Business & Finance: Kidder, Peabody: New Style

In 1865 there was formed the Boston banking firm of Kidder, Peabody & Co. By the turn of the century it had marched into the foremost rank of private banks. Yet during the last few years sorry things have happened to Kidder, Peabody & Co. In August 1929, William Endicott, who had entered the firm after emerging from Harvard in 1887, resigned. On Jan. 2. 1930, the senior partner, Frank G. Webster, died suddenly at the age of 89. Five days later the mainspring of the firm, Robert...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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