Word: schroder
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Dates: during 1920-1929
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International Railways of Central America is not a United Fruit subsidiary. It was originally financed from London as, in 1904, U. S. capital did not venture much beyond U. S. borders. Gradual transition from British to U. S. ownership was completed in 1927 when J. Henry Schroder Banking Corp. of Manhattan became financial sponsor. The directorate is now exclusively Manhattan. Though independent, I. R. C. A. nevertheless maintains close relations with United Fruit. Minor Keith is its board chairman. And the two companies have a 33⅓% discount agreement by which United Fruit passengers and freight travel...
After a few days' quiet sojourn in Manhattan, the Loewensteins left for Chicago, Canada and the Pacific Coast, whence they will return to sail again for Europe. At the Manhattan office of J. Henry Schroder Banking Corp., banking associates of Captain Loewenstein, officials of the firm declared that at least $100,000 would be spent "without ostentation" on the tour...
...firm of Dillon, Read & Co. and the British firm of J. H. Schroder & Co. purchased for some $4,000,000 a large interest in the Deutsche Luxemburgische Gesellschaft, one of the largest industrial concerns which the late Herr Hugo Stinnes founded and one which, with the Gelsenkirchen, Bochumerverein and Siemens concerns-the so-called Rhine-Elbe Union-controls the output of German coal, coke, iron, steel...
...working capital to place them on a money-making basis. Altogether about $15,000,000 was needed. International conferences between London and Manhattan bankers ensued. Finally arragements were made to secure a third of this sum by floating a sterling loan in London under the leadership of J. Henry Schroder & Co. there. The remaining $10,000,000 will be obtained by a U. S. bond issue, to be floated by Manhattan bankers, including Speyer & Co., the Equitable Trust, Chase Securities Corp., Blair & Co. and the Bank of the Manhattan Co. The German roads are organized by the Experts' Plan...