Word: wiggineers
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...position is Chairman of the Governing Board, the board to consist of principal senior officers, much as the "Managing Directors" or "Council of Directors"' used by many foreign banks. Into this position will go Albert Henry Wiggin, genial, well-known Chairman of Chase. Banker Wiggin is really self-made, having no college education, no "affiliations." A strenuous hiker, he often made the famed passage of "from Midtown to Wall Street," with Charles Hamilton Sabin of Guaranty Trust and the late Henry P. Davison of J. P. Morgan & Co. Almost as prime as Chase is among banks is his collection...
...first only gossip, the deal seemed a certainty when Winthrop Williams Aldrich, president of Equitable Trust Co., was seen in the office of Albert Henry Wiggin, chairman of Chase National Bank, and when no denials were issued. A combination of these two banks would create an institution with resources of $2,728,800,000 exclusive of securities affiliates, making the new bank the biggest in the world. On Dec. 31 the ranking of large banks...
...Mergers contributing to this have been with Metropolitan Bank in 1921, Mechanics & Metals National in 1926, Mutual Bank in 1927, National Park Bank and Garfield National in 1929. Also, last year Chase acquired American Express Co. Chairman of Chase since 1918 has been Albert Henry Wiggin. In 1914 Mr. Wiggin was chairman of the Clearing House Committee and the Gold Fund Committee. In the winter of 1917 he was Fuel Administrator of New York State. Potent in Manhattan banking, it is generally expected that Mr. Wiggin will head the combined institution...
...House of Morgan. Although an excited Hearst reporter would have it that the Head of the House was present, actually, John Pierpont Morgan was in Europe. It was Partner Thomas W. Lament with whom conferred Charles E. Mitchell, National City Bank; William C. Potter, Guaranty Trust; Albert H. Wiggin, Chase National Bank; Seward Prosser, Bankers Trust. These men controlled resources of more than $6,000,000,000. They .met briefly; they issued no formal statement. But to newsmen, Mr. Lamont remarked that brokerage houses were in excellent condition, that the liquidation appeared technical rather than fundamental. He also conveyed, without...
...Life Assurance Company of Canada (one of the largest of institutional stock-buyers) : "The present crisis in the stock market squeezes out inflation caused by speculation, and we have taken opportunity largely to increase our holdings, and we are still buying." Said Chase National's Albert Wiggin: "None of the corporations or institutions I am connected with is selling stocks at this time. We are buying." President Hoover said that U. S. Industry was on a sound basis. The banking group also met again Monday evening and on Tuesday was again quoted as standing firmly (bulls thought...