Word: stanleys
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Dates: during 1930-1939
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Conservative banking houses like Morgan Stanley & Co. (divorced underwriting half of J. P. Morgan & Co.) and Kuhn, Loeb & Co. have held themselves coolly aloof from competition for security issues. Their position is that terms reached in direct negotiations with a single underwriter, thoroughly familiar with the financing company, are more likely to be best for borrower and investor than those that come out of a fierce competition among a group of bidding underwriters. Competitive bidding, they hold, "tends to overpricing the issue . . . and to subsequent dissatisfaction and losi of credit and good will of the borrower...
...still brilliantly in the running was Lieutenant Robert M. Stanley of Pensacola's naval air base. Fortnight ago he had upped the U. S. altitude record to 13,400 feet (world record: German Captain Walter Drechsel's 23,196 feet). Last week, skilfully riding the air currents, he darted deliberately into just such a cumulus as had made Udo Fischer abandon his plane, bettered his own record by 3,194 feet...
...that capital to become an investment banker, underwriter and integrator to U. S. utilities and other major industries. If it does so, it will have enough capital to operate on a scale that will make other underwriters look puny-among them the still friendly Morgans, whose divorced Morgan, Stanley & Co. has a capital of considerably less than...
...worn by African Explorer Sir Henry Morton Stanley when he made his immortal remark: "Doctor Livingstone, I presume...
...Olympians include Albert de Szent-Györgyi, the Hungarian Nobel Prizewinner who found vitamin C in paprika; Wendell Meredith Stanley of Rockefeller Institute, who succeeded in crystallizing a virus; Frits Went of California Institute of Technology, No. 1 U. S. researcher on plant hormones. There is just one mildly disturbing thing about the assembly. One of the most distinguished of the 16*-one whose solid scientific achievements are no greater than those of some others but who stands out because he is a notable leader of science, teacher of science, preacher of science, historian of science, analyst of science...