Word: morgans
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Dates: during 1940-1949
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...Debutante Gloria Laura Morgan Vanderbilt, who will be 16 in February, Surrogate's Court allows $25,750 a year for personal expenses...
Elliott C. Cutler '09, president of the Alumni Association, Ralph B. Perry, Jr. '29, editorial writer of the Bulletin, Clarence A. Bunker '89, James Morgan, editorial director of the Globe, Henry W. Holmes '03, Dean of the Graduate School of Education, and David M. Little '18, Secretary to the University, will also serve
...Competitive bidding, an issue in the case only if Morgan Stanley and its syndicate partner, Bonbright & Co., were found to be "affiliates" of C. & S. ("standing in such relation [to C. & S.] that there is liable to be an absence of arms' length bargaining"). The Commission chairman, Majority Spokesman Jerome Frank made clear the irrelevance of competitive bidding "since there is concededly no rule row in effect which requires such bidding." To speed matters up, Morgan Stanley and Bonbright agreed to "impound" their cut of the proposed $28,594,000 bond issue, do all their work for glory alone...
...Underwriter's cut on the bonds amounting to a two-point spread including a 3/8 of a point managers' fee for Morgan Stanley and Bonbright. The Commission conceded that it had previously sanctioned such spreads and fees in other deals. Moreover, the Commission made a point of asking Interveners Otis and Halsey Stuart, who tried to crash the syndicate gate (TIME, Dec. 11), if they would have offered Consumers a better bid. But investment banking's No. 1 "outsiders" refused to get down to brass tacks, simply repeated that they wanted competitive bidding. Decision...
Died. Arsene Paulin Pujo, 78, tall, stately, renowned chairman of the trust-busting Pujo Congressional committee of 1911-13; of pneumonia, in Lake Charles, La. The Pujo committee was the first to third-degree J. P. Morgan Sr. and his "inner circle" of finance control; it was basic for the Federal Reserve Act of 1913, the Clayton Anti-Trust Act of 1914, the Securities Act of 1933, the Securities Exchange...