Word: seligmans
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Dates: during 1920-1929
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John J. Raskob of General Motors Corporation gave a great banquet in Manhattan last week to Professor Edwin Robert Anderson Seligman of Columbia University. Invited to attend were more than 500 potent U. S. businessmen, financiers & economists-from Vice President Norman I. Adams of the National Shawmut Bank, Boston, to President L. S. Zimmerman of the Maryland Trust Co., Baltimore. They came less to eat than to hear Professor Seligman explain the first thorough analysis of the installment selling problem...
...installment system was good. However, said he: "If we were wrong we wanted to know it. If we were on fundamentally solid economic ground we wanted to know that also. All agreed that no opinion would tend to give a greater sense of security than that of Professor Seligman...
...Without risking or spending one cent, without making an investment of any kind, the New York bankers have taken absolute control of Nicaragua. Its transport system, its currency and credit and, by those means, the government of Nicaragua itself, is in the hands of J. & W. Seligman & Co. and of the Guaranty Trust Co. of New York...
...Toribio Tijerīno, onetime Nicaraguan Consul General at New York, recalled last week to Manhattan newsgatherers the fl, 1,000,000 loan negotiated between the present Nicaraguan Government (upheld by U. S. marines) and the Manhattan firms of J. &. W. Seligman & Co., and the Guaranty Trust Co. (TIME, May 16). Said Señor Tijerīno: "The loan contract was entered into with the knowledge and approval of the State Department of the United States...
...boards of the National Bank of Nicaragua, Inc., and the Pacific Railways of Nicaragua, Inc., a position which they allegedly made use of to transfer some 3,500,000 of funds belonging to these institutions from the Royal Bank of Canada to the Guaranty Trust Co. and J. & W. Seligman & Co. Upon these deposits, Señor Tijerīno; alleged that only 2% and 2½% interest is being paid...