by John Brooks
Cady, Roberts and Company, 85–86
Cage, BenJack, 75
Callas, Maria, 66
Canada, U.S. investments in, 118–25
Capes-Viscose, 155
Carr, Fred, 140, 211, 267
Carter, Arthur, 235
Carter Auto Transport, 234
Carter, Berlind and Weill, 234, 235, 238
Cary, William Lucius, 82–98, 286, 339
Cassini, Igor, 65, 77
C.C.S. (Central Certificate Service), 194–95
Celotex Corporation, 68–74, 76
Certain-teed, 29
Chance Vought Corporation, 166
Chase Manhattan Bank, 107, 171, 239, 248
Chase National Bank, 5
Chemical Bank New York Trust Company, 146, 175, 227, 228, 238–59
Chesapeake and Ohio Railway, 121
Chicago and North Western Railroad, 176
Chicago Board of Trade, 326
Chilean Telephone Company, 179
Christie, Alan T., 119–20
Chrysler, 220, 221
Chrysler, Walter P., 141
Churning, 220–21
Cities Service, 42
City Associates, 143
City Investing, 152
Claflin, Tennessee, 110
Clark, Jack L., 322
Clayton Act, 254
Clermont Towers, 273
Clews, Henry, 109
CMI Corporation, 322
C.N.A. Financial Corporation, 148–49
Cogan, Berlind, Weill and Levitt, 325
Cohen, Isidore, 302–3
Cohen (Joseph) and Sons, 303
Cohen, Manuel F., 98, 99, 150, 286–87, 288
Cohen, Milton H., 88
Coleman, Delbert William, 274–78
Collins, Henry, 68, 70, 76
Colson, Charles, 301 “Commercial paper market,” 304
Commonwealth United, 275, 278
Communication Workshop (band), 223
Communism on Wall Street, 111–12
Computer leasing, 232–33
Conglomerates: 4, 152–56, 175–77, 180–81; causes of, 156–58; individualism and, 173–74; power of, 177–80. See also Mergers
Connecticut General Life Insurance, 124
Consolidated Cigar, 171
Consolidated Foods, 136
Continental Electronics, 166
Continental Illinois Bank and Trust Company, 245, 282
Control Data, 265, 305
Cony, Ed, 42 Cook, Donald, 188
Copeland, Lammot du Pont, 239, 241, 257, 335
Cornell University Endowment Fund, 282, 285
Corners, 63–64
Cornfeld, Bernie, 140, 270–71, 276, 277, 298, 348, 352
Covington and Burling, 281
Cowdin, J. Cheever, 85
Cravath law firm, 253, 258
Cresap, McCormick and Paget, 94–95
Crispus Attucks Foundation, 209
Crockett, Jean, 349
Cummings, Nathan, 135–36
Cunningham, John, 320, 329
Curb Market, 29
Curtiss-Wright Corporation, 85–86
Data Processing Financing and General, 24, 236
Debentures, 160–61, 162
Deemer, Walter, 147
Dempsey-Tegeler, 316, 318
Denny’s Restaurants, 277–78
DeNunzio, Ralph, 319, 337, 346
Desilu Productions, 171
Dewey, Thomas E., Jr., 123
Dillon Read, 287
Dingell, John, 93
Diversification, 154–56. See also Conglomerates D.K.’s, 185
Documentation, Inc., 234
Doeskin Products, 30
Donaldson, Lufkin and Jenrette, 316, 349
Donaldson, W. H., 316
Douglas, William O., 89–90, 275, 339
Dow, Charles H., 329
Dow Jones industrial averages, 101, 102–3, 214; 1929 304–5; 1962, 55, 56–57; 1965, 98, 100–1, 139, 353; 1966, 152; 1968 305; 1969, 205, 260, 261; 1969 3, 4; 1970, 3, 292–93, 297, 300–1, 303, 304, 353
Dowd, James, 95
Dressen, Chuck, 33
Drew, Daniel, 13
Dreyfus, Jack, 140
Dreyfus Leverage Fund, 208
Drugs on Wall Street, 200–4, 226
Du Pont, Anthony, 337, 338–45
Du Pont (E. I.) de Nemours, 239, 335
Du Pont, Edmond, 334, 335, 337–45
Du Pont, Eleuthère Irénée, 334
Du Pont (F. I.) and Company, 155, 334–45, 346
Du Pont (F. I.)-Glore, Forgan and
Company, 335, 336–45
Du Pont, Francis I., 334
Dudley King and Georgeson, 253 Dun’s Review, 305
Duplan, 211
Dyer, Jim, 34, 35
Eberstadt, Ferdinand, 105
Economics of Crisis, The (Janeway), 214
E.D.S. (Electronic Data Systems Corp.), 17–24, 292, 336
Eisenhower, Dwight, 83
Elias, Christopher, 194
Empire Hardwood Flooring, 71, 73
Empire Millwork Company, 58, 60, 61
Empire National, 64–65, 67
Enterprise Fund, 140, 211, 267
Estabrook and Company, 190
Etherington, Edwin D., 53, 188
Ethics, 5, 219–21
Eversharp, 42
Executives: take-overs and, 177; unemployment of, 308
Fails, 185–87, 190, 191, 204–5
Fairchild Camera, 145, 262, 265–66, 305
Fairfield Partners, 143
Faison, John W., 196–99, 218–19
Farr, Francis, 65
Fidelity Capital Fund, 135–36, 146
Fidelity Fund, 130–36, 145, 149
Fidelity Management and Research, 136
“Financial Services Holding Company” (Netter), 234, 235
Finkelstein, Jerry, 67, 77
Finletter, Thomas, 105
Fire-and-casualty companies, 234–35
First Boston Corporation, 85, 246
First Devonshire Corporation, 324, 325, 350
First National Bank of Jersey City, 235, 240
First National City Bank, 106, 121, 124, 248
Fischer, Louis, 142
Flanigan, Peter M., 287, 301
Floor traders, 91, 94, 95–96 Forbes, 349
Ford Foundation, 120, 121, 124, 125
Four Seasons Nursing Centers, 24, 184, 279, 322, 323
Fox Computer Services, 234
Friend, Irwin, 349
Friendly, Henry J., 149
Fringer, Alice, 298–99
Fund of Funds, 271 “Funny money,” 160
Funston, Keith, 93, 96, 97, 188; Cary on, 89; Chemical Bank and, 239, 241, 257; on new issues, 27; as N.Y. Stock Exchange president, 85, 86, 151, 152
Galbraith, John Kenneth, 83, 213, 271, 297
Gellinoff, Abraham J., 33
Geneen, Harold S., 135, 179–79, 301
General Council of Congregational Churches, 121
General Electric, 139, 155
General Electric Pension Fund, 282
General Motors, 5, 155, 180, 213, 221, 301; as Dow indicator, 139, 183, 305, 312
Gibbs, Michael A., 233, 235, 239
Gilbert, Edward M., 58–80, 351
Gilbert, Harry, 58, 60–61, 67, 75
Gilpatric, Roswell, 217
Gintel, Robert M., 85–86
“Give-ups,” 150–51
Glen Alden, 169
Glore, Forgan and Staats, 335
Go-go trading, 128
Goings, Russell, Jr., 209
Goldman, Sachs, 264
Golsen, Jack E., 322, 325, 327–28
Goodbody and Company, 329–33, 342–43
Goodrich Tire and Rubber, 176–77, 227
Gordon, Albert H., 346
Graf, Lya, 89
Graham, Donald M., 245
Gramco, 272–74, 348
Grande, Charles A., 33, 42
Green,
Hetty, 109–10, 230
Greenberg, Alan C., 327–28
Gregory and Sons, 316
Gulf and Western Industries, 152, 170–73, 175, 181, 237, 305
Gulf Oil, 42
Guterma, Alexander, 30, 31, 51–52
Haack, Robert, 188–90, 296, 301, 317–18, 320, 335, 339–40
Haff, Joe, 35
Halsey, Stuart, 283
Hanna, Mary Cole, 224
Harriman, Averell, 105
Harriman, E. H., 65
Hart, Milledge A., III, 16, 17
Hartford Fire, 235
Harvard University Endowment Fund, 282, 285
Haupt (Ira) and Company, 140, 151, 315, 316
Hayden, Stone and Company, 318, 321–24, 325–28, 330
Heaton, Edward, see Gilbert, Edward M.
Hedge funds, 141–44, 268, 348–49. See also Mutual funds
Heinemann, H. Erich, 242, 244–45
Heuss, John, 222
Hirsch and Company, 335
Hodes, Robert, 252
Hoffman, Abbie, 11, 215
Hogle, James, 331
Holding companies, 4. See also Conglomerates
Hoover, Herbert, 293, 300, 309
Hornblower Weeks, 246
Hubby (C. F.) Company, 129
Hughes, Howard, 275
Huntington, Collis P., 109, 110
Huntington, Francis C., 218–21
Hupp, 27
Hutton (W. E.), 283
Hyman, Eliot, 349
I.B.M., 231–32, 233, 239, 305
Ideal Leasing Company, 233
Ideal Rubber Products, 231
Incorporated Investors, 130
Insider trading, 5, 85–86, 115–16
Institutional investing, 260, 263–66
Institutional Investor, The (journal), 146–47, 210–11
Interest rates, 3, 152, 261
International Leisure, 279
International Playtex, 169
International Telephone and Telegraph, see I.T.T.
Interstate Department Stores, 29
Investment, ethics of, 219–21
Investment Company Institute, 89
Investment pools, 141, 143
Investment trusts, 4. See also Conglomerates
Investors Diversified Services, 289
Investors Overseas Services (I.O.S.), 271, 276, 277, 298, 348
Irving Trust, 239, 248
Isaacson, Walter, 321
I.T.T., 96, 135, 152, 178–80, 235, 301, 320
Jackson, David S., 37, 38–54
Jacobs (F. L.) Company, 51
Jaegerman, Edward, 43
Janeway, Eliot, 214, 292, 300
Jenrette, Richard, 183
Jews: as conglomerateurs, 169–70; on Wall Street, 116–18
Johnson, Edward Crosby, II, 129–139, 145, 149
Johnson, Edward Crosby, III, 134, 138–39, 145
Johnson, Lyndon B., 97, 98–99, 216
Johnson, Raymond, 224
Jones, Alfred Winslow, 142–44
Jones (A. W.) and Company, 142–43
Jones and Laughlin Steel, 168
Kahn, Otto, 105
Karr, David, 155
Kennedy, David, 301
Kennedy, John F., 26–29, 56, 82–84, 96–97, 98, 215
Kennedy, Joseph P., 83
Kentucky Fried Chicken, 184
Kickbacks, 150–51
Kidder, Peabody and Company, 85, 217, 283, 319, 346
Klein, Eugene, 173, 174
Kleindienst, Richard G., 320
Kleiner, Bell and Company, 140, 276, 278, 317
Kleiner, Burt, 275–78
Kohlmeier, Louis M., Jr., 84
Korshak, Sidney R., 274–76, 277, 278
Korvette, 29, 96
Krebs Pigment and Chemical, 155
Kreuger, Ivar, 122
Kuhn, Loeb and Company, 116, 121, 123, 246
Lambert and Company, 119–24
Lambert, Jean, 119–20
Lamont, Thomas S., 115–16
Lamont, Thomas W., 105, 115
Landis, James M., 84
Langone, Kenneth, 17–18, 19, 23
Lasker, Bernard J., 287, 293–95, 301, 302, 303, 352; brokerage finances and, 318–47; Nixon and, 295–97, 298–300
Lasker, Stone and Stern, 294
Law, Warren, 161
Lazard Frères and Company, 61, 76, 77, 319
Learson, T. Vincent, 239, 241, 257
Leasco Data Processing Equipment Corporation, 175, 227, 305, 349, 353, 354; Chemical Bank and, 238–59; Reliance Insurance and, 233–38, 325
Lefèvre, Edwin, 130
Legislation, 93–94, 253–54, 255–56, 342, 350
Lehman Brothers, 9, 186–87, 193, 217, 250, 251
Lehman, Herbert, 105
Lehman, John R., 217
Lerner Shops, 169
Letter Stock, 267–70
Levine, Lynn, 224
Levy, Gustave, 46, 294, 339
Levy, Leon, 349
Liberty League, 111
Lindsay, John V., 295
Ling Electronics, 165, 166
Ling, James Joseph, 165–68, 170, 174, 298
Ling-Temco-Vought, 24, 261, 353, 354; as conglomerate, 152, 166–67, 175, 181, 298, 305
Lipp, Robert I., 241
“Liquid real estate,” 272
Litt, Solomon, 319
Litton Industries, 27, 135, 153, 261; as conglomerate, 152, 155, 175, 180–81, 305
Livermore, Jesse L., 5, 130, 137
Livingston, Elsie, 129
LM Electronics, 165
Lockheed Aircraft Corporation, 10, 309
Loeb, Gerald M., 27
Loeb, John, Sr., 61, 76, 77
Loews Corporation, 136, 349
Long, Augustus C., 239, 241, 257
Louis, Arthur M., 173
Lovett, Robert, 105
LSB Industries, 322
LTV Tower, 273
Lucayan Beach (hotel), 122
Lufkin, Dan, 349
Lytton, Bart, 112
Lytton Financial Corporation, 112
McCall, Howard, 248, 250, 252
McCarthy, Eugene, 93, 111
McCormick, Edward T., 29, 33–54
McCracken, Paul, 297, 301
McCrory Corporation, 169
McDonnell and Company, 317
McFadden, J. A., 241, 243, 252
McLaren, Richard W., 288
MacNaughton, Donald, 301
McSande, Sandy, see Guterma, Alexander
Madison Fund, 123
Manhattan Fund, 145–49
Mann, Johnny, 34, 35
Manufacturers Hanover Trust Company, 106, 239, 248
Manufacturers Trust, 106
Margin requirement, 306
Market operators, 4–5
Marquez, Thomas, 16, 17, 20–21
Martial and Company, 65
Martin, William McChesney, Jr., 81–82, 99–100, 102, 253, 351
Mary Carter Paints, 175
Massachusetts Investors Trust, 129
Massachusetts Mutual Life, 124
Mates, Frederick S., 216, 267–70
Mates Investment Fund, 267–70, 353, 354
Maxwell, Elsa, 65
Meehan, Mike, 35
Mergers, 154, 157–58, 227–40, 262–63; of brokerage firms, 317, 325–28, 329–33, 335–45; mechanics of, 160–61; resistance to, 175–77, 240–59. See also Conglomerates
Merrill Lynch, 184, 297, 300, 301, 334, 356; back office of, 192, 193; Goodbody merger with, 332–33, 342–43
Merritt Chapman and Scott, 155
Metz, Robert, 177, 242
Meyer, André, 61, 319, 320
Meyerson, Morton H., 346
Michigan Bumper, 170
Minnie Pearl’s Chicken System, Inc., 174
Mitchell, John, 301, 333
Molé, Harvey E., Jr., 120, 121
Montreal Trust Company, 124
Moody, John Wallace, 223–25
Moody
’s Investors Service, 121
Mooney, Michael E., 41
Morgan, Campbell Powell, 119, 121–22, 125
Morgan (J.P.) and Company, 5
Morgan, J. Pierpont, 2, 65, 89, 105, 111, 116
Morgan Guaranty Trust Company, 5, 115, 121, 239, 248, 282, 285
Morgenstern, Oskar, 167
Morgenthau, Robert M., 82, 195
Motorola, 220
“Multiple flogging,” 243–44
Mutual Broadcasting Company, 31
Mutual-fund management companies, 149
Mutual funds, 58, 101–2, 131, 139–40, 260, 349; letter stock and, 266–70; S.E.C. and, 91–92, 151. See also Hedge funds; Names of specific funds
NASDAQ(computer system), 21
National Ammonia, 155
National Association of Securities Dealers, 89, 185
National General Corporation, 174, 261
National Power and Light, 155
National Student Marketing Corporation, 280–85, 353, 354
Navarro, Rafael G., 272
Needham, James J., 350
Netter, Edward, 234–35, 236–37
New issues, 27–28, 184, 278–85
New Jersey Zinc Company, 171
New York Hanseatic Corporation, 122
New York Stock Exchange, 89, 188–90, 350–51, 356; blacks and, 209–10; C.C.S. and, 194–95; Rule 325 of, 312, 314–15, 323, 345; Rule 394 of, 150, 151; Special Trust Fund of, 315–18, 320, 323, 324–25, 333, 342; Surveillance Committee of, 319–47; volume on, 56–57, 97, 183–84, 190, 205, 216, 261; women and, 208, 210
Newburger, Loeb and Company, 209
Nixon, Richard M.: Lasker and, 295–97, 298–300, 327; S.E.C. and, 286–90, 292; Wall Street and, 300–4
Northerlin Company, 78
Northern Miner, The (journal), 118
Northern Pacific, 64, 116
Northwest Industries, 176–77, 227
Norton Company, 308
Nye Committee, 214
Offshore funds, 270–74, 348
Omega Equities, 268–70, 280
Onassis, Aristotle, 66
Onassis, Jacqueline Kennedy, 61
Oppenheimer and Company, 349
Organized crime, stock theft and, 195
Over-the-counter market, 21–22
Overtrading, 220–21
Pacioli, Fra Luca, 159
Pan American Airways, 172, 175, 176, 220, 227
Pantepec Oil, 38, 44
Paramount Pictures, 171, 173
Parvin, Albert, 275
Parvin-Dohrmann, 24, 275–78
Patman, Wright, 243
Patterson, Belknap and Webb, 82
Peace, Wall Street and, 10–11, 213–17
Peck, Stephen, 319
Penn Central Railroad Company, 304, 309
Penn-Texas, 155
Pennsylvania, University of, 121
“People’s capitalism,” 12–13, 101, 353
Performance funds, see Mutual funds
Performance Systems, Inc., 174, 280
Pergamon Press, 258
Perot, Henry Ross, 1–2, 14–25, 292, 336–47, 352
Perry, Jay, 264, 266
Pickard and Company, 315–16