Word: raskobs
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Dates: during 1930-1939
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...Chase Bank's list of syndicate loans were found the names of Alfred Emanuel Smith and John Jacob Raskob. Not troubling to learn more, the Press whooped that Al Smith had been caught dabbling his fingers in a stock-market pool. That night Mr. Raskob hopped down to Washington as a voluntary witness to set the Senators aright...
Messrs. Smith & Raskob had indeed been members of a syndicate to buy stock of their pet little Manhattan bank, County Trust Co. In fact they had been members of two pools. One dark Friday in November 1929 President James J. Riordan of County Trust had shot himself to death in his home. "We, with the help of Governor Smith, were able to keep the news of his unfortunate death from the news papers until Saturday noon when the bank closed," related Mr. Raskob. President Riordan's suicide had nothing to do with the bank but the directors were fearful...
...Kelly whom they wanted as a successor to Mr. Riordan. The stock declined, however, and Mr. Kelly let his option lapse. Once again the members were called upon to take up their stock and the loan was paid off. So suavely precise, so frank with his facts was Mr. Raskob that even the Senators could find no fault with his story...
John Jacob Raskob, onetime Democratic national chairman who opposed the Roosevelt nomination declared: "Let's follow our leader. He may not be right all the time but he is making progress...
...mass in Sioux City, Iowa's cathedral, collectors found that a stranger in the congregation had put a $50 bill in the collection box. They decided it was a mistake, offered to return it. Said the stranger: "That was no mistake." Attendants learned he was John Jacob Raskob, onetime chairman of General Motors finance committee. In the Hollywood Bowl Sir Herbert Hamilton Harty was conducting the orchestra while a young woman rehearsed a 'cello solo. When the orchestra finished playing, her father stepped up to the podium, punched Conductor Harty exclaimed : "The orchestra played so loud I couldn...