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Richards Butler
Reed Smith LLP is a global law firm headquartered in Pittsburgh, Pennsylvania, with more than 1,500 lawyers in 30 offices throughout the United States, Europe, the Middle East and Asia. History Reed Smith was founded in Pittsburgh in 1877 by Philander C. Knox and James H. Reed. The two partners created a relationship with American industrial tycoon, Andrew Carnegie, and the firm grew with Carnegie's business. Large businesses, such as Heinz (company), and personalities – many of whom, like Carnegie, Knox and Reed, were fellow members of the South Fork Fishing and Hunting Club – joined the firm's client roster, including Andrew Mellon (now The Bank of New York Mellon) and Henry Clay Frick. During the 1880s, Edwin W. Smith and other partners joined the firm and, in 1922, the firm adopted the name Reed Smith Shaw & McClay. During the New Deal era, Reed Smith established a securities practice, and partner Ralph H. Demmler became chair of the Securities and Exchange Commission ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Carnegie
Andrew Carnegie (, ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (roughly $ billion in ), almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming " The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy. Carnegie was born in Dunfermline, Scotland, and emigrated to Pittsburgh with his parents in 1848 at age 12. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Johnson Morrell
Daniel Johnson Morrell (August 8, 1821 – August 20, 1885) was a Republican member of the U.S. House of Representatives from Pennsylvania. Early life Morrell was born in North Berwick, York County, Maine. He attended public schools and moved to Philadelphia, Pennsylvania in 1836, and entered a counting room as clerk. He later engaged in mercantile pursuits. Career In 1855 he moved to Johnstown, Pennsylvania, and became general manager of the Cambria Iron Company, which was the greatest manufacturer of iron and steel in the United States until the Johnstown Flood. Morrell also served as president of the local gas and water company from 1860 to 1884 and as president of the First National Bank of Johnstown from 1863 to 1884. He was president of the city council for many years. Morrell was elected as a Republican to the Fortieth and Forty-first Congresses. He served as chairman of the United States House Committee on Manufactures during the Fortieth and Forty-first Congresse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
41st United States Congress
The 41st United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1869, to March 4, 1871, during the first two years of Ulysses S. Grant's presidency. The apportionment of seats in the House of Representatives was based on the Eighth Census of the United States in 1860. Both chambers had a Republican majority. Major events * March 4, 1869: Ulysses Grant became President of the United States * March 4, 1869: Carl Schurz R-Missouri became the first German American to serve in the United States Senate * May 10, 1869: Golden spike marked the completion of the First transcontinental railroad in Promontory, Utah * December 10, 1869: Wyoming Territory gave women the right to vote, one of the first such laws in the world * February 12, 1870: Utah Territory gave women the right to vote * February 25, 1870: Senat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
40th United States Congress
The 40th United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1867, to March 4, 1869, during the third and fourth years of Andrew Johnson's presidency. The apportionment of seats in the House of Representatives was based on the Eighth Census of the United States in 1860. Both chambers had a Republican majority. In the Senate, the Republicans had the largest majority a party has ever held. Major events * March 30, 1867: Alaska Purchase * February 24, 1868: Impeachment of Andrew Johnson * May 16, 1868: President Johnson acquitted * May 26, 1868: President Johnson acquitted again * November 3, 1868: 1868 presidential election: Ulysses S. Grant (R) defeated Horatio Seymour (D) * December 25, 1868: President Johnson granted unconditional pardons to all Civil War rebels * January 20, 1869: Elizabet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambria Iron Company
The Cambria Iron Company of Johnstown, Pennsylvania was a major 19th-century industrial producer of iron and steel. Founded in 1852, it had the nation's largest steel foundry in the 1870s, and was renamed the Cambria Steel Company in 1898. The company used many innovations in the steelmaking process, including those of William Kelly and Henry Bessemer. The company was acquired in 1923 by the Bethlehem Steel Company. The company's historic facilities, extending some along the Conemaugh and Little Conemaugh Rivers, are a National Historic Landmark District. A number of works by the firm are listed on the National Register of Historic Places. Name history The Cambria Iron Works was reorganized in 1898 and renamed the Cambria Steel Company. In 1916, the Midvale Steel and Ordnance Company bought the Cambria Steel Company, and sold it to the Bethlehem Steel Company in 1923. Facilities The industrial facilities of the Cambria occupied five separate sites in and around Johnstown, P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Fork Dam
The South Fork Dam was an earthenwork dam forming Lake Conemaugh (formerly Western Reservoir, also known as the Old Reservoir and Three Mile Dam, a misnomer), an artificial body of water near South Fork, Pennsylvania, United States. On May 31, 1889, the South Fork Dam failed catastrophically and 20 million tons of water from Lake Conemaugh burst, through and raced 14 miles (23 km) downstream, causing the Johnstown Flood. The South Fork Dam was originally built between 1838–1853 by the Commonwealth of Pennsylvania as part of the canal system to be used as a reservoir for the state's Main Line of Public Works canal basin in Johnstown. It was abandoned by the commonwealth, sold to the Pennsylvania Railroad, and sold again to private interests. The dam was 72 feet (22 m) high and 931 feet (284 m) long. Between 1881 when the South Fork Fishing and Hunting Club was opened, and 1889, the dam frequently sprung leaks. It was patched, mostly with mud and straw. Additionally, a pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralph H
Ralph (pronounced ; or ,) is a male given name of English, Scottish and Irish origin, derived from the Old English ''Rædwulf'' and Radulf, cognate with the Old Norse ''Raðulfr'' (''rað'' "counsel" and ''ulfr'' "wolf"). The most common forms are: * Ralph, the common variant form in English language, English, which takes either of the given pronunciations. * Rafe (name), Rafe, variant form which is less common; this spelling is always pronounced , as are all other English spellings without "l". * Raife, a very rare variant. * Raif, a very rare variant. Raif Rackstraw from H.M.S. Pinafore * Ralf, the traditional variant form in Dutch language, Dutch, German language, German, Swedish language, Swedish, and Polish language, Polish. * Ralfs (given name), Ralfs, the traditional variant form in Latvian language, Latvian. * Raoul (other), Raoul, the traditional variant form in French language, French. * Raúl, the traditional variant form in Spanish language, Spanish. * Raul, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Deal
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. Major federal programs agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA). They provided support for farmers, the unemployed, youth, and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt. The programs focused on what historians refer to as the "3 R's": relief for the unemployed and for the poor, recovery of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Clay Frick
Henry Clay Frick (December 19, 1849 – December 2, 1919) was an American industrialist, financier, and art patron. He founded the H. C. Frick & Company coke manufacturing company, was chairman of the Carnegie Steel Company, and played a major role in the formation of the giant U.S. Steel manufacturing concern. He also financed the construction of the Pennsylvania Railroad and the Reading Company, and had extensive real estate holdings in Pittsburgh and throughout the state of Pennsylvania. He later built the historic neoclassical Frick Mansion (now a landmark building in Manhattan), and upon his death donated his extensive collection of old master paintings and fine furniture to create the celebrated Frick Collection and art museum. However, as a founding member of the South Fork Fishing and Hunting Club, he was also in large part responsible for the alterations to the South Fork Dam that caused its failure, leading to the catastrophic Johnstown Flood. His vehement oppositi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bank Of New York Mellon
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and securities services company, with $2.4 trillion in assets under management and $46.7 trillion in assets under custody as of the second quarter of 2021. It is considered a systemically important bank by the Financial Stability Board. BNY Mellon is incorporated in Delaware. Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr. T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew, the latter of wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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