Word: trusts
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Dates: during 1920-1929
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...Arbitral Justices retired to deliberate, last week, there was suspense even in Manhattan. For Chairman of the Board Charles H. Sabin of the Guaranty Trust Co. is well known to have advanced some of his privy cash to "Papa Friedrich," years ago, on the sporting security of the Archduke's claim to be non-regnant. The late Frank A. Munsey also took a little flier in what might be called "Papa Friedrich Preferred...
Sweden's enormous Match Trust the Tandsticksaktiebolaget (TIME, Oct. 1) will take over $30,000,000 of the Rumanian Stabilization Loan (see above), will receive in compensation a monopoly of all Rumanian matchmaking and selling from July 1929, for 30 years...
...retail price of a box of matches is fixed by law at two lei (1.18?) for 1929, but after July, 1930 will be jacked up to three lei (1.77?). Royalties approximating $3,000,000 annually will be paid to the State, and the Trust agrees to retain Rumanian workmen in the local match factories. Legislation embodying these momentous arrangements was voted, last week, by the Rumanian Chamber of Deputies...
...sent proxies for 2,360 shares to Mr. Rockefeller Jr. Julius Rosenwald, philanthropist and board-chairman of Sears, Roebuck & Co. came out for Mr. Rockefeller Jr. with the statement: "It was fitting for stockholders in any enterprise to see that the business is managed by officers whom they can trust." But Philanthropist Rosenwald's influence was moral, not financial. He owns no stock in Standard Oil of Indiana...
Should an adding machine be used to figure the capital controlled by and associated with Manhattan's newest investment trust, the machine, if adding only to 999,999,999 would fail in its task. For when, last week, Goldman Sachs Trading Corp. merged with Financial and Industrial Securities Corp., ten digits were required to express the resources affected by the merger. True, each of the companies will put into the combine a mere $122,000,000, giving the new company a capital of only about a quarter-billion. But Financial and Industrial Securities Corp., directed by Ralph Jonas...