Word: trusts
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Dates: during 1920-1929
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Proceeds of the issue will be applied to the operation and expansion of the Trust's real estate, which is mostly in north side Chicago property. The Trust has developed many a Chicago subdivision, has bought up many a Gold Coast home and erected apartment buildings on the sites. Thus all U. S. citizens with $1,000 or multiples thereof have the opportunity to make a conservative short-term investment with no tremendous yield but with almost governmental safety...
When U. S. producers feel the need for combination in their industry they proceed warily with one eye on the anti-trust laws. Foreign producers, however, have few inhibitions, not only in combining corporations but in regulating markets, production, prices. Thus last week a group of British and South American tin men formed the British-American Corp. with the avowed purpose of stabilizing the price of tin at ?265 a long ton ($1,284). This price would be the equivalent of about 57 1/2 a pound as compared to last week's National Metal Exchange (Manhattan) quotations of around...
Explanation of the discrepancy lay in the fact that the legacies, bound up for the present in a $50,000 trust fund, cannot be collected until the year 2129, when they will go to various Indianapolis art, musical and educational institutions. By that time the laws of compound interest will, unless higher laws intervene, have operated to create the $160,000,000 figure...
...personnel. When, last month (TIME, June 3), Banker Giannini announced that his 60th birthday (1870-1930) would mark his retirement, evident became Elisha Walker's position as Heir Apparent. Thus last week's amalgamation of Bank of America, N. A., with Chatham and Phenix National Bank and Trust Co. might well have been regarded as First Result of Blair & Co. influence in Giannini projects...
Potent was the bank of America-Chatham-Phenix consolidation. It created Fourth Largest Manhattan Bank (after National City, Guaranty Trust, Chase-National Park). Combined capital of the two banks is $38,500,000; combined surplus and undivided profits are $53,082,662 ; combined total resources...