Word: williston
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Dates: during 1960-1969
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Still, his purchases were so enormous that he needed plenty of credit. He got loans from two old-line Wall Street brokers, Ira Haupt and J. R. Williston & Beane, who also handled his futures trading and pocketed commissions totaling up to $100,000 a month. For collateral, they took De Angelis' warehouse receipts for the nonexistent oil. In turn, the brokerage houses used this paper to borrow money from such eminent banks as Chase Manhattan and Continental Illinois...
...public's trust in the market, put up $9.5 million to pay off Haupt's anxious customers. The New York Produce Exchange halted all trading in cottonseed oil. Tino's major company. Allied Crude Vegetable Oil Refining Corp., tumbled into bankruptcy. Wall Street's Williston & Beane was obliged by a capital shortage to merge into a stronger firm, Walston & Co. Tino's dazed creditors finally began peering into those Bayonne tanks. Instead of finding 1.8 billion lbs. of oil for which they held receipts, they found scarcely 100 million Ibs.-a shortage worth $130 million...
...meetings with the three House Councils, the Deans passed on a Cambridge police request that head residents try to keep 'Cliffies in their dormitories during a riot. The head residents were asked to report uncooperative girls to the Deans, who would be "very severe," according to Catherine D. Williston, Dean of North House...
...certainly not that we don't like spring riots," Dean Williston said, 'but we're especially concerned about the safety of the boys. Nobody wants a dead body because girls have egged the boys on to climb up the dormitory walls," she added...
...During the May 10 riot the Buildings and Grounds people wouldn't let the police into the dormitories because they had been ordered to let no one one in," one head resident said. Dean Williston said that the Radcliffe and Cambridge policing agencies have now coordinated their orders...