Word: phenix
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Louis Graveraet Kaufman, 59, resigned as chairman of the executive committee of Manhattan's Manufacturers Trust Co. (with which his Chatham Phenix National Bank & Trust Co. was merged in February). While president of the Michigan Bankers' Association he discovered that national banks might branch with the Comptroller of the Currency's permission. He kept mum, went to New York to purchase the old Phenix Bank. After merging the Chatham Bank, he acquired several others which he operated as branches. Bets as high as $5,000 were made that he would be stopped. Permission was granted...
...Exeter Academy; Samuel Moncher, Boston Latin School; F. D. Moore, North Shore Country Day School, Winnetka, III.; Lambert Murphy, Montclair High School, Montclair, N. J.; D. H. Murray, Groton School; P. G. Myerson, Boston Latin School; I. L. Nisson, Brookline High School; R. W. Paul, Milton Academy; P. H. Phenix, Montclair High School, Montclair, N. J.; A. S. Pier, Jr., St. Paul's School, Concord, N. H.; Henry Primakoff, Morris High School, New York City; W. J. Pyles, Choate School, Wallingford, Conn.; Leonard Raum, Lynn Classical High School; H. J. Richard, Boston Latin School; H. E. Robbins, Atlantic City High...
While Manufacturers was waxing fat under its new regime, another prominent Manhattan bank was growing lean. Last Jan. 3 the deposits of Chatham Phenix National Bank were $17,000,000 greater than those of Manufacturers; on Nov. 28 they were $94,000,000 less. The loss had been 31% and accompanying it were many rumors, one of which caused the bank to order the arrest of a customer's man (TIME, Sept. 7). The case was not pressed, but loose talk continued. Widely expected was a merger involving Chatham Phenix and another large bank, two or three being mentioned...
Last fortnight Banker Gibson returned from a Thanksgiving Day spent in the country and began to figure and plan. Last week his directorate and the Chatham Phenix directorate had a session, voted unanimously to merge the two banks. The deal, to be completed in February in all likelihood, will consist of an exchange of stock. The Gibsonized banks will have total resources of about $550,000,000, deposits in excess of $400,000,000, creating the seventh biggest Manhattan bank.* No name had been chosen last week but it was announced that Banker Gibson will be chairman of the board...
Walter Reed Hospital, Washington, hav-ing swallowed a Red Cross pin; former Governor Alfred Alexander Taylor, 83, of Tennessee, in Johnson City, possibly of pneumonia; Sophie former Queen of Greece, sister of Wilhelm Hohenzollern, in Frankfurt-am-Main, following an operation; James Lewis Kraft, chairman of Kraft-Phenix Cheese Co., in Chicago, following an operation; former President Augusto Bernardino Leguia of Peru, in Lima, of pneumonia; Major General Smedley Darlington Butler, in Sarasota, Fla., of exhaustion after 43 speaking engagements in 48 days; General John Joseph ("Blackjack") Pershing, 71, in Walter Reed Hospital, Washington, of a severe cold...