Great Syndicate Buying Up

Total Page:16

File Type:pdf, Size:1020Kb

Great Syndicate Buying Up 0*0'0»0-0*-0-*0*0*0*-C 0‘0*0*0*0-,0"0*-0»-0'0*0"0*0,0—0-*0*'0 3 HEAVENS IN JANUARY | By PROFESSOR ERIC DOOLITTLE of the University of Pennsylvania. The New Year a Wonderful One for Astronomical Events—The Planet Venus Reaches Its Greatest Brightness January 7—Three Comets Visible. The year 1910 will be distinguished by be seen in the heavens until Venus be- most several interesting astronomical gins to draw out from behind the sun in events. First of all in importance is November. doubtless the return of Halley’s comet, There are three comets now visible in that wonderful celestial which to- object the sky. The first of these is a very ward the end of will shire out spring faint little object which returns to the so the brightly in evening sky that it sun HAT I every six years, and which now lies will attract the attention of one. every I so low down in the after Then here will be two total Southwest Just Interesting sunset that it cannot be well seen from eclipses of the moon, both visible northern observatories. throughout the 1'nited States and In tli* The second is a new bright little comet GOODNESS last month of the year an ooculation 01^ discovered on December 7. At its discov- the planet Saturn, a beautiful and un- ery it was at the point C, Figure a usual sight, which will repay observation 1, little above a straight line the with a small telescope. Joining Men of fashion, who stars D and E. At the time this is writ- I At all times of the year, except for ten its the and its about six weeks, there will be at least, path among fu- ! ture cannot be know what’s what, one bright planet in the evening sky, appearance predicted. and the observer will find it of much Finally, there is llalley’s comet, which the Interest to watch the varying motions during the month will move westward out recognize impor- of the Aries and appearances of these bodies as the constell^Jioa, along the path Boys and Men F. II.. 1. head- months go by. The planet Venus, which I Figure tance of the now shines out so very brilliantly in the | It was visible in a telescope of moder- ate but as it The time for Winter Clothes is and to southwest just after sunset, has already ] size, had passed nearest the selling growing short, previous taking In- \ wear as the finishing begun to draw west of that body and | sun thd day before and was then far out- (For enter the morning sky on February 12. side the orbit of the earth and rapidly : we are offering all our odds and ends at especially low prices. Plenty of time touch— ventory yet to wear heavy clothes, nearly three months more, but the time for selling not is solong. This new haber- dashery is showing We Prefer Money to Stock a most comprehen- And we are going to make Great Sacrifices to Secure It. The power of cut prices j line of the new- sive will move these Odds and Ends—we know it; now it is up to you—the consume-, to est and best models— blocks that command : I a Rich Harvest I I more than a passing JJSL Reap 0"™s glance. At This Sale! m wee? | > H SPIELBERGER H Men's Suits Our reputation for a square Boys’ & Children’s Overcoits deal is bound to attract you to $15.00, $12.00 and $10.00 $5.00 Overcoats, at ..$.89 BROTHERS 0»7 OQ our sale. You’ll certainly not values, at.V « •OiJ 4.00 Overcoats, at. 189 j want to miss this 3.00 1906 First Avenue $20.00, $18.00 and $15.00 opportunity Overcoats, at. 189 OQ i^Q Few sizes 3 f values, at.i —READ. years up to 16 years 8.00 Overcoats, at...<79 i REMARKABLE JOURNEY. $30.00, $25.00 and $20.00 04 /* I OQ 6.50 Overcoats, at.. <79 values, at.vJLV*0«F From the Niger to the Nile by Dr. Karl 5.00 Overcoats, at....79 Kumm. Odds and Ends, 3 years up to 16 ylars. f London, January 1.—(Special.)—Further particulars of the remarkable journey 50UTM Men's Overcoats from the Niger to the Nile, on which Dr. Karl Kumm, general secretary of the Su- Boys’ Suits 1—The 9 m. dan United Mission, has been engaged Figure constellations, January 1, p. and Raincoats since October of last year, have reached (When facing south, hold the map upright. If facing east, hold “East" (Regular Pants) if hold “West” and if hold | ILondon. below; west, below, facing north, map inverted.) $20.00, $15.00 and $12.00 In a letter dated from Wan. in the OQ WQ •••••••••••••a*•••••••• All and Suit Bahr-el-Ghazel, on October 14, Dr. Kumm values.W* ■ $3.00, $4.00 $5.00 Art difficulties gives particulars of the great During nearly the entire year it will re- drawing- away from us, it grew rapidly go at. that little and he encountered In traversing main a morning star, only returning to fainter, and can r.ow only be seen with $25.00, $20.00 $48.00 known region. The hardships endured the on 2*3. These are the evening heavens November the largest instruments. gg regular pant styles onl; his oxen and 1 g were terrible, succumbed, After this date we will see it slowly It is hoped that by the end of the month —but such values that the some of the caravan were reduced to liv- out from behind the but for you get pricei j moving sun, It will be to be seen in a even ! bright enough In this as is usual with all our of- lng on leaves and roots, and boiled many months afterward it will be very sale, to small telescope or good field glass. To ought make you buy them anyhow. J leather. much less brilliant than it is at pres- enable the observer to find it easily a | ferings, you’ll find honest values stitch- "I am to say," he writes, "that the ent. glad is Our price* will make it coatly to neglect ttala the larger map. Figure 3, added. difficulties we had apprehended from j This planet will reach its greatest ed with truthful words. 1916 Third Ave. *ale, for we hare linked with cut The comet is now moving rapidly to- quality ratia. j Senussi vanished, for the Senussi him- on 7. On and after brightness January ward the west the stars and draw- j came among self, with a thousand of his soldiers, this time the possessor of a small tele- lng nearer the sun. On March 23 It will out to meet me, and was friendliness scope should not fall to examine it. Even pass to the west of that body and enter i itself. a good held glass will show it as a the morning sky, but for some weeks be- He is afraid of the French and tried beautiful crescent, which dur- silvery fore this date it should have become to win my good opinion, so that I could ing the next few weeks will grow narrow- ; chain of | fo be seen with the naked Morgan banks Include the course, includes drug stores and whole- woman of Parts, she • him at Khar-Wumleft Ndele. thinnest bright enough lmmilately asks recommend er and narrower until it is the j First National the National Bank sale houses. on * eye. On it will paBs between the bank, Later, July 15, Sheriff me: 'Have seen and for 25 traversed unexplored ter- bow of The ob- May ip you suchind such a days imaginable little liglit. the of Commerce, the Chase National, the Higdon of Jefferson Issued, un- We earth and sun, re-entering evening county Have ritory, without roads or villages. server may notice that the horns of Trust play? you been to s<h and such and across the Liberty National, the Bankers’. der a state law, a list of “retail liquor in sky moving very rapidly SYNDICATE *“ five most terrible bridging more than GREAT an art days the crescent extend half way exhibition? What spent j the west to the east. For company, the Astor Trust company, the dealers of Jefferson county,” showing 441 do>ou think of no food, heavens from the Kolto river. My people had j around the planet, a fact which proves licenses this novel or of that philoaojical or his- several days after this date it will prob- Morton Trust company, the Guaranty Issued by the federal govern- and some of the Mecca pilgrims who were that our sister world has a con- torical book | clearly Trust the States Mort- ment. recently publlsiar .... ably be a conspicuous and striking ob- company, United me were starving. One old I siderable And I am forced to following atmosphere. gage and Trust company, the Equitable A person In Birmingham who Is well admit hat I have save the lives of the was so near ject. man died, and to The planet Mars, which UP BUS not Been the latest play, tit for more BUYING Trust the Mercantile Trust Informed, close to the astronomers of various company, being underground others I distributed all my personal food the earth and so brilliant last August, A committee of than ten X have not j the Manhattan Trust com- railways In the of years it my foot countries has been formed for the company, delivery package among them.
Recommended publications
  • Instructions for Using This Powerpoint Template
    2018 Interim Results For the six months ended 31 March 2018 Presentation and Investor Discussion Pack Westpac Banking Corporation | ABN 33 007 457 141 Westpac 2018 Interim Results index 2018 Interim Result Presentation 3 Image on front Investor Discussion Pack of 2018 Interim Result 28 The Westpac Rescue Helicopter Service in action Strategy 29 Image on right Overview 35 Performance discipline 38 Westpac head office, 275 Kent Street, Service leadership 40 Sydney Workforce revolution 42 Digital transformation 43 Sustainable futures 50 Earnings drivers 53 Revenue 54 Expenses 59 Impairment charges 61 Credit quality 62 Capital, Funding and Liquidity 84 Divisional results 95 Consumer Bank 96 Business Bank 99 BT Financial Group 102 Westpac Institutional Bank 106 Westpac New Zealand 109 Economics 115 Appendix and Disclaimer 130 Contact us 138 139 Disclaimer Brian Hartzer Chief Executive Officer WestpacFinancial results Banking based on Corporation cash earnings unless| ABN otherwise 33 007 stated 457 141 Refer page 36 for definition. Results principally cover the 1H18, 2H17 and 1H17 periods Comparison of 1H18 versus 2H17 (unless otherwise stated) 4 Consistency delivers • Cash earnings up 5% on 2H17 and 6% on 1H17 • Operating divisions performing well – all increased core earnings • Maintained discipline – prioritised return over growth • Increasing traction on efficiency • Continuing to build long-term franchise value • Well positioned for the changing landscape • Remain positive on the economic outlook Westpac Group 2018 Interim Results Presentation & Investor Discussion Pack 5 Headline results Change Change 1H18 1H18 – 2H17 1H18 – 1H17 Reported net profit after tax $4,198m 3% 7% Cash earnings $4,251m 5% 6% Cash EPS1 125.0c 4% 4% Common equity Tier 1 capital ratio2 10.5% (6bps) 53bps 3 Return on equity (ROE) 14.0% 37bps 1bp Net tangible assets per share $15.00 2% 5% 4 Margin (excl.
    [Show full text]
  • Commission Approves Deutsche Bank Takeover of Bankers Trust
    ,3 Brussels, 23 April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eutsche Bank AG, based in Frankfurt am Main, and Bankers Trust Corporation, based in New York, are active in all areas of banking and provide financial and other services. According to the terms of the merger agreement, Deutsche Bank's subsidiary, Circle Acquisition Corporation (CAC), will take over all Bankers Trust's ordinary shares, effectively making Bankers Trust a wholly-owned subsidiary of Deutsche Bank. In the EEA both companies are active in retail and wholesale banking, investment banking, currency markets and securities. As Bankers Trust is not a major player in retail banking and lending, Deutsche Bank's market share in these areas will not increase greatly. In investment banking Deutsche Bank moves up from sixteenth to fifteenth place in the EEA table. Both markets are fragmented and the new company will still face keen international competition. This is also true of the international securities and payment transactions markets.
    [Show full text]
  • Meet Our Speakers
    MEET OUR SPEAKERS DEBRA ABRAMOVITZ Morgan Stanley Debra Abramovitz is an Executive Director of Morgan Stanley and serves as Chief Operating Officer of Morgan Stanley Expansion Capital. Debra oversees all financial, administrative, investor relations and operational activities for Morgan Stanley Expansion Capital, and its predecessor Morgan Stanley Venture Partners funds. Debra also serves as COO of Morgan Stanley Credit Partners. Debra joined Morgan Stanley’s Finance Department in 1983 and joined Morgan Stanley Private Equity in 1988, with responsibility for monitoring portfolio companies. Previously, Debra was with Ernst & Young. Debra is a graduate of American University in Paris and the Columbia Business School. JOHN ALLAN-SMITH Barclays Americas John Allan-Smith leads the US Funds team for Corporate Banking at Barclays and is responsible for coordinating the delivery of products and services from our global businesses; ranging from debt, FX solutions, cash management and trade finance, to working capital lending and liquidity structures. John joined Barclays in 2014 and has 20 years of experience in the funds sector. Prior to joining Barclays, John worked at The Royal Bank of Scotland (RBS) in London, Stockholm and New York, spending 10 years in the RBS Leveraged Finance team. Subsequently, John had responsibility for the portfolios and banking sector of the Non-Core division of RBS in the Americas. John holds an ACA qualification from the Institute of Chartered Accountants of England and Wales and is a qualified accountant. He also has a BSc (Hons) in Chemistry from The University of Nottingham. ROBERT ANDREWS Ashurst LLP Robert is a partner in the banking group at Ashurst and is one of the most experienced funds finance specialists in Europe.
    [Show full text]
  • EMS Counterparty Spreadsheet Master
    1 ECHO MONITORING SOLUTIONS COUNTERPARTY RATINGS REPORT Updated as of October 24, 2012 S&P Moody's Fitch DBRS Counterparty LT Local Sr. Unsecured Sr. Unsecured Sr. Unsecured ABN AMRO Bank N.V. A+ A2 A+ Agfirst Farm Credit Bank AA- AIG Financial Products Corp A- WR Aig-fp Matched Funding A- Baa1 Allied Irish Banks PLC BB Ba3 BBB BBBL AMBAC Assurance Corporation NR WR NR American International Group Inc. (AIG) A- Baa1 BBB American National Bank and Trust Co. of Chicago (see JP Morgan Chase Bank) Assured Guaranty Ltd. (U.S.) A- Assured Guaranty Municipal Corp. AA- Aa3 *- NR Australia and New Zealand Banking Group Limited AA- Aa2 AA- AA Banco Bilbao Vizcaya Argentaria, S.A. BBB- Baa3 *- BBB+ A Banco de Chile A+ NR NR Banco Santander SA (Spain) BBB (P)Baa2 *- BBB+ A Banco Santander Chile A Aa3 *- A+ Bank of America Corporation A- Baa2 A A Bank of America, NA AA3AAH Bank of New York Mellon Trust Co NA/The AA- AA Bank of North Dakota/The AA- A1 Bank of Scotland PLC (London) A A2 A AAL Bank of the West/San Francisco CA A Bank Millennium SA BBpi Bank of Montreal A+ Aa2 AA- AA Bank of New York Mellon/The (U.S.) AA- Aa1 AA- AA Bank of Nova Scotia (Canada) AA- Aa1 AA- AA Bank of Tokyo-Mitsubish UFJ Ltd A+ Aa3 A- A Bank One( See JP Morgan Chase Bank) Bankers Trust Company (see Deutsche Bank AG) Banknorth, NA (See TD Bank NA) Barclays Bank PLC A+ A2 A AA BASF SE A+ A1 A+ Bayerische Hypo- und Vereinsbank AG (See UniCredit Bank AG) Bayerische Landesbank (parent) NR Baa1 A+ Bear Stearns Capital Markets Inc (See JP Morgan Chase Bank) NR NR NR Bear Stearns Companies, Inc.
    [Show full text]
  • Considering Stricter Regulation of the International Over-The-Counter Derivatives Market
    PRUDENCE OR PARANOIA: CONSIDERING STRICTER REGULATION OF THE INTERNATIONAL OVER-THE-COUNTER DERIVATIVES MARKET I. INTRODUCTION Recent reports of companies and municipalities losing millions of dollars from investments in over-the-counter (OTC) financial derivatives' have prompted foreboding headlines about derivatives,2 encouraged increased scrutiny of their use,3 and polarized opinions toward these misunderstood financial instruments.4 While OTC and 1. In April 1994, Procter & Gamble announced a $157 million derivatives loss which was taken as a pre-tax charge. Paulette Thomas, Procter& Gamble Sues Bankers Trust Because of Huge Losses on Derivatives, WALL ST. J., Oct. 28, 1994, at A6. Metallgesellschaft, Germany's fourteenth largest industrial corporation, lost $1.45 billion speculating in oil-based derivatives. Michael R. Sesit, Bulls on MetallgeselischaftSay German Firm, Hurt by TradingLosses, Could Stage Rebound, WALL ST. J., July 25, 1994, at C2. In December 1994, Orange County, California declared bankruptcy after losing approximately $1.5 billion from derivatives products. Bitter FruitOrange County, Mired In Investment Mess, Filesfor Bankruptcy, WALL ST. J., Dec. 7, 1994, at Al. Barings, a venerable British bank, was recently sunk by a "rogue trader" who lost about $900 million using derivatives instruments. The Bank that Disappeared,ECONOMIST, Mar. 4, 1995, at 11. 2. See, e.g., Jane Bryant Quinn, Just When You Thought It Was Safe... ; Derivatives Present a New Risk, Even If You Think You're Not Involved, CHI. TRB., Apr. 25,1994, at Cl; Ruth Simon, Don't Get Socked by These #?@1* Derivatives, MONEY, Aug. 1994, at 26; Jim Gallagher, It's a Bet" No Getting Around Derivatives' High Risk, ST.
    [Show full text]
  • (PDF:) Consolidated Subsidiaries
    Deutsche Bank 02 – Consolidated Financial Statements 326 Financial Report 2010 Additional Notes 42 – Shareholdings Deutsche Bank 02 – Consolidated Financial Statements 326 Financial Report 2010 Additional Notes 42 – Shareholdings Consolidated Subsidiaries 42 – Shareholdings Consolidated Subsidiaries – 327 Special Purpose Entities – 349 Companies accounted for at equity – 364 Other Companies, where the holding equals or exceeds 20% – 368 Holdings in large corporations, where the holding exceeds 5% of the voting rights – 370 The following pages show the Shareholdings of Deutsche Bank Group pursuant to Section 313 (2) of the German Commercial Code ("HGB"). Footnotes: 1 Controlled via managing general partner. 2 Controlled due to board membership. 3 Controlled, as potential currently exercisable voting rights are held, which can increase Deutsche Bank Group's interest to above 50%. 4 Special Fund. 5 Controlled. 6 Classified as held for sale pursuant to IFRS 5. 7 Only specified assets and related liabilities (silos) of this entity were consolidated. 8 Consists of 768 individual Trusts (only variing in series number / duration) which purchase a municipal debt security and issue short puttable exempt adjusted receipts (SPEARs) and long inverse floating exempt receipts (LIFERs) which are then sold to investors. 9 Accounted for at equity due to significant influence. 10 Name of company changed per 18.01.2011 from Argon New S.à r.l. 11 Not controlled. 12 Classified as Special Purpose Entity not to be consolidated under IFRS. 13 Classified as Special Purpose Entity not to be accounted for at equity under IFRS. 14 Not consolidated or accounted for at equity as classified as securities available for sale.
    [Show full text]
  • Money Trust Investigations. 1912-1913
    MONEY TRUST INVESTIGATION INVESTIGATION OF FINANCIAL AND MONETARY CONDITIONS IN THE UNITED STATES UNDER HOUSE RESOLUTIONS NOS. 429 AND 504 BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY PART 25 WASHINGTON GOVERNMENT PRINTING OFFICE Digitized for FRASER 1813 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY. HOUSE OF REPRESENTATIVES. ARSENF. P. PUJO, Louisiana, Chairman. WILLIAM Q. BROWN, West Virginia. GEORGE A. NEELEY, Kansas. ROBERT h. DOUOHTON, North Carolina. HENRY McMORRAN, Michigan. HUBERT D. STEPHENS, Mississippi. EVERIS A. HAYES, California. JAMES A. DAUQHER.TY, Missouri. FRANK E. GUERNSEY, Maine. JAMES F. BYRNES, South Carolina. WILLIAM H. HEALD, Delaware. R. W, FONTENOT, Clerk. A. M. MCDEEMOTT, Assistant Clerk. n Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MONEY TRUST INVESTIGATION. SUBCOMMITTB OF THE COMMITTEE ON BANKING AND CURRENCY, HOUSE OF REPRESENTATIVES. Washington, D. C, Thursday, January 23,1913. The subcommittee met at 11.15 o'clock a. m. Present: Messrs. Pujo (chairman), Stephens, Daugherty, Neeley, Byrnes, and Doughton. Present also: Samuel Untermyer, Esq., of New York City, counsel for the committee. TESTIMONY OF THOMAS W. JOYCE. The witness was sworn by the chairman. Mr. UNTEMYER. "Will you be good enough to state your residence and occupation? Mr. JOYCE. 663 Willoiighby Avenue, Brooklyn, N. Y. I occupy a position with J. P. Morgan & Co. known as that of security clerk. Mr. UNTERMYER. HOW long have you been connected with J. P. Morgan & Co.? Mr. JOYCE. Twenty-eight years. Mr. UNTERMYER. Will you be good enough to describe the business of the department over which you preside, in which your position is known as that of security clerk ? Mr.
    [Show full text]
  • The Panic of 1907: JP Morgan, Trust Companies, and the Impact of the Financial Crisis
    Preliminary Draft. Comments Welcome. The Panic of 1907: JP Morgan, Trust Companies, and the Impact of the Financial Crisis Carola Frydman* Boston University and NBER Eric Hilt Wellesley College and NBER Lily Y. Zhou Federal Reserve Bank of New York Abstract: The outbreak of the Panic of 1907 occurred following a series of scandalous revelations about the investments of some prominent New York financiers, which triggered widespread runs on trust companies throughout New York City. The connections between the trust companies that came under severe strain during the crisis, and their client firms, may have transmitted the financial crisis to nonfinancial companies. Using newly collected data, this paper investigates whether corporations with close ties to trust companies were differentially affected during the panic. The results indicate that firms connected to trust companies that faced severe runs performed worse in the years following 1907. The data also suggest that many of the rescue efforts organized by J.P. Morgan may have been motivated by self-interest. * Emails: [email protected]; [email protected]; and [email protected]. We would like to thank seminar participants at Columbia University and the Russell Sage Foundation for helpful comments and suggestions. 1. Introduction Many economists have drawn parallels between the current financial crisis and the Panic of 1907. Just as the crisis of 2007 originated in runs on the “shadow banking system,” a relatively new and unregulated source of lending funded by liabilities that were uninsured, the Panic of 1907 originated in runs on a newly popular form of financial intermediary, trust companies, which faced little regulation and offered deposits that were not insured.
    [Show full text]
  • SEC News Digest, 12-4-1998
    Issue 98-233 December 4, 1998 INVESTMENT COMPANY ACT RELEASES NIKE SECURITIES L.P., ET AL. An order has been issued on an application filed by Nike Securities L.P. and First Trust Special Situations Trust (Trust) for an exemption from Section 17 (a) of the Investment Company Act. The order permits a terminating series of the Trust to sell portfolio securities to a new series of the Trust. (Rel. IC-23583 -December 2 WESTERN-SOUTHERN LIFE ASSURANCE COMPANY, ET AL. A notice has been issued giving interested persons until December 28 to request a hearing on an application filed by Western-Southern Life Assurance Company, The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company Separate Account 1, Western-Southern Life Assurance Company Separate Account 2, and The Western and Southern Life Insurance Company Separate Account A seeking an order pursuant to Section 26 (b) of the Investment Company Act approving certain proposed substitutions of securities, and pursuant to Section 17 (b) of the Act exempting related transactions from Section 17 (a) of the Act. (Rel. IC-23584 - December 2) KBK FINANCIAL, INC ., ET AL . An order has been issued on an application filed by KBK Financial Inc. (Financial) and its wholly-owned subsidiary, KBK Receivables Corporation (Subsidiary), for an exemption from Sections 2 (a)(48) and 55 (a) of the Investment Company Act. The order permits Financial, which will elect to be regulated as a business development company (BDC) under the Act, to look to the Subsidiary's assets, rather than Financial's interest in the Subsidiary itself, in determining whether Financial meets certain requirements for BDCs under the Act.
    [Show full text]
  • Discovering Alex. Brown
    DISCOVERING ALEX. BROWN Institutional-quality investment opportunity and comprehensive wealth management advice for sophisticated clients From its inception, the partnership between Alex. Brown and Raymond James has been about offering clients the best of both firms - marrying the heritage and ingenuity of a highly regarded boutique with the far-reaching capabilities and unparalleled support of one of the largest wealth management firms in the United States. Together, we provide individuals and institutions with personalized solutions to even the most complex financial needs. Alex. Brown has raised the bar with a signature approach to Alex. Brown investing that our distinguished clients demand and deserve. A HERITAGE OF TRUSTED EXPERTISE, Our powerful partnership with Raymond James adds breadth SPANNING TWO CENTURIES and depth to our boutique services, which include traditional and alternative investment opportunities, asset and risk 1800 management, lending, investment banking, global custody* Irish-born Alexander and wealth management. Brown immigrates to Baltimore and founds 1808 Whether we are providing professional investment consulting the first investment bank in the United States Alex. Brown organizes the or comprehensive financial planning, our elite clients rely on us first initial public offering for timely advice and guidance. We help create the successful in the United States, for the Baltimore Water Company future our clients envision through proprietary offerings and access to high-quality investment opportunities. 1824 The investment bank issues the first 1827 letter of credit for an Brown and his son George Capabilities to address every international traveler lead and sponsor the development of the first financial matter major American railroad, the Baltimore and Ohio Railroad 1933 Our singular focus on helping you grow and preserve Alex.
    [Show full text]
  • Mccoll's Revolution: the Rt Iumph of the South Frances Clement
    NORTH CAROLINA BANKING INSTITUTE Volume 5 | Issue 1 Article 20 2001 McColl's Revolution: The rT iumph of the South Frances Clement Follow this and additional works at: http://scholarship.law.unc.edu/ncbi Part of the Banking and Finance Law Commons Recommended Citation Frances Clement, McColl's Revolution: The Triumph of the South, 5 N.C. Banking Inst. 549 (2001). Available at: http://scholarship.law.unc.edu/ncbi/vol5/iss1/20 This Book Review is brought to you for free and open access by Carolina Law Scholarship Repository. It has been accepted for inclusion in North Carolina Banking Institute by an authorized administrator of Carolina Law Scholarship Repository. For more information, please contact [email protected]. McColl's Revolution: The Triumph of the South A Book Review of McColl: The Man with America's Money by Ross Yockey I. INTRODUCTION Ross Yockey's biography allows Hugh McColl to add yet another trophy to the wall as further testimony of McColl's extraordinary vision and leadership! McColl, however, did not intend this biography merely to extol his achievements, but to give America a picture of his true character broader than the typical military caricature.! McColl and Joe Martin, one of McColl's most trusted aides and main image consultant, originated the idea of his biography Thus, McColl, tired of journalism's pasquinades, authorized Yockey to write a biography depicting McColl's values, leadership, and enjoyment of shaking things up.4 Martin found Yockey, and McColl agreed that Yockey was the person to write his biography, perhaps because he was "never part of the business press," whom McColl avoided Yockey had first met and 1.
    [Show full text]
  • 14 Wall Street Building (Bankers Trust Building)
    Landmarks Preservation Commission January 14, 1997; Designation List 276 LP-1949 14 WALL STREET BillLDING (Formerly Bankers Trust Building), 14 Wall Street (aka 8-20 Wall Street; 1-11 Nassau Street; and 7-15 Pine Street), Manhattan. Built 1910-12; architect Trowbridge & Livingston; addition, 1931-33, architect Shreve, Lamb & Harmon. Landmark Site: Borough of Manhattan Tax Map Block 46, Lot 9. On September 17, 1996, the Landmarks Preservation Commission held a public hearing on the proposed designation as a Landmark of the 14 Wall Street Building, and the proposed designation of the related Landmark Site (Item No. 1). 1 The hearing was continued to November 19, 1996 (Item No. 1). The hearings had been duly advertised in accordance with the provisions of Jaw. Three witnesses -- Council Member Kathryn Freed and representatives of the Municipal Art Society and New York Landmarks Conservancy -­ spoke in favor of designation; there were no speakers in opposition. The owner of the property has not expressed opposition to this designation. Summary The 14 Wall Street Building, with its distinctive pyramidal roof, is one of the great towers that define the lower Manhattan sky line. Located in the heart of the financial district, the building was erected in 1910-12 for the Bankers Trust Company. Symbolizing the importance of the company, the 539-foot-high 14 Wall Street Building was the tallest bank building in the world when it was completed. Designed by the prestigious firm of Trowbridge & Livingston, this granite-clad tower incorporated the latest in building technologies and was one of the first buildings to employ a cofferdam foundation system.
    [Show full text]