De Saint Phalles
When the Manhattan brokerage house of de Saint Phalle & Co. last month divulged (to customers, thence to prying newsgatherers) its balance sheet, the other 614 member houses of the New York Stock Exchange confessed their surprise. Neither brokerage houses, such as de Saint Phalle, nor banking houses, such as J. P. Morgan & Co., are inclined to follow corporation practice and announce their financial standing. De Saint Phalle & Co., revealed total assets of some $33,000,000. Last week it appeared that the same prosperous, socially prominent de Saint...
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