Word: penns
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Dates: during 1930-1939
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Philadelphia seethed. The ordinance was obviously though not expressly aimed at four of the oldest and richest ornaments of the city's business life: Penn Mutual Life Insurance Co. (Assets: $636,875,000), Provident Mutual Life Insurance Co. of Philadelphia ($315,543,000), Fidelity Mutual Life Insurance Co. ($112,438,000) and the Presbyterian Ministers' Fund for Life Insurance ($26,000,000). Most of these companies' investments and other assets are held at their headquarters in Philadelphia. Protesting that they were mortally threatened, the life insurance companies talked of moving to suburban Ardmore or Bryn Mawr, launched...
...ordinance, promised to veto it if it were ever submitted to him again. This apparently unqualified defeat was not so complete as it appeared. The Council had arranged a compromise whereby the insurance companies will accept a 2% tax on all premiums paid by policyholders living in Philadelphia. Penn Mutual will thereby pay about $100,000 annually. To the mayor this week was to go the honor of announcing this agreement...
Presbyterian Ministers' Fund, a company which had once before been threatened with diversion of its policyholders' money and had at that time actually moved out of Philadelphia. The occasion was the British occupation of Philadelphia by General William Howe in the Revolution. Chartered in 1759 by Thomas Penn and Richard Penn, Proprietaries and Governors-in-Chief of the Province of Pennsylvania and counties of New Castle, Kent and Sussex upon Delaware, as "The Corporation for Relief of Poor and Distressed Presbyterian Ministers and of the Poor and Distressed Widows and Children...
...First Rebel to support his claim, that distinction really belongs to a band of Pennsylvania frontiersmen known as the Black Boys who, ten years before Lexington, captured two British forts, destroyed licensed pack trains carrying guns to the Indians, thumbed their noses while British generals and Royal Governor John Penn fumed and threatened or merely whimpered helplessly that "they use the Troops upon every occasion with such indignity & abuse that Flesh and Blood cannot bear it." Leader of these slippery, hard-hitting rebels (who insisted, however, they were as loyal subjects as any), was a man named James Smith. Central...
...Vandergrift decided to confine his practice to the limestone formations of West Virginia, moved to Spencer, arriving there in 1934 with a few gallons of acid, a few dollars, no orders, much confidence. Now he has dozens of admiring customers, including subsidiaries of Standard Oil of New Jersey, South Penn Oil Co.. Columbia Gas & Electric. Carnegie Steel, Chesebrough Manufacturing Co. Some Vandergrift results...