The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance

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The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Page 112

by Ron Chernow

foreign governments and, 102–103

  money, 131–37, 149–56

  panic of 1907 and, 121–29

  Pujo Committee and, 149–56

  railroad, 57–58, 67–69, 94

  Roosevelt and, 105

  shipping, 100–103, 145–47

  steel, 81–86, 99–100

  voting trust, 38, 68–69, 152–53, 189

  Wall Street and, 68–69, 81–86, 105, 109

  Tube Investments, 523, 524, 525

  Tugwell, Rexford G., 358, 418, 420

  Tuteleers, Louis, 452, 453

  Twentieth Century Fox, 633, 634

  U

  Union Bank of Switzerland, 286, 547

  Union Carbide, 600

  Union Club, 47, 107, 171, 516

  Union League Club, 48, 87, 171, 346, 423

  Union Pacific Railroad, 134

  United Aircraft, 601

  United Air Lines, 561

  United Auto Workers, 418, 498

  United Biscuit, 682

  United China Relief, 466

  United Copper, 123

  United Corporation, 308–309, 314, 369, 707

  United Lutheran Church, 475

  U.S. Steel, 70, 106, 149, 180, 190, 210, 258, 266, 467, 497, 500, 514, 517, 534, 536–37, 549, 661

  crash of 1929 and, 316–17, 318, 422

  trust, 81–86, 91, 96, 110, 130

  Tennessee Coal and Iron and, 127–28, 148

  U.S. Treasury, 547, 605, 646

  U.S. v. Henry S. Morgan et al, 502–506, 517

  United Technologies, 601

  University Club, 83, 283, 378, 508

  University of Chicago, 538–39, 691

  Untermyer, Samuel, 158, 200, 378

  Pujo Committee and, 150, 154–55, 156, 215, 216, 364, 368

  U-2 spy plane, 542

  V

  Vanderbilt, Commodore Cornelius, 7, 42, 508, 510

  Vanderbilt, Cornelius II, 47

  Vanderbilt, Mrs. Cornelius, 440

  Vanderbilt, Harold, 508

  Vanderbilt, William, 508

  Vanderbilt, William Henry, 42–44, 47

  Van Sweringen, Oris P. and Mantis J., 309–10, 324–25, 348, 369

  Wheeler hearings and, 413–14

  Vatican, the, 285–86, 296, 407, 521, 546–47

  World War II and, 451, 455–59

  Verbeck, Guido, 532

  Vermilye, Peter, 561, 564, 565

  Victoria, Queen, 12, 25, 98, 100

  Peabody and, 7, 14, 15

  Villa, Pancho, 239

  Volcker, Paul, 545, 644, 660, 690

  Preston and, 643, 645, 658, 659, 716, 717

  Volpi, Count Guiseppe, 281, 479

  Voting trust, 38, 68–69, 152–53, 189

  W

  Wachtell, Lipton, Rosen, and Katz, 600

  Wadsworth Atheneum, 59–60, 119, 174

  Wagg, Helbert, 524

  Walker, Barney, 570–71

  Walker, Elisha, 416

  Wallace, Henry, 441

  Wallace, Lila Acheson, 510

  Wall Hall, 97, 191, 264, 410, 430, 460, 475

  Wall Street, 151

  assumption of government protection, 229

  conscience of, 19, 114

  crashes on, see Stock market crash of 1929; Stock market crash of 1987

  Depression and, 346, 376, 381–84

  explosion on, 212–14

  fire of 1835 on, 18

  Jewish-Yankee competition on, 30, 36, 84, 88–90, 195–200, 205, 215–17, 258

  Northern Pacific corner and, 88–94

  panic of 1873 and, 37

  panic of 1907 and, 123–28

  Pecora hearing revelations and, 355–57, 362, 370–74

  power of, 65, 98–99, 205–207, 225–29, 244–45, 257

  Reagan years on, 690–91

  rise of, 33, 36, 99

  Roaring Twenties on, 255, 302–15

  robber barons and, 30–32

  short selling and, 351–53

  speculation on, 84–86, 91–93, 122, 124, 375

  triumph over the City of London, 65, 98–99, 184–85, 270–71, 518–19

  trusts and, 68–69, 81–86, 105, 109; see also New York Stock Exchange

  Walsh, Graham, 675, 678, 687–88, 689

  Walston, Vernon, 623

  Walston and Company, 623

  Walter, Norma, 564, 565

  Wang, Stephen Sui-Kuan, Jr., 712–13

  Warburg, Paul M., 130, 182, 217, 252

  Warburg, Siegmund, 522–26, 570, 573, 576, 713

  Euromarkets and, 545

  Warburg bank, S. G., 522–26, 545, 570, 572, 590, 615, 674, 677, 679, 689, 715

  after Big Bang, 675

  Ward, Thomas, 5, 6

  Wardwell, Allan, 254–55

  Warner-Lambert, 596

  War Resources Board, 441

  Washington Post, 152

  Wasserstein, Bruce, 602, 632, 692, 711

  Weatherstone, Dennis, 568, 656, 719

  Webster, Daniel, 6, 339, 340

  Webster, Edwin, 325

  Weinberg, Sidney, 124, 512

  Welles, Sumner, 455

  Wells, H. G., 221, 261, 277

  Westinghouse, 315

  West Shore Railroad, 53–55, 66

  Wheeler, Burton K., 356, 412–14, 463

  Wheeler hearings, 412–16, 490, 506, 698

  Whigham, Charles F., 189

  White, Stanford, 47, 140

  White, William Allen, 109–10, 175–76

  World War II and, 443, 444, 446, 461

  White Star line, 101, 146–47

  White, Weld, 607, 713

  Whitney, Dorothy, see Straight, Dorothy Whitney

  Whitney, George, 167, 195, 207, 213, 224, 256–57, 282, 369, 377, 400, 460, 469, 495, 508, 509, 528, 532, 538, 560

  British gold standard and, 332, 334

  brother’s embezzlement and, 422–29, 491–92, 562

  crash of 1929 and, 312, 318

  Depression and, 325

  described, 491, 492

  Eisenhower and, 497–99, 528–30

  merger overtures and, 496

  Morgan Stanley and, 384, 385, 386, 390

  preferred list of friends and, 370, 371, 372

  Wheeler hearings and, 413–15, 490

  Whitney, Gertrude, 492

  Whitney, Jock, 423

  Whitney, Martha Bacon, 422

  Whitney, Richard, 357, 371, 379

  crash of 1929 and, 314, 316, 318–19, 422–23

  described, 421–23

  embezzlement scandal of, 421–29, 491–92, 562, 635, 700

  loans to, 423–27

  short selling and, 351–52

  Whitney, Robert, 497, 498

  Whitney, William C., 134

  Whittemore, Fred, 624–25, 626, 716–17

  Whittington, Christopher, 612, 613

  Widener, P. A. B., 103

  Wiggin, Albert, 315, 356, 362, 371, 480

  Wilhelm, Kaiser, 102, 400

  Willer, Arthur, 200–201

  Willis Faber, 715

  Willkie, Wendell, 390, 447–49, 463, 467, 498

  Wilson, Charles E., 497–98

  Wilson, Harold, 577

  Wilson, Woodrow, 128, 130, 137, 156, 180, 307, 338

  postwar period and, 206–209, 230

  trustbusting and, 147, 149, 177, 181, 183

  World War I and, 186, 188, 197–98, 202–203, 441, 442

  Wilson Sporting Goods, 543

  Winchell, Walter, 381

  Winchester Repeating Arms, 189

  Winsor, Robert, 305

  Wiseman, Sir William, 196

  Witte, Count, 87

  Wood, Kingsley, 452, 460

  Woodin, William H., 371, 372, 373

  Wood Mackenzie, 675

  Woodside Petroleum, 673

  Woolf, Virginia, 271

  World Bank, 452, 489, 517–18, 519, 557, 570, 585, 587, 644, 646

  creation of, 485

  Japan and, 552–53

  loan policy of, 486
–87, 638

  World War I, 80, 183–204

  aftermath of, 205–10

  attempt to forestall, 183

  credits to Allies, 186

  debts resulting from, 226–29, 282, 310–12, 327–29, 349–50, 392–99

  Export Department and, 187–92, 197, 202, 203

  $500-million Anglo-French loan, 197–201

  Jewish bankers and, 195–200

  Liberty Loans and, 201–203

  opposition to involvement in, 185–86, 192, 202

  panic of 1914 and, 183–84

  profiteering from, 186–87, 188, 191–92, 399–401

  U.S. entry into, 201–204, 399–401

  World War II, 440–68, 470, 475

  Battle of Britain, 459–61

  cash and carry exports and, 442

  events leading to, 437–40

  government resources and, 442

  Lend-Lease and, 461–64

  Lindbergh and, 444–47

  Morgan et Compagnie and, 450–54

  Wright, J. Hood, 70, 87

  Wriston, Walter, 538, 619, 620–21, 638, 646, 655, 660

  Wynn, Bob, 552, 557–58

  X

  Xerox, 561, 617

  Y

  Yale University, 290, 319, 580, 597, 607, 690

  Yellow Cab Company, 307

  Yerkes, Charles Tyson, 100

  Yokohama Specie Bank, 233, 234, 342, 466

  Yom Kippur War, 613, 614

  York, Edward H., 387

  Young, John, 554, 557

  Young, Owen, 249, 251, 310–12, 371, 420

  Jack and, 411–12

  Young, Robert, 415–17, 502, 506–11, 625

  Alleghany rehabilitation and, 415–16

  revolt against Morgan hegemony, 416–17, 428

  Young, Roy A., 319

  Young Plan, 311–12, 392–99, 478

  Yugoslavia, 490

  Yule and Company, Andrew, 461

  Y

  Zeckendorf, William, 531, 532, 534

  Zodiac Club, 254

 

 

 


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