Word: walls
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Dates: during 1930-1939
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...long did the young lawyer press his case for simple profit. After banging his head for a few years against a stone wall of Congressional indifference, Hiram Mann got mad. He began going out on Manhattan street corners to harangue passersby about the Government's injustice. He published pamphlets, pestered editors and public officials with letters, telegrams, petitions. Finally he began to advertise. At first he took imposing space, but as his funds ran low he was reduced to two or three lines in Public Notices...
Last week, grey and 63, Hiram Mann summoned newsmen to his Wall Street office to announce that his long fight was over. Swept along on last month's adjournment tide, a bill appropriating the money to pay his Navyites had slipped through Congress, been signed by President Roosevelt. Figuring that his crusade had cost him about $20,000, Lawyer Mann declared: "It was a hobby. I'd have spent a lot more if I'd had it. It's cheaper than yachts and booze and women; and no headaches." Lawyer Mann's triumph was only a little dimmed...
Since "big business" is enjoying a "breathing spell" free from the political fears, the Business School this year may discover what has really happened to Wall Street. It can learn whether its admirable program of public administration satisfies the changed shape of such institutions as J. P. Morgan or whether the rapid measures of the last two years have worked more subtle changes than are yet evident...
...backbone of Morgan profits. But a number of partners have always devoted their time to securities. During the previous 14 years, J. P. Morgan & Co. had floated more than $6,000,000,000 of bonds and was by all odds the world's premier house of issue. Wall Street welcomed the re-entry into the securities business as the resurrection of an enduring and familiar institution, symbolizing, perhaps, the return of peace & prosperity...
Indeed, the Morgan announcement was construed marketwise as having almost as bullish implications as President Roosevelt's later pronouncement (see p. 11). In the little grey house at the corner of Broad & Wall Streets there was evidently considerable faith in the future of the securities business if not in the future of the whole U. S. Rival firms which have been industriously collecting business scattered by New Deal legislation were not so pleased, and stock in First Boston Corp., currently the leading U. S. investment bankers, dropped $4 per share on the announcement. But the stanch and stolid New York...