Word: trusts
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Dates: during 1950-1959
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...Western position has proved sturdy despite the allies' much-publicized suspicions of one another. Perhaps significant concessions by one side or the other might come out of a summit meeting. But, as Geneva has shown, they are not likely to be the result of impulse or mistaken trust by either side...
...Banker Harold Holmes Helm, 58, expansion-minded chairman of Manhattan's Chemical Corn Exchange Bank, long had his "loving eye" on the New York Trust Co. He knew that a minority of New York Trust shareholders wanted to sell out if they could get a good price. New York Trust's big wholesale banking business (specializing in large industrial accounts) and its seven offices would nicely complement his own 94-office bank doing a largely retail banking business with smaller clients. Last week Helm proposed a merger, swapping 1¾ shares of Chemical Corn stock for one share...
Though shareholders of both banks (and regulatory agencies) must still approve. the merger is expected to go through in about five weeks. In pulling it off Helm will make the combined Chemical Bank New York Trust Co. (deposits of $3.8 billion) the third largest bank in New York, the fourth in the nation (after the Bank of America, $9.5 billion; New York's First National City. $6.8 billion; and Chase Manhattan. $6.4 billion...
...century-old Corn Exchange Bank, which had 78 branches and $774 million in deposits, and paid a premium of $25 a share to get the Corn Exchange stock. The price proved right. The merged bank's deposits rose to $3.2 billion in 1958. With the New York Trust Co. branches he will have the third biggest branch-office system in New York...
...read me will feel on an equal footing with me. I don't bring any doctrine; I resist giving advice; and in a discussion I beat a hasty retreat. But I know that today many seek their way gropingly and don't know in whom to trust. To them I say: believe those who are seeking the truth; doubt those who find it; doubt everything, but don't doubt of yourself. There is more light in Christ's words than in any other human word. This is not enough, it seems, to be a Christian...