Word: trusts
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Dates: during 1920-1929
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Although now a rich exhibitor, he had nothing to do with making pictures to be exhibited, an industry which had developed from Edison's kinetoscope to a small, tight trust consisting of ten producing companies. Zukor, looking for new attractions for his houses, had been thinking of production when he wrote the slogan that afterward became the name of his company?the Famous Players. Gambling all his money on his belief that there would be profits in advertising cinema actors like "legit" actors, he fought to break the trust. While his wife sold her jewels and friends loaned their savings...
Died. Edward Palmer York, 63, Manhattan architect (York & Sawyer?Bowery Savings Bank, Guaranty Trust Building, Pershing Square Building), of Princeton, N. J. & Stonington, Conn.; after an operation; in Manhattan. Like many a famed architect, Mr. York served his apprenticeship with McKim...
There was more perturbation in the Manhattan offices of the Guaranty Trust Co. last spring when two $50,000 kegs of gold fell into the Hudson River than there was exaltation last week when Chairman Sabin and President Potter announced that the bank's resources were $1,052,211,198. The keg accident was unusual...
...Guaranty. Reaching the billion dollar class and thereby joining the National City and Chase National of Manhattan and the Continental Illinois Bank & Trust Co. of Chicago in distinction was something that Guaranty officers, clerks, bond salesmen and janitors had expected. It was something they had striven for since last September when their resources were $838,129,668. Last week deposits alone were $842,358,215. Capital of $40,000,000, surplus of $50,000,000, undivided profits of $13,377,018 and other items (notably $96,819,425 in trade acceptances) made up the $1,052,211,198. Fewer than...
...late Henry Pomeroy Davison initiated the renaissance of the Guaranty Trust Co.* The bank had been founded (1864) during the crooked financial period of the Civil War. It was then called the New York Guarantee & Indemnity Co. The late Samuel D. Babcock kept its financing reputable through the dishonest '70s. Thereafter its honesty was no longer necessary, for it ceased to exist except as a name and the title owner of a piece of Long Island real estate...