Word: warburgs
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Brother Fritz of the House of Warburg...
Bankers, financiers knew Mr. Warburg in 1908; the U. S. Senate and the U. S. public did not become thoroughly aware of him until 1914, when President Wilson appointed him a member of the first Federal Reserve Board. A Senate Committee on Banking and Currency questioned Mr. Warburg, their inquiries colored somewhat by a distorted idea of the Money Demon and Mr. Warburg as an incarnation of it. At that time a Kuhn-Loeb member, and with an income of some half a million a year, Mr. Warburg devoted himself to building up the Federal Reserve system. For four years...
Hardly less ancient than the House of Warburg is the House of Baker, but the Bakers have not so continuously been bankers, and the Baker bank has not remained always in Baker control. This bank-the Bank of the Manhattan Co., was organized in 1799. One of its original stockholders was Stephen Baker. The Bank of the Manhattan Co. did not remain a Baker property, but did return to the Baker family 35 years ago. J. Stewart Baker, present head, succeeded his father, Stephen Baker, grandson of Stephen the Founder...
...Bank of the Manhattan Co. and International Acceptance is particularly important in the field of international banking. The Bank of the Manhattan Co. has hitherto confined itself chiefly to New York City, where it has built up some 50 branches. International Acceptance, on the other hand, with its Warburg German connections, has specialized in international enterprises. The combination in effect puts the combined resources of the two banks into the international field...
Brother Max M. of the House of Warburg...