Word: parkers
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Dates: during 1930-1939
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Married. Sydney B. Sullivan, 23, daughter of Journalist Mark Sullivan; and Jameson Parker, Baltimore lawyer; in Baltimore...
...silenced. George Bernard Shaw at a British garden party by telling him about his Honors Courses. President Aydelotte got Swarthmore a Rhodes Scholar football coach and numerous professors. Other colleges have taken some of his best men-Dean Valentine, President Raymond Walters of the University of Cincinnati, President Frank Parker Day of Union College, Dean Frances Burlingame of Elmira College. President Aydelotte introduced scholarships of a Rhodes type at Swarthmore, doubled the number for next year hoping to get more and abler students. Among Swarthmore alumni are onetime Governors Sweet of Colorado, Sproul of Pennsylvania, Alice Paul of the National...
...large part to the place vacated by the late Dwight Morrow, and George Whitney who handles much of the firm's stock exchange business. Recent acquisitions are Harold Stanley, public utility expert, obtained from Manhattan's Guaranty Co. when Morgan & Co. plunged into utility financing, and S. Parker Gilbert, first famed as a brilliant young Treasury aid to Secretary Mellon. At the age of 30 he went with his bride to Europe to manage reparations. Returning, an expert on public and international finance, he lounged on the beaches of Hawaii for a few months before sinking himself...
They work for no salaries. When they join the firm (or when a partner retires) the assets of the partnership are sold at their market value to the new group. New partners may or not bring in new capital-if they are self-made men such as S. Parker Gilbert they frequently have none to begin with-but they sign the articles of partnership which makes them individually liable for all the debts of the firm and they are assigned a fixed share in all future profits and losses. Last week John W. Davis, eminent counsel of the firm, admitted...
Income Taxes. Q. Did Morgan use the admission of S. Parker Gilbert to partnership as a means of establishing a $21,000,000 loss to avoid paying income taxes in 1931, 1932 and 1933? A. For 20 years the firm has always taken profits or losses by sales of assets every time a new partner was admitted or old partners retired; actually the firm had other losses in 1931 and 1932 so that no taxes would have been paid even without establishment of the $21,000,000 loss.∙ Q. Has not the firm used the capital gains and losses...