Word: partner
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Dates: during 1950-1959
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Alexander is not the Eastern, blue-blooded banker once associated with the idea of Morgan & Co. He was born in Murfreesboro, Tenn., son of a grain and feed merchant, went to Vanderbilt ('23) and Yale Law School. He worked on Morgan affairs as a partner of the giant Wall Street law firm of Davis Polk, so impressed J. P. Morgan Jr. that he became a Morgan partner in 1939. He became chairman in 1955, with a reputation for topflight banking and for building Morgan's staff. In line with Morgan's new look, Alexander does...
...Netherlands. Premier Willem Drees and his Labor Party (Socialists), who hold 50 out of 150 seats in Parliament, wanted to extend last year's higher taxes for two more years. The Catholic People's Party (49 seats) partner of the Socialists for twelve years, wanted a one-year extension. Down went Drees...
...since 1956 has permitted the private purchase of gold bullion, and some banks have developed a modest sideline in the purchase, sale and storage of gold bars for clients. Last week the Toronto firm of Doherty Roadhouse & Co. advertised a fresh wrinkle: margin buying. Within an hour after Partner John Rogers opened the books on the new scheme, $140,000 in orders snowed down on his desk; inquiries crackled in by the hundreds from...
...Yurii Andreievich Zhivago's mother who is being buried. His millionaire father has committed suicide, and Yurii is being brought up as a ward of the well-to-do Gromeko family in a gracious world of chamber-music concerts, fancy-dress balls and lofty ideals. His teen-age partner, prim and proper Antonina (Tonia) Gromeko, is destined to be his bride...
What further bothers market specialists about the tax is that it prevents people from being guided by what they really think is a good investment, tends to make the market a less realistic mirror of business conditions. "With capital gains," says Walter Maynard, senior partner of Shearson, Hammill & Co., "you are betting the certainty of a 25% loss v. a problematical gain. And with that certainty of a loss, investors will refrain from making a sale even while admitting that the price of a security is high enough for them...