Word: seligmans
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Dates: during 1930-1939
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...ousted board included Banker Charles Hayden, J. & W. Seligman. Partner Frederick Strauss, President Thomas Ignatius Parkinson of Equitable Life. Because Nathan Amster got in on the ground floor of the Chicago, Rock Island & Pacific Ry. reorganization in 1917. is now a member of its executive committee, Wall Street was not surprised that the new board included two Rock Island men. Edward Norphlet Brown, chairman of the executive committee (he is also board chairman of stricken St. Louis-San Francisco) and Peter Gansevoort Ten Eyck. At its first meeting the new board chose Insurgent Amster as president...
...pages and a shelf is packed with 10,000 documentary exhibits. To prove that no anti-trust laws have been violated, the defense is spending about $1,000,000, including fees to a battery of 50 lawyers. Last week after cross-examination of Columbia's Professor Edwin Robert Anderson Seligman by James Lawrence Fly, special assistant to the Attorney General, Judge Mack ordered a summing up twelve weeks hence...
...Federal Grand Jury indicted Otis Perry Seligman, cashier of the First National Bank of Santa Fe, N. Mex.. for an alleged shortage of $25,941 in his accounts. Said his father. Governor Arthur Seligman, president of the bank, after making good the shortage: "He will have to take his medicine...
...road. It was made plain last week that all bondholders must approve of the plan, that recalcitrant holders may not expect special profits such as accrued to the St. Louis Southwestern holdouts. The plan bears the endorsements of the system's bankers (Dillon, Read, Chase Harris Forbes, J. & W. Seligman, Chemical Bank & Trust) and of insurance companies (Metropolitan, Prudential) with big holdings of Frisco bonds...
Trusts. Consolidation in the investment trust field took another spurt last week. Tri-Continental Corp., sponsored by J. & W. Seligman & Co., bought control of Broad Street Management Corp. which carries with it control of Capital Administration Co., Ltd., an investment trust listed on the New York Stock Exchange, and a management contract with Broad Street Investment Co. The purchases swell the net assets controlled by Tri-Continental to over $40,000,000 by adding...