mortgaged in September for $300,000 and the total Whitney loss on Distilled Liquors was about $1,600,000. Said Dick Whitney that evening: "I want to say emphatically that the difficulties in which my firm has become involved are the result of actions...
Next day J. P. Morgan & Co. announced that its $474,000 unsecured loan to Whitney dated from 1932. This made it evident that in that year Dick Whitney must have had what amounted to a private failure. Then to the stand came various of Dick Whitney's partners to say that they were all in ignorance of the situation, that Dick Whitney had literally been dictator of company affairs.* By this time the Attorney General's office had the total of Whitney "transferences...
...Morgan. Arrayed with scholarship and point in the quiet rooms of the Morgan Library were illuminated manuscripts, art objects and drawings from the 9th to the 17th Century, portraying the Passion, Resurrection and Ascension of Christ. Choice items: a recently acquired 14th-century missal illuminated by the great Niccolo da Bologna; a gold and enamel 12th-Century altar; Raphael's original drawing of the Agony in the Garden for a famed altarpiece owned by the Metropolitan Museum...