Word: trusts
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Dates: during 1920-1929
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...obliged to "retreat" until only one survivor, Dr. Brydon, reached the Indian frontier as "a half dead man on a half dead horse." Not less notorious than the fierceness and atrocious cruelty of Afghans in battle, is their characteristic instability which gave rise to the Indian proverb: "Trust a Snake before a Harlot, and a Harlot before an Afghan." Naturally assassinations of Afghan rulers have been frequent, and indeed the present King Amanullah came to the throne in 1919 only after other persons had murdered his father, Habibullah, and he himself had forcibly wrested the succession from an uncle...
Alvin William Krech, 70, was for 20 years president, and since 1923 board chairman of the Equitable Trust Co., director of numerous other banking and railroad companies, banking colleague of Otto Hermann Kahn and Paul Drennan Cravath, holder of decorations from the French, Italian and Rumanian Governments for rehabilitation work after the War. Last week he died, of angina pectoris, suddenly at his Manhattan office, just two years to the day after he pried the first brick from the old Mills building on whose Broad Street site the Equitable's new 42-story building now stands...
...Equitable Trust Co. (as the Traders Deposit Co.) was founded in 1871 with $50,000 capital. Its total assets today are $586,000,000. It has seven branches-three in New York City, two in London, one in Mexico City and one in Paris. On Feb. 14 Chairman Krech and President Arthur William Loasby opened their new Manhattan building; on April 14 Chairman Krech opened their new Paris building...
...many purposes rubber from the guayule shrub is better than tree rubber, announced the U. S. Bureau of Standards last week after long research with chemists of the Intercontinental Rubber Co. This company (Charles Hamilton Sabin, chairman of the Guaranty Trust Co., is also its chairman) has been cultivating this shrub (the only shrub that so far has been commercialized) in Mexico, California, South Carolina, Georgia and Mississippi. Thomas Alva Edison has an experimental farm in Florida. Others work in Texas. The shrub thrives in arid regions, and can be cultivated and harvested by machines. Last year guayule shrubs yielded...
...success of "Morris Plan" banks made enterprising bankers study the field. In New York City the National City group made surveys ; in Buffalo the Marine Trust group (Chairman Elliott C. McDougal, President George Franklin Rand,* Vice-President, Seymour H. Knox). Last week the Marine Trust announced that it would loan money at 6%, without security, to salaried persons. Mr. Mitchell's National City had anticipated Buffalo...