Word: offing
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Dates: during 1920-1929
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In. Fourth largest of New York banks is Equitable Trust Co. with resources of $953,000,000. Last fortnight its president. Chellis A. Austin died (TIME, Dec. 23). Last week Lawyer Winthrop Williams Aldrich was elected to succeed him. A yacht-goer, Lawyer Aldrich is 44, also a director of...
Out. When Guaranty Trust Co. merged with National Bank of Commerce (TIME, March 11) chairman of the combined organization and responsible for the details of consolidation was James Strange Alexander, for 44 years with the Bank of Commerce. Last week Banker Alexander, 64, announced that, in business 50 years, he...
Merger. There is many a venerable bank which only after years of business considers a merger. But last week directors of Underwriters Trust Co. of New York, three weeks old, admitted they were already discussing a merger with the two-year-old Sixth Avenue Bank.
Best argument for a pool wishing to move a stock up is talk of "secret processes and patents." Last February the International Combustion Engineering Corp., world's leading manufacturer of boilers, automatic stokers, ash handlers and power plant devices, opened a new plant at New Brunswick, N. J. Function...