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Eleutheros tin rằng tên dài đầu tiên của ông đã khiến ông mất một cuộc bầu cử cơ quan lập pháp bang Ohio vì cử tri có thể không phù hợp với tên của mình trên viết trong lá phiếu. Xác định rằng số phận tương tự không xảy đến thế hệ con cháu của mình, ông đã cho họ tương đối ngắn, và đôi khi lịch sử, tên đầu tiên. Anh trai của Jay được đặt tên là Pitt và em trai Henry của mình. | THE LAST PARTNERSHIPS Schubert Theater Corp. A retail sales department was opened in 1927 by a salesman brought in from another retail-oriented firm and the company opened offices in Albany Chicago Philadelphia Pittsburgh San Francisco and Washington D.C. in addition to New York.15 By the late 1920s J. W. Seligman had ten active partners with Henry Seligman the most senior among them. Frederick Strauss was also a senior partner and in many ways the captain of the ship. He numbered many industrialists and statesmen among his colleagues and friends. One day a new receptionist at the office announced to him that there is some nut out here who claims he s John D. Rockefeller and wants to see you. What shall I do with him The founder of Standard Oil was shown into Strauss s office. In the years immediately preceding the Crash of 1929 corporate underwritings continued at a brisk pace. Perhaps the best-known deal the partnership underwrote was for the Minneapolis-Honeywell Regulator Company later known as Honeywell Inc. the future electronics and computer company. Then in 1925 another partner Francis Randolph made a proposal that would have a profound long-term effect on the House of Seligman. He proposed that the company sponsor an investment company today known as a mutual fund. Several years later the issue was raised again. In the interim several hundred funds had been established on Wall Street and the trend appeared to be growing. The funds were not necessarily pitched at the very small investor but at those with sizable assets and little experience with investing. The new investment fund was an immediate hit. It was named the Tri-Continental Corporation since it invested on three continents not solely in the United States. The Seligmans hired full-time staff and analysts to oversee it not just market it to investors. The first fund sold out very quickly and the second was launched shortly thereafter. Unfortunately the second was launched on August 15 1929 two .
