Word: morgans
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Dates: during 1960-1969
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Died. Thomas S. Lament, 68, retired vice chairman of the board of Morgan Guaranty Trust Co. and one of the last links with the freewheeling Morgan era of U.S. banking; after open-heart surgery; in Manhattan. The son of one of Morgan's closest associates, Lament went to work for J. P. Morgan & Co. in 1922, becoming a director and vice president in 1940, was prominent in the 1959 merger with the Guaranty Trust Co. to form the nation's fourth largest bank (current assets: $7.6 billion), then retired in 1964 to the somewhat less rigorous life...
Lamont, vice-chairman of the Morgan Guarantee Trust Company and a Fellow of the Harvard Corporation, wrote in his will that there is an "ever more impelling need for continuous improvement in the standards of American schools and colleges" for which corporations often provide too little financial support...
...director of Texas Gulf Sulfur, Lamont, who was the only one of the 13 who did not profit personally, was accused of giving information about the discovery to Morgan Guaranty Trust, which bought 8000 shares for its clients. He was acquitted of the charges this summer...
Lamont was vice-chairman of the Board of Directors of the Morgan Guaranty Trust Company until 1964, and served as a director of various other corporations...
Died. Lieut. General Sir Frederick E. Morgan, 73, Eisenhower's deputy chief of staff during World War IIs Normandy invasion, who served briefly as administrator of the U.N.'s relief agency, UNRRA, in postwar Germany, but was forced to resign when he outraged his boss, Fiorello La Guardia, by bluntly charging that Soviet spies were using UNRRA as a cover; of a stroke; in Northwood, England...