Business: Again, Billion

Should an adding machine be used to figure the capital controlled by and associated with Manhattan's newest investment trust, the machine, if adding only to 999,999,999 would fail in its task. For when, last week, Goldman Sachs Trading Corp. merged with Financial and Industrial Securities Corp., ten digits were required to express the resources affected by the merger. True, each of the companies will put into the combine a mere $122,000,000, giving the new company a capital of only about a quarter-billion. But Financial and Industrial Securities Corp., directed by Ralph Jonas, is...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!