Word: stuarts
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Dates: during 1930-1939
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Harold Leonard Stuart was proud of N. W. Halsey & Co.'s record when he went to work for the firm. When he became its president on Banker Halsey's death in 1911 he was proud and jealous of the reputation of the new firm, Halsey, Stuart & Co. Now a white-haired banker of 51, he points with pride to his firm's vast clientele and to the fact that even during the boom it distributed no common stocks. While some of its issues "turned sour" it has maintained its reputation among its peers...
...Banker Stuart has been aware of an attack brewing against his house. His first intimation of it was 19 months ago when Senator John J. Blaine of Boscobel...
...arose upon the Senate floor and denounced Halsey, Stuart's financing of Washington real estate in a burst of oratory, bellowing: "In all the ages the tyrant, political, industrial or financial has been the one to suffer the guillotine; and I now warn the Halsey Stuarts, the Dohertys-I warn them all that their power to rob must cease." This attack was centred upon the Wardman Real Estate Properties Inc. holding company for $28,000,000 worth of apartment houses, office buildings and hotels, including famed Wardman Park Hotel...
Some time after this speech the Department of Justice (which rents a Wardman building) sought and obtained permission to go through Halsey, Stuart's books...
Last week white-haired Banker Stuart heard that the Blaine-made storm was about to break. In selling $13,500,000 worth of Wardman bonds the house had sold $200,000 in the Senator's home state, thus making possible a "use of the mails to defraud" charge. Anxious to protect his firm from the criticism which is aroused by any legal action, Mr. Stuart hurried to Washington, asked President Hoover to intervene. He was referred to Attorney General Mitchell who refused to act. Returning to Chicago, he prepared to face what he felt sure was a "frame...