Word: yorke
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Dates: during 1930-1939
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...everybody knew, the vacancy was left by Richard Whitney, onetime president of the New York Stock Exchange, who was caught last fortnight stealing his customers' securities (TIME, March 21). Other sequels to the Whitney scandal last week included: 1) his expulsion forever from the Stock Exchange; 2) suspension for three years of his floor partners, Edwin D. Morgan Jr. and Henry D. Mygatt, because Exchange custom demands such a penalty even though they were exonerated of any knowledge of the criminal acts; 3) filing of bankruptcy petitions by Partners Mygatt and F. Kingsley Rodewald; 4) a plea of guilty...
Until last week no other State had copied Massachusetts. That, however, was not so surprising as that no big old-line insurance company protested with much enthusiasm when New York's Governor Herbert H. Lehman began last January to persuade his Legislature to allow New York's savings banks to issue life insurance. When the Massachusetts law was passed the companies were still slightly groggy from the 1906 investigation by the Charles Evans Hughes Committee and they said little. But whenever the subject came up in other States they said plenty. In New York, however, opposition came chiefly...
...York law as passed last week provides that no bank can issue more than $1,000 insurance to one person and no life can be insured in the savings banks for more than $3,000. So insurance will be confined largely to the small industrial policies which the companies consider profitable but a perennial nuisance. Industrial insurance has attracted criticism out of all proportion to its size. In fact, an investigation of the insurance business is pending in Albany. Insurance companies will probably not be sorry to lose some of their industrial insurance business. Meanwhile, only a handful...
Commodore William A. W. Stewart of the New York Yacht Club last week made the following dry announcement: "Mr. DeCoursey Fales has been appointed treasurer of the club to fill the vacancy...
...Cambridge fifteen has three more encounters before concluding its first American tour since 1934. The remaining games are with Princeton and two all-star aggregations at New York. Following Saturday's victory, the English squad were the guests for dinner at the Harvard Club of Boston...