Word: trusts
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Dates: during 1920-1929
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John J. Mitchell, 73, potent Chicago banker, last week gave over the presidency of the Illinois Merchants Trust Co. to Eugene M. Stevens, previously vice president; himself shifted to the chairmanship of the board of directors. For 43 years (1880-1923) he had been president of the Illinois Trust & Savings Bank, where he had started as a messenger. When in 1923 it became the Illinois Merchants Trust Co. he kept on as president...
American Ex.-Irving Trust...
Guarantee Trust...
...stocks admitted to the Exchange listings must be registered; and most foreign stocks are made out to "bearer." That is, they may be traded around like U. S. $1 bills. To leap over this law, investment bankers have adopted this subterfuge. They deposit foreign stock with a trust company, which in turn issues trustee certificates against the escrowed stock. Such stock is U. S. stock, and is passable on the Exchange. So the Governors last week had a draft made for proposal to the New York Legislature-that "bearer" stocks, as well as "registered" stocks be made legal for Exchange...
...managing their industrial problems at the beginning. The United States, England, and the rest of the world has paid an enormous price for its great industrialization. Besides, the Mexicans are very clever. They can carry their own load. They have included all industrial problems in their Constitution, They trust none of these problems like the eight hour day, the 16 year age limit for working children, and similar ones to a Supreme Court. They wrote the legislation of the world for the last 50 years into their constitution. All strikes since 1917 have been caused by the violation of some...