Word: richards
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Dates: during 1930-1939
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This curious order was uttered early one morning last week in the old cell block of Sing Sing prison, whose gates had closed behind Richard Whitney, five-time president of the New York Stock Exchange (TIME, March 21). Starting a five-to-ten year sentence for grand larceny, holding his substantial, six-foot-two figure erect and his chin lifted, Mr. Whitney-Prisoner No. 94,835-displayed such extreme fortitude that it seemed at times like a pose. He was assigned to a tiny, damp, malodorous cell whose only plumbing was a bucket and he asked for no favors...
...Sing, convicts tend to form groups, and each group has a leader. The phenomenon of leadership in prisons is of considerable interest to prison officials, because they think that leaders are troublemakers. It is also of interest to sociologists as a part of general convict psychology. In Sing Sing, Richard Whitney is a celebrity and a man apart, but he is not likely to become a group leader. This was indicated last week by a thoroughgoing analysis of leadership in prison which appeared in the Journal of Criminal Law and Criminology. The author is Sociologist Donald Clemmer of the Illinois...
...plays poor golf, does not ride to hounds, has no relatives at J. P. Morgan's. At 27 he has been in Wall Street barely long enough to learn the ropes with his Uncle Harold at Hoppin Bros. Last week young Broker Haughey found himself scheduled to get Richard Whitney's seat on the New York Stock Exchange.. He had not asked for it, had merely filed a bid of $59,000. Since this was $7,000 above the previous sale, which had set a 20-year low, the Exchange quickly accepted it. With Dick Whitney just...
...gets no seat, merely a letter signed by the secretary of the Exchange notifying him that he has been elected a member. He will then sign the constitution of the Exchange, may hang in his office an etching of the Exchange signed by the president. From 1930 to 1935 Richard Whitney signed about 2,000 such etchings. By last week the Exchange had quietly recalled 200 of them, substituted the name of the present president, Charles...
...last week scheduled public hearings to question Morgan Partners George Whitney, Francis Bartow and Harry Davison on their knowledge of Richard Whitney's failure. Called to the stand meanwhile was Dick Whitney's predecessor as president of the Exchange, Edward H. H. Simmons, who testified that he knew last November that Dick Whitney had been using the Stock Exchange Gratuity Fund improperly but had not reported it to his fellow Exchange governors because George Whitney made good the deficit. Asked if he considered this the full measure of his duty, he remarked: "It is easy...