Word: websterisms
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Died. William Webster Mills, 79, board secretary & treasurer of Marietta (Ohio) College, uncle of Charles Gates Dawes; in Cincinnati...
...marched into the foremost rank of private banks. Yet during the last few years sorry things have happened to Kidder, Peabody & Co. In August 1929, William Endicott, who had entered the firm after emerging from Harvard in 1887, resigned. On Jan. 2. 1930, the senior partner, Frank G. Webster, died suddenly at the age of 89. Five days later the mainspring of the firm, Robert Winsor. died. Within a year Wall Street was whispering black news about Kidder, Peabody...
Oldest of the three new partners is Chandler Hovey. In 1900 he went to work for Kidder, Peabody & Co., and in 1910 left to form his own firm. He is closely tied to the firm's tradition, for his sister married Edwin Sibley Webster, son of the late Frank G. Webster and now president of Stone & Webster, Inc. His father was the late William Alfred Hovey, editor of the Boston Transcript. His grandfather was Charles Hovey, fiery Boston abolitionist. Chandler Hovey winters at Chestnut Hill, Boston, points with pride to some large China vases bearing paintings of Napoleon by Artist...
Partner Hovey's nephew, Edwin Sibley Webster Jr., 31, was also made a partner. This young man began his career slowly. After graduating from Harvard in 1923 and from Harvard Business School in 1925, he went to work for his father in Stone & Webster, Inc., first on a construction job in Puget Sound, then on a Florida bus line, then with a power company in Virginia. From those occupations he went to Boston to be a messenger boy in the Stone & Webster Building for a while, then entered the legal department of the firm. He was a vice president when...
...business-school classmate of young Partner Webster was lank Albert H. Gordon. After graduation he went to work for Goldman, Sachs & Co. He was named last week as the third partner of reorganized, revitalized Kidder, Peabody...