Word: trust
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Dates: during 1930-1939
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Manufacturers Trust (Manhattan...
This drew hearty applause. But it remained for Manufacturers Trust's dignified Harvey Dow Gibson to win the ultimate in stockholder encomiums. When he concluded a lengthy explanation of the banking drought by expressing the belief that "there is, as we enter the new year, less cause for pessimism than there has been for some time," an unidentified stockholder rose to pay him tribute. After fumbling around for words, the hard-pressed man finally gushed: "If I were a woman, I'd say you're wonderful...
...Corporations can and should take steps to place upon their boards working directors who are adequately compensated, and the responsibilities of those directors should be made commensurate with their trust. . . . The paid director, familiar with the affairs of his company, could not live in peaceful and happy ignorance, oblivious to the fact that warehouses and inventories which his company owns are figments of a criminal imagination...
Augustus Cobb, a New York lawyer, graduated from the Law School in 1872, and when he died in 1930, he left his entire estate in trust for the benefit of his brother, Edward Benedict Cobb. The brother, as life tenant of the estate, had the benefit of it until his death, which occurred last Thanksgiving Day, and the Augustus Cobb estate was then divided into two parts, one going to six New York charities, and the other to Harvard...
...Friends. Thus was crowned a friendship that began in New York City in 1907. When Franklin Roosevelt, fresh from Columbia Law School, was a well-dressed young man in the offices of Carter, Ledyard & Milburn, he met Felix Frankfurter, who was the smart young trust-busting assistant of Roosevelt I's U. S. Attorney for the Southern District of New York, Henry L. Stimson...