Word: sec
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Dates: during 1930-1939
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...tune of $2,500. for which she played exactly 17 mm. 23 sec. in a General Motors broadcast from Manhattan's Carnegie Hall. Pianist Ruth Slenczynski. 11. was launched last week on another U. S. season. Day before she had arrived from Europe wearing a red scarf and tarn her mother knitted, a grey coat which her father boasted had cost him "nearly $50.''' Declared Father Slenczynski. never reluctant to talk: "I have been her only teacher...
Last week the pleasant opportunity of being helpful fell to the banking house of Calvin Bullock. The aging founder, who got his start in Denver and then branched east to Manhattan, did not attend the SEC hearing, sending instead his husky, handsome son, Hugh Bullock. A few years out of Williams (Class of 1921), Son Hugh opened what has since grown into the head Bullock office in Manhattan. He married a cousin once removed of Pennsylvania's Gifford Pinchot, an attractive, honey-haired socialite who helped found the Academy of American Poets, which gives balls and raises money...
...SEC maintained last week that in the past eight years the public had lost $42,000,000 in Bullock trusts, most of it in the fixed trusts. Hugh Bullock admitted that the figure was "technically" correct but stoutly denied that it was necessarily a reflection on his management. He could not, he argued, be taken to task because investors sold their shares in the depth of Depression...
Another interpretation of the Bullock record was presented by SEC in the form, of comparisons of the various trusts with standard stock-market indices-a comparison which makes most investment trusters boil with rage and resentment. According to SEC, the record of all Bullock trusts except two was worse than the Dow Jones or the Standard Statistics market averages. According to Calvin Bullock, the periods selected for comparison were unfair, and by their computations a number of the trusts showed better performance than the averages...
During his three days in Washington Hugh Bullock contributed two historical notes to the SEC study. Having suggested that future legislation be confined to banning deals between trusts and trust officials, insuring voting rights to stockholders, guaranteeing "the bright sunlight" of publicity through detailed quarterly reports in standardized form, the well-dressed young banker declared...