Business: Halsey, Stuart Indicted

Harold Leonard Stuart was proud of N. W. Halsey & Co.'s record when he went to work for the firm. When he became its president on Banker Halsey's death in 1911 he was proud and jealous of the reputation of the new firm, Halsey, Stuart & Co. Now a white-haired banker of 51, he points with pride to his firm's vast clientele and to the fact that even during the boom it distributed no common stocks. While some of its issues "turned sour" it has maintained its reputation among its peers.

Banker Stuart...

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!