Word: morgans
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Dates: during 1960-1969
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...fill three floors in two office buildings. To make sure that every penny of income and outgo is handled meticulously, GRAMCO has turned the routine operation of the fund over to the prestigious Trust Corp. of the Bahamas, which is jointly owned by such institutions as Manhattan's Morgan Guaranty Trust Co., the Royal Bank of Canada and London's Westminster Bank...
Died. Agnes Morgan, 84, professor of nutrition at the University of California (Berkeley) from 1915 to 1954 and the food expert who made vitamin a household word in the U.S.; of a heart attack; in Berkeley. In the early 1920s she pushed the idea that a vitamin a day might keep the doctor away, showed that grey hair can be caused by vitamin deficiency and that overcooking reduces the nutritional value of meat. In all, she authored more than 150 papers on nutrition and tested virtually every popular diet except, she once cracked, "the drinking man's diet...
...Morris and American Tobacco Co. With more and more of their industries being bought out by U.S. corporations, Britons were scarcely cheered to see another such move. What bothered them more was the way the takeover was handled. With the aid of two prestigious British financial advisers, Cazenove and Morgan Grenfell, American Tobacco scooped up a commanding 16.6% of Gallaher's shares by offering a select price to big shareholders. That, complained the City, violated Article Seven of the recently written "takeover code," which makes it unethical to make a purchase offer to some shareholders instead...
...fast did American and its allies move that they precipitated a moral crisis in London's financial community. The City's "Takeover Board" charged that Morgan Grenfell and Cazenove had violated its code. But shortly thereafter, the board admitted that it really had no enforcement powers. At week's end the City was treated to the spectacle of an emasculated board that reversed itself and decided that the companies in question "were within the letter and spirit of the code." American had won Gallaher's. But the end result seemed likely to be the establishment...
...MORGAN L. BALCH...