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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...

Author: /time Magazine | Title: Business: Installment Selling | 11/28/1927 | See Source »

...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...

Author: /time Magazine | Title: NICARAGUA: Bankers' Dictature? | 6/20/1927 | See Source »

...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...

Author: /time Magazine | Title: NICARAGUA: Bankers' Dictature? | 6/20/1927 | See Source »

...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...

Author: /time Magazine | Title: NICARAGUA: Bankers' Dictature? | 6/20/1927 | See Source »

Nicaraguan President Adolfo Diaz, recognized by the U. S., has been consistently in such close harmony with U. S. nationals that he obtained last March a loan of $1,000,000 from the Manhattan firms of J. & W. Seligman & Co., and the Guaranty Trust Co. Therefore, last week it was only necessary for Presidential Representative Stimson to be firm with the Liberal faction of Nicaragua, whose President, Dr. Juan B. Sacasa, has been recognized as President of Nicaragua by the Mexican Government and has been declared to be the rightful holder of this office by the Chairman...

Author: /time Magazine | Title: NICARAGUA: No War | 5/16/1927 | See Source »

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