Word: morgans
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Dates: during 1970-1979
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...gray key of a Burroughs 7700 computer, and out whirs the answer: 113. Then he touches another key, and the computer spits the names of those 113 paying customers. Among them are the departments of State, Treasury, Commerce and Justice and two dozen other federal agencies. Then there are Morgan Guaranty, Bank of America, Citibank and a score more banks, and American Can, Dow Chemical, Exxon, Shell, among many other industrial giants...
...well-known story about Thom has to do with the time he went into New York City to pick up baseball tickets from a Shinnecock member named Charles Steele, a partner in the firm of the famous financier J.P. Morgan. When he arrived, Steele was in a board meeting with Morgan himself, so Thom sent in a note that read: "THE KING OF SHINNECOCK IS WAITING TO SEE MR. STEELE." Thom was then welcomed into the meeting and introduced around. Before he left, Morgan handed him a $20 gold piece, saying, "I don't ever want anyone...
...there were 490 Big Board member firms dealing with the public; at the end of June there were 371. Employment of registered representatives, those commission agents who handle customers' orders, has dropped by more than 13% in the past six years. The merger wave is still rolling: Morgan Stanley & Co. Inc., the Rolls Royce of the industry, has an agreement in principle to merge with the small San Francisco firm of Shuman, Agnew & Co. Inc. in order to get salesmen who know how to deal with small investors. Now that common stocks are no longer a favored investment vehicle...
Should a bank grant a personal loan to the head of another bank that makes an interest-free deposit? Said a high officer of one of Manny Hanny's competitors: "Citibank wouldn't do it. Chase Manhattan wouldn't do it. Morgan Guaranty wouldn't do it." Now Comptroller Heimann will assess whether or not anything was improper. His investigation has been expanded to include all of Lance's loans from NBG correspondent banks -four of the five loans that...
...pesky psychological climate is overhanging the securities markets. Complains Hiram Moody, of the trust and investment division at New York City's Morgan Guaranty Trust Co.: "Everybody's hyper. I mean, first you are worried about the economy's going to be too strong and you are going to have inflation, and then you worry, my God, we are going to drop off into a mini-recession or worse. The worries change, but what remains constant is the worry -a generalized kind of worry, a malaise, a free-floating anxiety...