Word: pauls
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Dates: during 1930-1939
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...anxious to call an election, which would most likely increase Rexist strength, democratic young King Leopold turned over to his good friend, 39-year-old Paul Henri Spaak, moderate Socialist, the task of forming another coalition Cabinet. At week's end Premier-Designate Spaak, Foreign Minister to the Janson Cabinet, had ready a National Union Government of Socialists, Liberals and Catholics. "Take it or leave it," said Spaak. The parties took...
...drew 924 members to the polls, a record. Since the reform slate was unopposed, those die-hards who wished to show disapproval had only one way to do so: by scratching names off the ballots. The man whose name was scratched most-163 times-was shock-haired Broker Paul Vincent Shields of Shields & Co. For this the reason was clear: Broker Shields, more than any other Wall Streeter, is responsible for the Exchange's change of front...
Born in St. Paul 48 years ago, Paul Shields grew up in Canada where his father was president of Dominion Iron & Steel Co. He graduated from Loyola, flunked out of Cornell Law, sold real estate, took a crack at investment banking and in 1923 went into the brokerage business for himself. Presently Shields & Co. was one of the largest wire houses in Wall Street with offices in 16 U. S. cities, four abroad. Paul Shields became something of a yachtsman and golfer, and his step-daughter married Gary Cooper, but reform in Wall Street remained his chief interest...
...similarly minded gentlemen, Brokers Edward Allen Pierce and John Hanes, helped elect mild, supposedly liberal Charles R. Gay as Exchange president in place of Richard Whitney. But Gay presently swung to the right: when the market crashed last August he made a speech blaming it on SEC regulation. Paul Shields then took it upon himself to go see SEC Chairman William O. Douglas. Thenceforth, while Douglas attacked from Washington, Paul Shields and John Hanes worked from within. The Richard Whitney affair was the Trojan horse which delivered the Exchange into their hands. John Hanes then went blithely to Washington...
Chairmanship of this group went to 31-year-old William McChesney Martin Jr. Last week Paul Shields landed a berth as head of the important public relations committee. Next job ahead of the new management is the selection of the first paid president in the Exchange's history. Meanwhile Chairman Martin will fill the job. Last week, chaperoned by Bill Douglas, he bustled off to Washington, to get Franklin Roosevelt's benediction...