Word: whitney
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Dates: during 1930-1939
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Died. Equipoise, 10, Cornelius Vanderbilt Whitney's chestnut stallion; of enteritis (inflammation of the bowels); at Lexington, Ky. Second only to Sun Beau among the world's top money winners, Equipoise brought home $338,610 in his six racing years. Sun Beau's earnings...
Chief Characters: Slow-moving, heavy-jowled Exchange President Charles R. Gay, a worried broker who means well; arrogant, handsome Richard Whitney, leader of a clique known as the Old Guard; puckish, tart-tongued SEC Chairman William O. Douglas, reputed to be a radical of the deepest dye; Brokers Paul Shields, E. A. Pierce, John Hanes and William McChesney Martin Jr., upstarts...
...September, soon let it be known that so far as he was concerned regulation had only begun. After three years on the SEC in lesser jobs, Chairman Douglas was all too familiar with the Exchange's standard method of passing the buck. Under the influence of Richard Whitney, no longer president but still boss of the board of governors' Old Guard majority, the Exchange would agree to any reform that was suggested, then evade it on a technicality. With typical boldness, Douglas decided that his best defense against the Exchange's kick was an offense: he bluntly...
...Casino. By this time, Douglas had established cordial relations with a group in the Exchange which had long been at odds with Richard Whitney's Old Guard...
...Paul Shields, John Hanes and E. A. Pierce. All three represented the big "wire houses" in the Street with large volume of business from all over the U. S., unlike the business of the Old Guard which mostly originated in big cities. All three had lined up against Richard Whitney in his famed 1934 fight to stop the law creating SEC. All three had helped force Dick Whitney out of the presidency to make way for Charles Gay, a middle-of-the-roader with a vague repute for being "New Deal." Soon after Douglas became SEC chairman, Shields and Pierce...