Business & Finance: Old A. P.

You do not spend the second 30 years of your life building a little Italian bank into the fourth richest in the U. S.—and keeping it—without making enemies. Toward his, San Francisco's Amadeo Peter Giannini is popularly credited with a temper to match that of the elder J. P. Morgan. Last week it seemed to San Franciscans that, for reasons not wholly clear, old Amadeo was out gunning for Frank Shaughnessy, president of the San Francisco Stock Exchange.

Leading up to this supposed vendetta was one of the most important changes in the West...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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