Word: traction
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Dates: during 1930-1939
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...college Harry Payne Whitney once declared in a questionnaire that he could trace his ancestry "out of sight." To trace the fortune he left when he died in 1930 it was not necessary to go back farther than his father, William Collins Whitney, traction tycoon, Secretary of the Navy under Cleveland, who left him $24,000,000; and his uncle, Col. Oliver Hazard Payne, who left him about $12,000,000. Last week Harry Payne Whitney's fortune at the time of his death was appraised by New York State for tax collection purposes...
...unregistered securities. Chairman Dahl and friends took no chances. No advertisements were to be published, no prospectuses prepared. Each & every offer was to be by word of mouth. For any major corporation the preparation of a registration statement is a staggering task but for a New York City traction company, whose legal and financial involvements confuse even the best trained analysts, the job is well-nigh impossible. The bankers swore the deal was no evasion of the Securities Act, that they intended to consult the Federal Trade Commission. Nevertheless, many a bond dealer last week shied away from retailing...
Warren William, a veritable Thoth with a moustache, plays the part of a young man graced with personal at- traction, a propensity to love, and a desire to reach the heights on someone's else endeavors. He rambles through his part with a rhythmic ease that is restful to watch, now calling up a grimace, now elevating his voice, now twitching a finger or two. His is the center role, and he builds it up with a sort of vacillating adroitness--ever spurred on by vain ambition and pride, ever retarded by conceit and a weakness for cards--until...
...Cummings snapped up the invitation the same afternoon. His first job as a youngster was with the Illinois Trust & Savings Bank (whence the "Illinois" in ''Continental Illinois'') but since then he has been a traction man, a manufacturer, not a banker. Of his 25 directorships not one is on the board of a bank. One of them, however, is on the board of American Car & Foundry Co. of which William Woodin was head. That contact seemed to explain why Mr. Cummings was made president of Federal Deposit Insurance Corp. The RFC in its announcement listed among...
...next decade, the decade of the Spanish War, was greater for Andrew. In the war boom he turned promoter on a grand scale. He merged coal properties around Pittsburgh (many of them Mellon owned) into two great companies and sold their stock to the public. He merged the Pittsburgh traction companies (many of them Mellon owned). T. Mellon & Sons private bank became Mellon National. Andrew and Frick got an option on Carnegie Steel Co. for $160,000,000. Mellon agreed to raise $80,000,000 of the price and asked J. P. Morgan (the elder - the present J. P. Morgan...