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Harold Leonard Stuart
Harold L. Stuart was a prominent American financier of the early 20th century, and founder of the investment firm Halsey, Stuart & Co. Biography Stuart was born in Providence, Rhode Island in 1881, and moved to Chicago as a boy. He began working in Chicago at just 12 years old as a messenger boy for a printing firm. Some of his other early jobs included being a stock boy at Marshall Field & Company. As a teenager, he became a bond salesman for the predecessor company to the Harris Trust Bank. In 1903, he opened a Chicago branch office for the recently founded New York investment firm, N. W. Halsey Company. Stuart competed with New York bankers when he started handling small bond offerings for the utility magnate Samuel Insull in 1907. When N. W. Halsey died around the year 1911, Stuart bought the Chicago office of that organization and established Halsey, Stuart & Co. In 1922, due to his growing trust in Stuart, Insull entrusted Stuart with a $27 million bond offerin ...
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United States Of America
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo ...
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Financier
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder. Types of investors There are two types of investors: retail investors and institutional investors. Retail investor * Individual investors (including trusts on behalf of individuals, and umbrella companies formed by two or more to pool investment funds) * Angel investors (individuals and groups) * Sweat equity investor Ins ...
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Providence, Rhode Island
Providence is the capital and most populous city of the U.S. state of Rhode Island. One of the oldest cities in New England, it was founded in 1636 by Roger Williams, a Reformed Baptist theologian and religious exile from the Massachusetts Bay Colony. He named the area in honor of "God's merciful Providence" which he believed was responsible for revealing such a haven for him and his followers. The city developed as a busy port as it is situated at the mouth of the Providence River in Providence County, at the head of Narragansett Bay. Providence was one of the first cities in the country to industrialize and became noted for its textile manufacturing and subsequent machine tool, jewelry, and silverware industries. Today, the city of Providence is home to eight hospitals and List of colleges and universities in Rhode Island#Institutions, eight institutions of higher learning which have shifted the city's economy into service industries, though it still retains some manufacturin ...
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Harris Trust Bank
Harris may refer to: Places Canada * Harris, Ontario * Northland Pyrite Mine (also known as Harris Mine) * Harris, Saskatchewan * Rural Municipality of Harris No. 316, Saskatchewan Scotland * Harris, Outer Hebrides (sometimes called the Isle of Harris), part of Lewis and Harris, Outer Hebrides * Harris, Rùm, a place on Rùm, Highland United States * Harris, Indiana * Harris, Iowa * Harris, Kansas * Harris Township, Michigan * Harris, Minnesota * Harris, Missouri * Harris, New York * Harris, North Carolina * Harris, Oregon * Harris, Wisconsin Elsewhere * Harris, Montserrat Other places with "Harris" in the name * Harrisonburg, Louisiana * Harrisonburg, Virginia * Harris County (other) * Harris Lake (other) * Harris Mountain (other) * Harris Township (other) * Harrisburg (other) * Harrison (other) * Harrisville (other) People * Harris (Essex cricketer) * Harris Jayaraj, an Indian music director * Harris (given name ...
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Samuel Insull
Samuel Insull (November 11, 1859 – July 16, 1938) was a British-born American business magnate. He was an innovator and investor based in Chicago who greatly contributed to create an integrated electrical infrastructure in the United States. Insull created holding companies that purchased utilities and railroads. Insull was responsible for the building of the Chicago Civic Opera House in 1929. Due to the Great Depression, his vast Midwest holding company empire collapsed, and he was accused of profiting personally by selling worthless stock to unsuspecting investors who trusted him because of his position and reputation. Following a seven-week trial, he and 16 co-defendants were acquitted of all charges after two hours of jury deliberation. Early life Insull was born on November 11, 1859, in London, the son of Insull Insull, a tradesman and lay preacher who was active in the temperance movement, and Emma Short. He was one of five siblings who survived to adulthood. His youn ...
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Illinois Institute Of Technology
Illinois Institute of Technology (IIT) is a private research university in Chicago, Illinois. Tracing its history to 1890, the present name was adopted upon the merger of the Armour Institute and Lewis Institute in 1940. The university has programs in architecture, business, communications, design, engineering, industrial technology, information technology, law, psychology, and science. It is classified among "R2: Doctoral Universities – High research activity". The university's historic roots are in several 19th-century engineering and professional education institutions in the United States. In the mid 20th century, it became closely associated with trends in modernist architecture through the work of its Dean of Architecture Ludwig Mies van der Rohe, who designed its campus. The Institute of Design, Chicago-Kent College of Law, and Midwest College of Engineering were also merged into Illinois Tech. History The Sermon and The Institute In 1890, when advanced education was ...
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Bequest
A bequest is property given by will. Historically, the term ''bequest'' was used for personal property given by will and ''deviser'' for real property. Today, the two words are used interchangeably. The word ''bequeath'' is a verb form for the act of making a bequest. Etymology Bequest comes from Old English ''becwethan'', "to declare or express in words" — cf. "quoth". Interpretations Part of the process of probate involves interpreting the instructions in a will. Some wordings that define the scope of a bequest have specific interpretations. "All the estate I own" would involve all of the decedent's possessions at the moment of death. A ''conditional bequest'' is a bequest that will be granted only if a particular event has occurred by the time of its operation. For example, a testator might write in the will that "Mary will receive the house held in trust if she is married" or "if she has children," etc. An ''executory bequest'' is a bequest that will be granted only if ...
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Stuart School Of Business
The Stuart School of Business (often just Stuart or Stuart School) is an academic unit of the Illinois Institute of Technology, a private Ph.D.-granting technological university. Stuart offers bachelor's, master's, doctoral, and non-degree programs, as well as graduate certificate programs. In addition to the MBA and MPA, Stuart offers Master of Science programs in Marketing Analytics, Sustainability Management, and Finance. Stuart also offers dual degrees with Chicago-Kent College of Law, Institute of Design and the College of Science. Stuart also offers a Doctoral program in Management Science with concentrations in Finance and Operations. Stuart's Master of Science in Finance program is taught by a team of 12 full-time faculty and a number of adjunct faculty drawn from the local financial services industry. One of the largest specialized finance programs in the United States, Stuart's M.S. Finance program had 300 enrolled students in Fall 2013. Students can specialize in co ...
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1881 Births
Events January–March * January 1– 24 – Siege of Geok Tepe: Russian troops under General Mikhail Skobelev defeat the Turkomans. * January 13 – War of the Pacific – Battle of San Juan and Chorrillos: The Chilean army defeats Peruvian forces. * January 15 – War of the Pacific – Battle of Miraflores: The Chileans take Lima, capital of Peru, after defeating its second line of defense in Miraflores. * January 24 – William Edward Forster, chief secretary for Ireland, introduces his Coercion Bill, which temporarily suspends habeas corpus so that those people suspected of committing an offence can be detained without trial; it goes through a long debate before it is accepted February 2. * January 25 – Thomas Edison and Alexander Graham Bell form the Oriental Telephone Company. * February 13 – The first issue of the feminist newspaper ''La Citoyenne'' is published by Hubertine Auclert. * February 16 – The Canad ...
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1966 Deaths
Events January * January 1 – In a coup, Colonel Jean-Bédel Bokassa takes over as military ruler of the Central African Republic, ousting President David Dacko. * January 3 – 1966 Upper Voltan coup d'état: President Maurice Yaméogo is deposed by a military coup in the Republic of Upper Volta (modern-day Burkina Faso). * January 10 ** Pakistani–Indian peace negotiations end successfully with the signing of the Tashkent Declaration, a day before the sudden death of Indian prime minister Lal Bahadur Shastri. ** Georgia House of Representatives, The House of Representatives of the US state of Georgia refuses to allow African-American representative Julian Bond to take his seat, because of his anti-war stance. ** A Commonwealth Prime Ministers' Conference convenes in Lagos, Nigeria, primarily to discuss Rhodesia. * January 12 – United States President Lyndon Johnson states that the United States should stay in South Vietnam until Communism, Communist aggression there is e ...
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