Word: walling
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Dates: during 1950-1959
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...museum to his tastes, Ultra-modernist Sweeney had used flat white paint and light to cancel out a good many Wright concepts. Canvases were mounted unframed on rods projecting from the dazzling white wall. Bright, fluorescent lights were installed in the side skylights, canceling out Wright's sunlight but creating a brilliant background wall of light. As a result, the paintings seem to hover weightlessly in luminous space. "We are not trying to show nature effects in sunlight, but paintings," Sweeney stated. "This is the most spectacular museum interior architecturally in this country. But my job is to show...
...heir to the famed tradition of the House of Morgan, which created huge industrial firms, bailed out whole governments and at the turn of the century all but controlled the financial destiny of the U.S. Morgan is still a name to conjure with. Its famed building at 23 Wall St. is known throughout the financial world as "The Corner." Said an international banker with an account at Alexander's bank: "When I cash a check abroad, they never look at my signature; they look at the name Morgan and cash it immediately...
...ranks of U.S. finance. Less than a year ago, J. P. Morgan & Co. was in tenth place among New York commercial banks and 28th in the U.S. It was hard pressed for enough money to lend its rapidly increasing number of customers. Then Alexander pulled off a coup that Wall Street dubbed "Jonah swallowing the whale." He worked out a merger with the much larger Guaranty Trust Co., became the head of the fifth largest U.S. bank.-Overnight his bank's capital funds jumped from $89 million to $512 million. Now Alexander is expanding his business...
...Morgan is almost the story of U.S. banking. Founder J. Pierpont Morgan was a great builder and dreamer who helped build the U.S.-and grew so powerful that he helped run it. Morgan left his father's London banking firm at 20 to try his own luck on Wall Street. After acting as agent for his father's firm, he went into business for himself under the name of J. Pierpont Morgan & Co. He performed dazzling feats of finance one after another. His method was to buy control of banks and other financial institutions, use them to seize...
...were relatively unscathed by the crash, the Depression spelled the end of concentrated banking power. The New Deal launched a campaign against "the princes of privilege." J. P. Morgan II was hauled down to Washington to appear before a whole series of investigations. Control of U.S. finance passed from Wall Street to Washington. Regulatory bodies were established, restrictive bills passed, the Federal Reserve strengthened. The Banking Act of 1933 forced Morgan to split off its investment-banking activities, and a group of partners left to form the separate investment house of Morgan, Stanley...