Word: morgans
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Dates: during 1950-1959
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SINCE 1873 the most famed address in the U.S. financial world has been "The Corner" at 23 Wall Street, home of the House of Morgan. From The Corner last week came news that J. P. Morgan & Co.. Inc. will merge with Guaranty Trust Co. of New York, provided the trustbusters approve, to form the fourth largest bank in the U.S., with resources of $4 billion, capital funds of more than $500 million...
Though J. P. Morgan is synonymous with big banking, the Morgan bank is actually only 22nd in the U.S., with deposits of $790.8 million; the Guaranty is ninth, with deposits of $2.5 billion. The merger, said Morgan Board Chairman Henry Clay Alexander, 56, will enable both banks "to serve our clients' increasing needs and our country's growth even better." The merger was characterized in Wall Street as "Jonah swallowing the whale," since Alexander will be chairman and chief executive officer of the Morgan Guaranty Trust Co of New York; Guaranty President Dale E. Sharp, 55, becomes president...
...Henry Dionisio should give the Crimson trouble in the middle distance races, McCurdy predicted, and Donald Silpe may prove too strong for Sandy Dodge in the dash. Terrier miler Bob Wells and high jumper Neil Morgan will allow the favored Crimson trackmen little margin for error, and Arthur Reed could give Landau a tough time in the hurdle event...
...their thoughts to themselves. Result: a vacuum of leadership. Those businessmen who profess moderation run the risk, if not of dynamite, of economic reprisals such as loss of jobs, promotions, trouble with city licenses, city contracts, harassment on petty auto mobile offenses, tightening up on loans, etc. Mayor James Morgan, popular with businessmen, in office since 1937, is privately telling friends that he intends to resign next year - "I used to enjoy going to the City Hall. I don't any more." Housewives who profess moderation run the risk of social ostracism. White ministers, asked to help improve communications...
...MORGAN DAVIES...