Word: trusts
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Dates: during 1920-1929
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Money and the man guarantee the new Commercial National Bank & Trust Co. large activities. Its list of directors indicate a wide influence. It includes: Walter Percy Chrysler, Jacob France, Edward Phillip Farley, Sidney R. Kent, Clement M. Keys, David A. Schulte, William Wrigley...
...group picture. On rare previous occasions they had appeared in the same photographs, but with other bankers and tycoons. Last week's picture was to have special significance. It symbolized the largest merger of the year, the well foretold consolidation of the Reynolds brothers' Continental National Bank & Trust Co. of Chicago with the Illinois Merchants Trust Co. of Chicago of which Mr. Stevens was president (TIME, Sept. 3). Their combination as the Continental Illinois Bank & Trust Co. gives Chicago the second largest bank in the U. S. (National City of Manhattan is first.) Its joined capital resources...
...nearest big city, which happened to be Minneapolis. He worked for the F. H. Peavey Co., who are now the largest grain merchants in the U. S. He became an investment banker. When he was 46, he went to Chicago, as vice president of the old Illinois Trust & Savings Bank. Last year he became president of its successor, the Illinois Merchants...
Bank. The Commercial National Bank & Trust Co. began organization work in Manhattan with $14,000,000 capital & surplus, greatest initial resources of any bank...
Harriman-Soviet. There were days when it seemed that William Averell Harriman and his associates must lose their $3,450,000 put into a Soviet concession to export Manganese ore from the Chiatouri district of Russia. The Soviets had formed a state Manganese trust. But last week they announced an agreement to retain the Harriman money, to pay the Harriman an income guaranteed by 7% bonds...