Word: moritz
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...error of his ways. After that Mr. Warburg ceased being an adviser. The Money Muddle is his full-length attack on the financial abracadabra of the New Deal. "In the hope that he would have liked this book" it is dedicated to his father, the late great Paul Moritz Warburg of Federal Reserve System fame. It represents a not too conservative banker's criticism of the Roosevelt monetary policies. Wrong is the gold-buying policy: it has already been proven ineffective. Wrong is currency manipulation: it destroys credit, does not raise the right prices. Wrong is silver monetization...
...Gerald, the 'cellist; Paul ("Piggy") who is a vice president of Bank of the Manhattan Co.; Edward, the secretary-treasurer of the new School of American Ballet. James Paul Warburg who writes popular songs with his wife, Katherine ("Kay") Swift, is a cousin, son of the late Paul Moritz Warburg. * The endowment was for $5,000 a year. During Depression it shrank...
James Warburg, son of the late great Paul Moritz Warburg, no longer sees eye to economic eye with the President. Last week he poured polite but pointed damnation on the economic theories of the three who spoke before him. Mentioning money changers," Mr. Warburg said: "The first time I heard this phrase was when it fell from the lips of the President in his Inaugural Address. I did not like it then. . . . What is a money changer? If it is one who desired to change money, that is to alter money, then I wonder which one of us four...
Stingier than Scotsmen, Swiss taxpayers make it their business to enforce respect for the property of Swiss Federal Railways which they acutely feel to be their own. Last week one Christine Maple, a pretty Los Angeles young woman on her way from St. Moritz to Paris, stanchly resisted the efforts of Swiss passengers to make her take her feet off the opposite seat. When the train pulled into Zurich the enraged Swiss handed her to a Swiss gendarme who handed her to a Swiss judge who fined her 50 Swiss francs...
Last September Hupp Motor Car Corp.'s biggest stockholder, Promoter Archie Moulton Andrews, backed a proxy campaign to oust the entire management of Hupp, particularly Directors Charles Hayden and Moritz Rosenthal who are potent in Hupp affairs. The proxy appeal to stockholders said: "It is sufficient ... to point out one record which shows that the president of your company, during two years, drew $250,000 of salary while the company reported losses in excess of $8,000,000. . . . Large stockholders . . . feel that it is about time that the management of the corporation is brought to the realization that...