Business: Troubles of Mitchell

"He, more than any fifty men, is responsible for this stock crash," wrote Senator Carter Glass of Virginia last week to the Philadelphia Record. He—Charles Edwin Mitchell, head of National City-Bank—made no reply. Hostility of Senator Glass was an old story; besides, Mr. Mitchell had serious troubles to cope with. The still ominous market; the cancelled Corn Exchange merger; the rumored differences with his directors—Mr. Mitchell's position was carrying hazards with its honors.

But troubles are not new to Mr. Mitchell nor has he often...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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