Word: trust
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Dates: during 1920-1929
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...system which has fostered the present great concentration of wealth in the hands of a small per cent of the population." That was the big news: the fact that there is actually alive a child of the late Charles A. Lindbergh Sr. who opposes what he called the Money Trust! That was the electric, potent shock which set editors editing, rotos rotating...
...world communications monopoly. Still the active, eager competitor of I.T.&T.'s wire systems is the mighty Western Union. Looming is a battle with Britain's merged cable-wireless companies. And for good measure, last week, Sweden's Kreuger & Toll (holding and financing company for the Swedish match trust) threatened to invade the foreign telephone field, in direct competition with...
...investment banking organization that will secure him an entrance into many an investment syndicate that Bancamerica does not reach. Sensational has been Blair & Co.'s success in recent years, its oil operations having culminated in the organization of the recently formed Petroleum Corp., $100,000,000 oil investment trust (TIME, Feb. 4). Able Elisha Walker, who will become president of Bancamerica and chairman of the executive committee of Bank of America, will doubtless be the active leader of the merged properties. But back of him will stand Mr. Giannini, now approaching his 60th year, and the billion dollar resources...
Another example of two birds of different banking feather flocking together was furnished by last week's merging of Central Union Trust and Hanover National. Central Union handles more than a billion dollars in its' personal trust department, aside from its corporate trusts. Hanover National has been known as a "bankers' bank," being depository and correspondent for many an out-of-town institution. President of the merged institution (which will probably be called Central-Hanover) will be George Willets Davison,† Central Union president. Chairman of the Board will be William Woodward, Hanover president. Central-Hanover will...
...Merger of Harris Trust & Savings Bank with N.W. Harris & Co., both of Chicago, affords an extra-Manhattan precedent...