Word: morgans
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Dates: during 1980-1989
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...Even before Roosevelt came to power, there was a widespread feeling that the crash of 1929 had been something other than an act of God, and the Senate Banking Committee set out to prove it. The hearings from 1932 to 1934 were a revelation. The banker J.P. Morgan, who was believed to be worth more than $100 million, testified that by fictitious sales of stock to his wife, he legally avoided paying any income taxes at all. National City Bank President Charles Mitchell admitted that the top officials of his bank had given themselves $2.4 million in interest-free loans...
...officials last week were trying to ease public concerns about price hikes. Executives passed out memos urging employees to tell outsiders that there "is nothing in the consent decree that changes local rates." But despite those soothing words, some telephone charges will be going up. Warns Ulric Weil of Morgan Stanley & Co.: "Don't be surprised if, in some parts of the country in the future, it will cost you $100 to have the telephone repairman come to your home." Most likely to suffer are people in rural areas, where telephone equipment is often aging and the number...
Analysts believe that U.S. banks have made about $1.8 billion worth of loans to Poland. Bank of America is" the biggest U.S. lender, with $175 million of debt outstanding. Other major creditors include five New York City banks: Citicorp, Chase Manhattan, Manufacturers Hanover, Morgan Guaranty and Chemical. Each has loans of more than $75 million with Poland...
...Griffith finish line. Long shot: Harry Houdini performs thrilling escapes, restaging his own birth trauma for a country just then emerging from isolationism into imperialism. Closeup: Emma Goldman, anarchist spellbinder, woos Evelyn Nesbit out of her petticoats and prejudices. Two-shot: Henry Ford and John Pierpont Morgan discuss reincarnation in the Morgan Library. A few chapters later, Coalhouse Walker Jr., a Negro piano player who dares to chart his own destiny as the two plutocrats did theirs, has seized the Morgan Library to avenge an outrage inflicted on his prized Model T. It is a splendid tale with sweeping images...
...contrast, declines in actual earnings were reported by the nation's two largest banks, New York-based Citicorp (off 11.6%) and California's BankAmerica, which suffered a 33.3% drop in profits during the period. Fifth-ranked J.P. Morgan & Co. also slipped, with a decline of 26.7% from the year-earlier period...