Word: trusts
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Dates: during 1920-1929
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...Leningrad, U. S. S. R., nine directors and engineers of the Soviet shipbuilding trust were arrested last week, charged with treason in trying to obstruct the government's shipbuilding program...
...fact that although the power company may own the bank of the river, the state owns the river bottom to the international boundary, that the state, not the power company will develop power there. In Washington Senator Thomas James Walsh of Montana, prime foe of the "power trust," declared that the merger was a long step toward unified control of the power possibilities of the nation to which the people are "not only indifferent but apathetic." He added: "It is an ominous tale as well to the 40,000,000 people marketing their products through the ports of the Great...
...bank vice-presidency in East St. Louis, Ill., was his stepping-stone to Chicago. There banker James B. Forgan took him into his First Trust & Savings Bank and with that potent backing and his own brilliant acumen he rose like a rocket to the presidency of the First National Bank of Chicago which he holds today...
...sound investing opportunities which must be refused because of legal restrictions. So, in order to widen their operating field, most large banks have investment affiliates, somewhat less conservative than the banks themselves. Step Three in the employment of currency would obviously be for the bank to organize an investment trust, and that is what Chicago's Continental-Illinois Bank Trust Co., largest U. S. bank outside Manhattan, did last week. President was Arthur Reynolds, who is board chairman of Continental-Illinois. Vice-president was James R. Leavell, also a Continental-Illinois vice president. The directorate included George M. Reynolds...
Chairman will be Frank Warrenner Blair, Union Trust president, onetime drugstore clerk. President will be Robert Owen Lord, head of Guardian Detroit Group. Modest, he gave credit for Guardian Detroit Group's success to his subordinates, described them as "very fine young men who are not afraid of hard work...