Word: whitneys
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Dates: during 1930-1939
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...much better job of establishing substantial information about private banking on which to base legislation. With time to search and prepare, he never dropped a question until he got his answer. Yet it was not Banker Morgan who supplied him with most of his facts but Partner George Whitney, tall, handsome, slick-haired brother of President Richard Whitney of the New York Stock Exchange. Mr. Whitney (known on Wall Street as "Icicle") gave the committee the impression that he knew more about the House of Morgan than anyone else...
...Hoover, Arkansas' Harvey Couch, now on R. F. C., Connecticut's G. O. P. Boss John Henry Roraback. The only "friend" revealed as having turned down a Morgan offer on ethical grounds was Board Chairman Edward Grant Buckland of New York, New Haven & Hartford R. R. Partner Whitney made a spirited defense of his firm's practice on the ground that its beneficiaries were willing and financially able to risk possible losses, did not have to borrow to buy, were not likely to dump their holdings for a quick profit and thus unsettle the market...
...completely surrounded by as many spectators as could jam into the room. In tribute to the drawing power of the late great Morgan, his namesake was kept on the stand as much as possible though he could give few details. To get an accurate account of transactions Partner Whitney had to bear the brunt of questioning. When the house had been sold out for three successive days, the show moved into the Senate Caucus Room, largest available. Said Senator Glass: "All that is lacking is peanuts and pink lemonade...
Alleghany Corp. Standard Brands J. P. Morgan 40,000 28,750 Thomas W. Lament 18,000 20,000 Thomas Cochran 15,000 25,000 George Whitney 14,000 50,000 Charles Steele 14,000 5,000 P. C. Leffingwell 13,500 10,000 F. D. Bartow 11,500 11,000 A. M. Anderson 11,500 10,000 William Ewing 10,000 10,000 Harold Stanley 10,000 9,970 Junius S. Morgan Jr. 8,000 Edward Hopkinson Jr. 4,500 Henry S. Morgan 4,100 1,000 T. Newhall 4,000 F. T. Stotesbury 4,000 H. G. Lloyd...
...believe, would be Laissez Faire. Until 1930, when stockbroking as a whole fell into public disrepute, the Exchange was content to make sure that its members were personally straight. Since that time it has given a good deal of thought and some lip service to Reform. President Richard Whitney from time to time made footling pleas that all companies listed on the Big Board issue in the interest of their shareholders honest, complete and accurate statements. Many an offending concern indifferently shrugged its shoulders, the plain implication being that Mr. Whitney would do well to mind his own business. Last...