Word: trusts
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Dates: during 1920-1929
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...bill before the House last week was designed to give U. S. industries immunity under the anti-trust laws in collective buying of crude rubber, potash, sisal "or other raw materials or products of nature." The opposition which sprang up declared that such a measure would injure the U. S. consumer. New York's vociferous Black sought to belittle Candidate Hoover, to whose warnings against the British rubber monopoly, the measure was traceable. Up stood Connecticut's tall Tilson, the Republican leader. He called attention to Premier Baldwin's announcement, the day before in Parliament, that...
...question of whether co-operative buying may become an evil partaking of the nature of a "trust" is now a live issue before the U. S. House of Representatives. Representative Walter H. Newton of Minnesota recently introduced a bill to authorize and encourage pooled buying of raw materials abroad, but the House voted down the bill last week...
...idea was good; the trust company was formed with the liveliest and most aggressive young men of New York's financial district on its board of directors. Mr. Davison's banking sagacity and charm had brought them together. He acted as their chairman; Edmund C. Converse of the Liberty National Bank, where ten years before Davison had himself got his first important Manhattan banking job, went to the Bankers Trust as president. Thomas W. Lament was secretary & treasurer...
...Bankers Trust was to become, after it added commercial banking to its activities, the sixth largest bank in the U. S. Meanwhile, Mr. Davison was to become a Morgan partner in 1909, after he had further distinguished himself during the panic...
...Morgan) the best known Morgan partner and U. S. international financier. Mr. Morrow is currently the outstanding U. S. diplomat-Ambassador to Mexico. Mr. Cochran became the Morgan partner on the board of General Motors, and, like Mr. Davison before him, chairman of the executive committee of the Bankers Trust Co. For Henry Pomeroy Davison died in 1922, aged 55, having given to the Red Cross so much of his apparently limitless vitality that there remained too little for himself...