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Bear Stearns Companies
Strategic Report JPMorgan Chase Acquisition of The Bear Stearns Companies Harkness Consulting Innovation through Collaboration Sayre Craig Jason Cincotta Jennifer Wilcox April 14, 2008 Table of Contents Project Overview ………………………………….…………………..3 Acquisition Overview ……………………………….………………..3 Corporate Histories ……………………………………………………5 Financial Analysis ….…………………………………………………12 Bear Stearns’s Business Segments……………………….…….17 JPMorgan Chase-Bear Stearns Integration…………………..21 Strategic Recommendations……...……………………………….23 Harkness Consulting 2 Project Overview JPMorgan Chase asked Harkness Consulting to devise an appropriate strategy concerning the acquisition and integration of the various divisions of The Bear Stearns Companies Inc. The following report will give a background on the acquisition, a history of both the acquirer and the acquiree, analyze the financial condition of the acquiree, examine the various divisions of the acquiree, determine an appropriate integration strategy, and make strategic recommendations to Mr. Jaime Dimon, CEO of JPMorgan Chase, based on the aforementioned analysis. Acquisition Overview On Sunday March 16, 2008, JPMorgan Chase (JPM) announced that it would purchase The Bear Stearns Companies Inc. (BSC) for $2 a share and assume all of its liabilities and obligations outstanding as of that time. At the same time, JPMorgan announced that the Federal Reserve Bank of New York (FRBNY) planned to establish a $30 billion non‐recourse lending facility to JPMorgan for the purpose of the acquisition in which the FRBNY would assume $30 billion of illiquid securities as collateral for the loan. On Monday March 24, JPMorgan, in the wake of widespread protest by Bear Stearns shareholders and employees over the $2 per share purchase price, increased its offering price to $10 per share. At the same time, FRBNY revised the terms of the special lending facility so that JPM would assume the first billion dollars of losses on the $30 billion of illiquid securities with the FRBNY assuming the next $29 billion of losses. -
Alexander Hamilton and the Development of American Law
Alexander Hamilton and the Development of American Law Katherine Elizabeth Brown Amherst, New York Master of Arts in American History, University of Virginia, 2012 Master of Arts in American History, University at Buffalo, 2010 Bachelor of Science in Applied Economics and Management, Cornell University, 2004 A Dissertation presented to the Graduate Faculty of the University of Virginia in Candidacy for the Degree of Doctor of Philosophy Department of History University of Virginia May, 2015 This dissertation is dedicated to the memory of Matthew and Theresa Mytnik, my Rana and Boppa. i ABSTRACT ―Alexander Hamilton and the Development of American Law,‖ is the first comprehensive, scholarly analysis of Alexander Hamilton‘s influence on American jurisprudence, and it provides a new approach to our understanding of the growth of federal judicial and executive power in the new republic. By exploring Hamilton's policy objectives through the lens of the law, my dissertation argues that Hamilton should be understood and evaluated as a foundational lawmaker in the early republic. He used his preferred legal toolbox, the corpus of the English common law, to make lasting legal arguments about the nature of judicial and executive power in republican governments, the boundaries of national versus state power, and the durability of individual rights. Not only did Hamilton combine American and inherited English principles to accomplish and legitimate his statecraft, but, in doing so, Hamilton had a profound influence on the substance of American law, -
American Book-Plates, a Guide to Their Study with Examples;
BOOK PLATE G i ? Y A 5 A-HZl BOUGHT WITH THE INCOME PROM THE SAGE ENDOWMENT "FUND THE GIFT OF Weuru m* Sage 1891 /un^x umtim 1969 MB MAR 2 6 79 Q^tJL Cornell University Library Z994.A5 A42 American book-plates, a guide to their s 3 1924 029 546 540 olin Cornell University Library The original of this book is in the Cornell University Library. There are no known copyright restrictions in the United States on the use of the text. http://www.archive.org/details/cu31924029546540 AMERICAN BOOK-PLATES (EX-LIBRIS) j&m. American Book-Plates A Guide to their Study with Examples By Charles Dexter Allen Member Ex-Libris Society London • Member Grolier Club New York Member Connecticut Historical Society Hartford With a Bibliography by Eben Newell Hewins Member Ex-Libris Society Illustrated with many reproductions of rare and interesting book-plates and in the finer editions with many prints from the original coppers both old and recent * ^XSU-- 1 New York • Macmillan and Co. • London Mdcccxciv All rights reserved : A-77<*0T Copyright, 1894, By MACMILLAN AND CO. NotfoootJ JSrniB — Berwick Smith. J. S. Cushing & Co. & Boston, Mass., U.S.A. PREFACE. a ^ew ears Book-plate i, ^ litera- II , i|i|lW|lfl|||| Y ture w*^ ^ ave a ace n tne iiSill illllll P^ ' mWnmi i&lfflBH catalogues of the Libraries, as it now has in those of the dealers in books. The works of the Hon. J. Leicester Warren (Lord de Tabley), Mr. Egerton Castle, and Mr. W. J. Hardy on the English plates, Mr. -
This Week in New Brunswick History
This Week in New Brunswick History In Fredericton, Lieutenant-Governor Sir Howard Douglas officially opens Kings January 1, 1829 College (University of New Brunswick), and the Old Arts building (Sir Howard Douglas Hall) – Canada’s oldest university building. The first Baptist seminary in New Brunswick is opened on York Street in January 1, 1836 Fredericton, with the Rev. Frederick W. Miles appointed Principal. Canadian Pacific Railway (CPR) becomes responsible for all lines formerly January 1, 1912 operated by the Dominion Atlantic Railway (DAR) - according to a 999 year lease arrangement. January 1, 1952 The town of Dieppe is incorporated. January 1, 1958 The city of Campbellton and town of Shippagan become incorporated January 1, 1966 The city of Bathurst and town of Tracadie become incorporated. Louis B. Mayer, one of the founders of MGM Studios (Hollywood, California), January 2, 1904 leaves his family home in Saint John, destined for Boston (Massachusetts). New Brunswick is officially divided into eight counties of Saint John, Westmorland, Charlotte, Northumberland, King’s, Queen’s, York and Sunbury. January 3, 1786 Within each county a Shire Town is designated, and civil parishes are also established. The first meeting of the New Brunswick Legislature is held at the Mallard House January 3, 1786 on King Street in Saint John. The historic opening marks the official business of developing the new province of New Brunswick. Lévite Thériault is elected to the House of Assembly representing Victoria January 3, 1868 County. In 1871 he is appointed a Minister without Portfolio in the administration of the Honourable George L. Hatheway. -
Few Americans in the 1790S Would Have Predicted That the Subject Of
AMERICAN NAVAL POLICY IN AN AGE OF ATLANTIC WARFARE: A CONSENSUS BROKEN AND REFORGED, 1783-1816 Dissertation Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State University By Jeffrey J. Seiken, M.A. * * * * * The Ohio State University 2007 Dissertation Committee: Approved by Professor John Guilmartin, Jr., Advisor Professor Margaret Newell _______________________ Professor Mark Grimsley Advisor History Graduate Program ABSTRACT In the 1780s, there was broad agreement among American revolutionaries like Thomas Jefferson, James Madison, and Alexander Hamilton about the need for a strong national navy. This consensus, however, collapsed as a result of the partisan strife of the 1790s. The Federalist Party embraced the strategic rationale laid out by naval boosters in the previous decade, namely that only a powerful, seagoing battle fleet offered a viable means of defending the nation's vulnerable ports and harbors. Federalists also believed a navy was necessary to protect America's burgeoning trade with overseas markets. Republicans did not dispute the desirability of the Federalist goals, but they disagreed sharply with their political opponents about the wisdom of depending on a navy to achieve these ends. In place of a navy, the Republicans with Jefferson and Madison at the lead championed an altogether different prescription for national security and commercial growth: economic coercion. The Federalists won most of the legislative confrontations of the 1790s. But their very success contributed to the party's decisive defeat in the election of 1800 and the abandonment of their plans to create a strong blue water navy. -
Freedom of the Press: Croswell's Case
Fordham Law Review Volume 33 Issue 3 Article 3 1965 Freedom of the Press: Croswell's Case Morris D. Forkosch Follow this and additional works at: https://ir.lawnet.fordham.edu/flr Part of the Law Commons Recommended Citation Morris D. Forkosch, Freedom of the Press: Croswell's Case, 33 Fordham L. Rev. 415 (1965). Available at: https://ir.lawnet.fordham.edu/flr/vol33/iss3/3 This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Law Review by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. Freedom of the Press: Croswell's Case Cover Page Footnote The instant study was initiated by Professor Vincent C. Hopkins, S.J., of the Department of History, Fordham University, during 1963. In the spring of 1964 be died, leaving an incomplete draft; completion necessitated research, correction, and re-writing almost entirely, to the point where it became an entirly new paper, and the manuscript was ready for printing when the first olumev of Professor Goebel's, The Law Practice of Alexander Hamilton (1964), appeared. At pages 775-SO6 Goebel gives the background of the Croswell case and, because of many details and references there appearing, the present article has been slimmed down considerably. However, the point of view adopted by Goebel is to give the background so that Hamilton's participation and argument can be understood. The purpose of the present article is to disclose the place occupied by this case (and its participants) in the stream of American libertarian principles, and ezpzdally those legal concepts which prevented freedom of the press from becoming an everyday actuality until the legislatures changed the common law. -
New-York Historical Society I Quarterly Bulletin
1 THE NEW-YORK HISTORICAL SOCIETY I QUARTERLY BULLETIN VOL. XX OCTOBER, 1936 No. 4 HUDSON RIVER STEAMBOAT SARATOGA Built in 1877 for the Citizens Night Line, of Troy, N Y. Painted by James Bard, New York, 1881 (Purchased by the Society, 1936) PUBLISHED BY THE SOCIETY AND ISSUED TO MEMBERS NEW YORK: 170 CENTRAL PARK WEST THE NEW-YORK HISTORICAL SOCIETY, 170 CENTRAL PARK WEST (Erected by the Society 1908) Wings to be erected on the 76th and 77th Street corners OFFICERS OF THE SOCIETY Until January 4, 1938 PRESIDENT FOREIGN CORRESPONDING SECRETARY JOHN ABEEL WEEKES ARCHER MILTON HUNTINGTON FIRST VICE-PRESIDENT DOMESTIC CORRESPONDING SECRETARY R. HORACE GALLATIN ERSKINE HEWITT SECOND VICE-PRESIDENT RECORDING SECRETARY ROBERT E. DOWLING DEWITT M. LOCKMAN THIRD VICE-PRESIDENT TREASURER B. W. B. BROWN GEORGE A. ZABRISKIE FOURTH VICE-PRESIDENT LIBRARIAN AUGUSTUS C. HONE ALEXANDER J. WALL The New York Historical Society is not responsible for statements in signed articles. THE RAMAGE MINIATURES OF GEORGE WASHINGTON By JOHN HILL MORGAN William Dunlap, to whose book we look as the foundation for our knowledge concerning our early artists, has little to say regard ing John Ramage. In fact, he dismisses this interesting painter with less than a page of text, and did not mention, if he knew, that Ramage had painted at least one portrait of President Washington from life. Yet, Dunlap's page I contained most of our knowledge concerning Ramage until the discovery, a few years ago, of a number of letters, documents and other data concerning Ramage, including his work desk, still in the possession of a descendant. -
54 Macdougal Street in Proposed South Village Historic District
February 25, 2013 Speaker Christine Quinn New York City Council 224 West 30th Street, #1206 New York, NY 10001 Chair Robert Tierney NYC Landmarks Preservation Commission 1 Centre Street, 9th floor New York, NY 10007 Re: Impending Demolition of 54 MacDougal Street in Proposed South Village Historic District Dear Speaker Quinn and Chair Tierney: I write to bring to your attention the impending demolition of yet another historic structure in the proposed South Village Historic District, a nearly two-hundred year old house and rear structure at 54 MacDougal Street. I urge you to take immediate action to prevent further destruction to this historic and imminently endangered neighborhood. Demolition permits have just been filed for this structure at King Street. According to GVSHP’s research, the house was built to two-and-a-half stories with the sloped roof and dormers characteristic of a federal house some time before 1827, and extended to a full three stories in 1874. Demolition permits have also been filed for a one-story rear structure behind it, likely a backhouse. While modestly altered over the years, this structure clearly maintains the basic elements of an early 19th century lower Manhattan house. Though it began as a residence, over the years the structure has housed model railroad supply companies, art galleries, and antique stores. Its historic look and feel even made it a perfect setting for “Rosenberg’s Jewelry Store” in the 1997 film “Men In Black.” Located at the head of King Street, 54 MacDougal is visually prominently and serves as one of many recognizable “gateways” to the South Village. -
Dilemma of the American Lawyer in the Post-Revolutionary Era, 35 Notre Dame L
Notre Dame Law Review Volume 35 | Issue 1 Article 2 12-1-1959 Dilemma of the American Lawyer in the Post- Revolutionary Era Anton-Hermann Chroust Follow this and additional works at: http://scholarship.law.nd.edu/ndlr Part of the Law Commons Recommended Citation Anton-Hermann Chroust, Dilemma of the American Lawyer in the Post-Revolutionary Era, 35 Notre Dame L. Rev. 48 (1959). Available at: http://scholarship.law.nd.edu/ndlr/vol35/iss1/2 This Article is brought to you for free and open access by NDLScholarship. It has been accepted for inclusion in Notre Dame Law Review by an authorized administrator of NDLScholarship. For more information, please contact [email protected]. THE DILEMMA OF THE AMERICAN LAWYER IN THE POST-REVOLUTIONARY ERA Anton-Hermann Chroust* On the eve of the Revolution the legal profession in the American colonies,' in the main, had achieved both distinction and recognition. It had come to enjoy the respect as well as the confidence of the people at large. This is borne out, for instance, by the fact that twenty-five of the fifty-six signers of the Declaration of Independence, and thirty-one of the fifty-five members of the Constitutional Convention were lawyers. Of the thirty-one lawyers who attended the Constitutional Convention, no less than five had studied law in England.2 The American Revolution itself, directly and indirectly, affected the legal profession in a variety of ways. First, the profession itself lost a considerable number of its most prominent members; secondly, a bitter antipathy against the lawyer as a class soon made itself felt throughout the country; thirdly, a strong dislike of everything English, including the English common law became wide- spread; and fourthly, the lack of a distinct body of American law as well as the absence of American law reports and law books for a while made the administra- tion of justice extremely difficult and haphazard. -
The New York Genealogical and Biographical Record for Janu- Ary, 1875 (Vol
Digitized by the Internet Archive in 2008 with funding from The Library of Congress http://www.archive.org/details/newyorkgenealog20newy THE NEW YORK Genealogical and Biographical Record. DEVOTED TO THE INTERESTS OF AMERICAN GENEALOGV AND BIOGRAPHY. ISSUED QUARTERLY. VOLUME XX., 1889 PUBLISHED BY THE SOCIETY, Berkeley Lyceum, No. 19 West 44TH Street, NEW YORK CITY. K^ 4124 PUBLICATION COMMITTEE: Rev. BEVERLEY R. BETTS, Chairman. Dr. SAMUEL S. PURPLE Gen. J AS. GRANT WILSON. Mr. THOS. G. EVANS. Mr. EDWARD F. DE LANCEY. Press of J.J. Little & Co., Astor Place. New York. THE NEW YORK genealogical ana ^iogra^ical Jlecorfr. Vol. XX. NEW YORK, JANUARY, 1889. No. 1. THK OLIVER FAMILY OF NEW YORK, DELAWARE AND PENNSYLVANIA. By Rev. Horace Edwin Hayden, M.A. (Continued from Vol. XIX., page 146, of The Record.) 3 Gallaudet, 2 Reuben 1 b. Feb. 18, 1806 XL Anna Mason Oliver (4 ), ; Mayor d. Aug. 1887 ; m. Phila., Pa., Aug. 19, 1828, by Joseph Watson, William Mitchell Godwin, son of Rev. Daniel and Elizabeth (Davis) Godwin, of Mil ford, Del. He was a brother of Mr. D. C. Godwin, of Milford, and of Samuel P. Godwin, of Hood, Bonbright & a Co., . b. d. 2, aet He was Philad He was 1804 ; Feb. 1867, 63. educated for the law, at the Law School, Litchfield, Conn., but he disliked the law and entered into the grain trade. He became one of 3 the pioneers of the grain trade in Philad , and one of the founders of the Corn Exchange of that city. "He was originally of the firm of Brown & Godwin, a firm that by enlightened and systematic exertions brought millions of bushels of cereals to the market of Phila., that otherwise would have sought another place." He was for several years Chief Auditor of the Phila. -
Download Eric Foner's Preliminary Report
-1- COLUMBIA AND SLAVERY: A PRELIMINARY REPORT Eric Foner Drawing on papers written by students in a seminar I directed in the spring of 2015 and another directed by Thai Jones in the spring of 2016, all of which will soon be posted in a new website, as well as my own research and relevant secondary sources, this report summarizes Columbia’s connections with slavery and with antislavery movements from the founding of King’s College to the end of the Civil War. Significant gaps remain in our knowledge, and investigations into the subject, as well as into the racial history of the university after 1865, will continue. -2- 1. King’s College and Slavery The fifth college founded in Britain’s North American colonies, King’s College, Columbia’s direct predecessor, opened its doors in July 1754 on a beautiful site in downtown New York City with a view of New York harbor, New Jersey, and Long Island. Not far away, at Wall and Pearl Streets, stood the municipal slave market. But more than geographic proximity linked King’s with slavery. One small indication of the connection appeared in the May 12, 1755 issue of the New-York Post-Boy or Weekly Gazette. The newspaper published an account of the swearing-in ceremony for the college governors, who took oaths of allegiance to the crown administered by Daniel Horsmanden, a justice of the colony’s Supreme Court. The same page carried an advertisement for the sale of “two likely Negro Boys and a Girl,” at a shop opposite Beekman’s Slip, a wharf at present-day Fulton Street. -
The Re-Enslavement of Elizabeth Watson Franco Paz University of Vermont
University of Vermont ScholarWorks @ UVM Graduate College Dissertations and Theses Dissertations and Theses 2018 On the Edge of Freedom: The Re-enslavement of Elizabeth Watson Franco Paz University of Vermont Follow this and additional works at: https://scholarworks.uvm.edu/graddis Part of the History Commons Recommended Citation Paz, Franco, "On the Edge of Freedom: The Re-enslavement of Elizabeth Watson" (2018). Graduate College Dissertations and Theses. 905. https://scholarworks.uvm.edu/graddis/905 This Thesis is brought to you for free and open access by the Dissertations and Theses at ScholarWorks @ UVM. It has been accepted for inclusion in Graduate College Dissertations and Theses by an authorized administrator of ScholarWorks @ UVM. For more information, please contact [email protected]. ON THE EDGE OF FREEDOM: THE RE-ENSLAVEMENT OF ELIZABETH WATSON A Thesis Presented by Franco A. Paz to The Faculty of the Graduate College of The University of Vermont In Partial Fulfillment of the Requirements For the Degree of Master of Arts Specializing in History May, 2018 Defense Date: March 29, 2018 Thesis Examination Committee: Harvey Amani Whitfield, Ph.D., Advisor Hilary Neroni, Ph.D., Chairperson Dona L. Brown, Ph.D. Cynthia J. Forehand, Ph.D., Dean of the Graduate College ABSTRACT Elizabeth Watson was a Boston-born slave in Halifax, Nova Scotia. After a brutal assault at the hands of master-shipwright Elias Marshall, she petitioned the Halifax Inferior Court of Common Pleas. Watson won her freedom on 23 March 1778. Thirty-one days later, she was seized by Halifax butcher William Proud, who claimed Watson was his runaway slave known as Phillis.