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...sales from his Kansas City office, and New York Broker Chauncey Waddell. ¶ Lord, Abbett & Co., of Manhattan, was brought into the fund field in 1932 by Andrew J. Lord, who was killed when his horse threw him in 1946; it is now run by humor-loving Harry I. Prankard, 56, the author of several books on accounting. It manages one balanced and one common stock fund with assets of $580 million (Affiliated Fund and American Business Shares), is now concentrating on consumer-industry stocks...

Author: /time Magazine | Title: WALL STREET: The Prudent Man | 6/1/1959 | See Source »

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