Word: walls
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Dates: during 1930-1939
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...issued reams of charts, figures and opinions. Apex of the managements' campaign was a nationwide splash of advertising. Apex for labor was a 482-page, clothbound book (each copy stamped with the recipient's name in gold letters) dedicated to Franklin Roosevelt and titled Main Street-Not Wall Street. Last week "Main Street...
...utility industry it has lately become apparent that the New Deal handwriting is on the wall. Last month legalistic skirmishings ended when Chairman C. E. Groesbeck of Electric Bond & Share agreed to file integration plans in keeping with the holding company ''death sentence'' (TIME, Oct. 24). Last week the industry poked a hole in the dam that has held back some $3,000,000,000 worth of replacements and expansions in the last two years. On the face-saving excuse that the utilities must be geared for national defense, 16 potent utility financiers on the National...
...Franklin Roosevelt found this review "rather horrifying." Wall Street found rather horrifying what SEC did next. After SEC Chairman William O. Douglas and New York Stock Exchange President William McC. Martin Jr. had conferred, SEC issued a further reform program agreed on by the Exchange to prevent any more Whitney scandals. Main points: 1) more frequent questionnaires and auditings of member firms; 2) prohibition of margin transactions and the maintenance of margin accounts by member firms and partners doing business with the public; 3) establishment of a 15-to-1 ratio instead of the present 20-to-1 between...
...employed by the Chicago, Burlington & Quincy R. R. to sell Liberty Bonds to employes. While peddling bonds she learned shorthand, after the War stayed on with the railroad as a stenographer. Last week the directors of Burlington, now fifth largest U. S. railroad (in revenue), gathered at No. 1 Wall Street, Manhattan, made Mrs. Alden secretary and assistant treasurer. She is the first woman ever elected to a high executive position in a major U. S. railroad. Last week, as she moved into her new office, her first official act was to have the cuspidor moved...
...succeed President Frothingham the I. B. A. chose a banker from as far away from Wall Street as possible - sunburned, zestful Jean Carter Witter of the California firm of Dean Witter and Co. At 46, Jean Witter is the crack security salesman of the Pacific Coast. Said Banker Witter last week: "I should like to put down as the first item on our schedule for 1938-39 - work with the SEC in carrying out the objectives of the securities legislation it is obligated to administer...