Word: p
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
From temperance club to neighborhood pub, these heart-searing words have echoed in countless performances since they were put down more than a century ago by an actor named William Sedley and picked up by P. T. Barnum, first big producer of The Drunkard, or The Fallen Saved. Last week The Drunkard's lachrymose prose reverberated no more in Los Angeles, where the show was revived in 1933 at the small, stucco Theatre Mart and reeled on for the longest run in U.S. theatrical history: 9,477 performances. The play was a victim of exhaustion and the local fire...
Henry Alexander's prestige does not depend on tradition alone; it rests on what he has done to rescue the House of Morgan from decline and restore it once more to the first ranks of U.S. finance. Less than a year ago, J. P. Morgan & Co. was in tenth place among New York commercial banks and 28th in the U.S. It was hard pressed for enough money to lend its rapidly increasing number of customers. Then Alexander pulled off a coup that Wall Street dubbed "Jonah swallowing the whale." He worked out a merger with the much larger Guaranty...
...House of Morgan. Where Morgan was gruff and autocratic, with a fierce glare that could wither a man at 30 paces. Alexander is relaxed, cordial, full of a dry wit. He speaks with a Tennessee drawi. talks about mules as easily as about the national debt. While J. P. Morgan roamed the world in his 302-ft. yacht Corsair, Alexander's yacht is a loft. dinghy moored at his Cape Cod summer home. While Morgan traveled in private railway cars, Alexander gets about in a 1957 Chevrolet station wagon or a Corvette. While Morgan's hobby was spending...
Attracting the Elite. Bird Dog Alexander has kept his bank on the path that has always been the specialty of both J. P. Morgan and Guaranty: catering to the top level of business, finance and government. Morgan Guaranty is the biggest U.S. bank that is strictly "wholesale"-and one of the few wholesale banks left. Says Alexander:"We don't want to be just another big bank. We want to be a special kind of bank, where all the expertness that American business wants can be found...
...that put up a reputed $240 million to support the market. But the move had little effect. While Morgan's interests were relatively unscathed by the crash, the Depression spelled the end of concentrated banking power. The New Deal launched a campaign against "the princes of privilege." J. P. Morgan II was hauled down to Washington to appear before a whole series of investigations. Control of U.S. finance passed from Wall Street to Washington. Regulatory bodies were established, restrictive bills passed, the Federal Reserve strengthened. The Banking Act of 1933 forced Morgan to split off its investment-banking activities...