Business: Sitting Bull

The late great George Fisher Baker's advice on how to get rich was to buy leading U. S. common stocks ''and sit on them." Mr. Baker followed his own advice, became rich. When the U. S. Comptroller 25 years ago told Mr. Baker that his omnipotent First National Bank could no longer sit on common stocks, he organized one of the first bank affiliates, to sit for him. It is well known that First Security Co. is a big holder of common stocks, that it has contributed generously to First National's fat annual dividend...

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!