Word: trusts
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Dates: during 1920-1929
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...I.ast week Mr. Raskob announced his idea for a giant investment trust for small-capital men. Theory: Let a workman take, for example, $200 to the proposed trust. For $200 he would be allowed to buy $500 worth of stock, borrowing the other $300 from a bank or subsidiary company, with his stock as collateral. He would then repay the $300 at the rate of $25 a month. Thus might small-capital men, instead of spending on the installment plan for radios, motors, refrigerators, invest in installments in sound "rich-men's" securities...
...social thesis is a protest against the urbanizing of Morrisville. Milkman Lovering is his spokesman about the beat of the hammers building new subdivisions, changing the plan of Morrisville from an H to a symbol from some oppressive foreign alphabet. Milkman Lovering gets supplanted by the milk trust. A department store replaces Mrs. Barkenteens, where Skippy bought the "chawklets." Mr. Prince, a city man, gives Skippy's ball team uniforms-emblazoned to advertise real estate...
...traders are not particularly familiar with Stockbroker Ungerleider. Yet a potent brokerage establishment is Samuel Ungerleider & Co., with its home office at No. 50 Broadway and branches throughout the Middle West. And when, last week, "Ohio Sam" an nounced the formation of Ungerleider Financial Corp., a general investment trust, the potent names of William Fox, head of Fox Films, David Bernstein, treasurer of Loew's, Inc. (Fox subsidiary), William Crapo Durant, motor-and market-man, and Louis S. Posner, of Jonas & Neuburger, attorneys,* were among those associated in the enterprise...
...mammoth investment trust is Ungerleider Corp., with its relatively modest 25-million-dollar initial capital. But in view of current criticisms, its structure attracted attention. It begins life with a management contract entered into with Samuel Ungerleider & Co., which provides that the brokerage house will receive no compensation except standard commissions unless the investment trust has earned in excess of 8% on its capital. When more than 8% has been earned, Samuel Unger leider & Co. will receive 20% of net profits, but only if the payment of such 20% does not reduce the corporation's profit below...
...When Mr. Graustein completed his testimony before the Commission, Mr. Gannett called it "in the main, admirable," explained more fully his deals with I. P. & P. Last week, with a sudden and theatrical gesture, he canceled the deals, freed his papers from the menace of the "Power Trust." He wrote Mr. Graustein...