Word: traylor
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...tractionman, died in 1930, he left an estate of $1,635,000 and debts to banks and brokerage houses of nearly $1,000,000. Named executor was the trust affiliate of Chicago's big First National Bank, of which his good friend the late Melvin Alvah ("Mel") Traylor was president. Busby's will set up a trust for his widow and two children, gave the executor full power to sell any property "upon such terms as ... may seem desirable." President Traylor, who assumed direct supervision of the estate, was thus supposedly empowered to buy for as well...
Most valuable hired men in Boston are apparently Mahlon E. Traylor, who was paid $216,505 by Massachusetts Distributors. Inc., sales agency for stock in Massachusetts Investors Trust, and Francis Albert Countway, a retiring bachelor with a fondness for badminton, whose knowledge of the soap business was worth $286,995 to Lever Bros...
...that Mr. Jones finally persuaded big super-solvent institutions to sell him notes or preferred stock as a patriotic gesture, thereby setting an example for smaller banks to follow. One of the first to do this was Chicago's First National, then headed by the late Melvin Alvah Traylor. Before he was through, RFChairman Jones injected $1,040,000,000 of Government capital into 6,057 U. S. banks and trust companies...
Jesse Jones had previously announced that he welcomed such declarations of independence from RFC. Giving hail & farewell last week to First National's loan stock. Mr. Jones rumbled reminiscently: "As Melvin A. Traylor . . . very properly and aptly said, it was cheap insurance...
...Melvin Traylor did not live to see the solvency his bank evinced last week. First National directors transferred a special $5,000,000 Depression reserve back to surplus, voted to retire $10,000,000 of the $25,000,000 of preferred stock sold to RFC, declared in advance three quarterly payments of $1 each on the common stock, announced that this action established a regular $4 annual dividend rate". It was First National's first dividend since...