Business: Philadelphia Shocker

Big Business and Best Families are more closely united in Philadelphia than in any other major U. S. city. Success in trade may not lead to the Wistar Parties, the Philadelphia Club, the Fishing Company of the State in Schuylkill or the Assembly, whose roster of names has changed but little since it was founded in 1748. But in Philadelphia, as in Boston, finance and society tend to merge in a vast accumulation of personal trust funds. There the Stock Exchange and the Racquet Club stand almost cheek by jowl. Last week, to...

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