Word: warburgs
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...taxicabs to Manhattan, where he serves as chairman of Paramount Publix's finance committee, was elected to the board of Baltimore & Ohio Railroad, together with Lawyer Carl August de Gersdorff of Cravath, de Gersdorff, Swaine 8 Wood. They succeeded Bernard Mannes Baruch and the late Paul Moritz Warburg...
Head of the great Manhattan Co., possessing a fortune of at least $50,000,000, perhaps more than $100,000,000, it was natural that the late Paul Moritz Warburg was skilled in the art of handling money. When last week his will was filed it was found to contain rigid rules. In these lay the foundation for his investment policy, but only the foundation. For no rules can tell when to buy or sell. Absolute discretion in that was given to his four executors (widow, daughter, son, brother...
...ways in which Banker Warburg wished his funds invested were...
Except for $40,500 willed to 19 employes and servants, the entire estate was left to Mrs. Nina Loeb Warburg for her lifetime, then to be divided between her son and daughter. Son James Paul Warburg, 35, is vice chairman of Manhattan Co. (TIME, Feb. 15). Daughter Bettina Warburg, 32, practices medicine...
...Wall Street, where he works hard for the $141,028,000-in-assets Manhattan Co. group of concerns (Bank of Manhattan Trust, International Acceptance Banks. New York Title & Mortgage and others), young Mr. Warburg is the junior member of another "team." Its senior member is John Stewart Baker, 38, whose great grandfather was one of the Manhattan Co.'s founders 133 years ago. whose father. Stephen Baker, 72, preceded the late famed Mr. Warburg in the chairmanship and still lends distinction to its board, i Last week the Baker-Warburg team advanced to the topnotch. Young Mr. Baker...