Word: upness
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Dates: during 1950-1959
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The Villain: Congress. Banker Alexander agrees with the general view that part of money's tightness-and the highest interest rates (5% and up) in 28 years-is the result of demand for credit spawned by the strong upsurge of the new boom. But it is also the result...
Alexander believes there may be more jiggling of rates when holiday financing steps up and the steel strike ends. But, he says hopefully, "there is a good likelihood that the worst pressure on rates is past. A sustained strong upward force is unlikely." He does not think that tight money...
At his bank, the differences between the old and new are just as great. Once, the House of Morgan dealt only with the biggest customers, selected with great care, as if they were being privileged to join an exclusive club. The Morgan Guaranty still deals primarily with big customers, but...
Alexander himself is Morgan Guaranty's chief bird dog. He moves through a constant round of meetings, receptions and official dinners with bankers, ambassadors, corporate presidents. He is constantly on the alert for the clue that will tell him where to find a potential customer, where to make a...
Morgan Guaranty by the custom services and ingenuity in solving financial problems that have become the firm's trademark. Many businessmen agree that Morgan's service is unexcelled. It will do everything from solving the complex problem of establishing the market values of new shares-even though the...