Word: traylor
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Dates: during 1930-1939
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...Leonard Asbury Busby, Chicago tractionman, died in 1930, he left an estate of $1,598,000 and debts of nearly $1,000,000. Named as executor was the trust company affiliated with Chicago's big First National Bank, of which Mr. Busby's good friend Melvin Alvah Traylor was president. Last month, after the estate had shriveled to a mass of debts, Mrs. Esther Busby marched into the Probate Court and sued First National for the $500,000 equity which had been hers when her husband died and the bank took charge...
High point of the trial was Mrs. Busby's account of her dealings with President Traylor and the bank. Handsome, smartly dressed in black, sometimes smiling, sometimes weeping, she told how she called on Mr. Traylor in the autumn of 1930 and said, "Mel, I can't stand the suspense. I have to know about Leonard's affairs. The children are in expensive schools and I have other obligations to meet...
...Well," said Mr. Traylor. "it's this way, Esther. You have an enormous amount of securities and an enormous amount of debts...
Bank merged with Foreman National (Chicago's leading Jewish bank). Promptly came Depression, Foreman-State was burdened down not by the sins of Mr Head but by the sins of pre-Depression banking. When Foreman-State was taken over by Melvin Traylor's First National in the summer of 1931, Walter Head was set back on his heels, out of a job. He became president of Morris Plan Corp., the Manhattan organization with Morns Plan banks in over 100 cities making small "character loans" to working men. Now as president of General American Life, he gives up banking...
...days after the Tribune's splurge. 40 trainloads of Texans celebrated Texas Day at the Fair and attended a Texan production of Aida in Soldier Field. Like the Festival, the production of Aida also had an angel. Texas newspapers reported that it was music-loving Banker Melvin Alvah Traylor, who acquired his first banking job and his wife in Texas. But Banker Traylor denied this, did not attend the performance (he was out of town). Real sponsor of the production was wealthy Mrs. John Wesley Graham, head of the Texas Music Teachers Association. Said she: "I expect to fill...