Pine and William Sts.

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Reserve Board, and he resigned every corporate and financial connection.

But his brother, Felix M. Warburg, who married Frieda Schiff, has remained a partner since 1897. His forte is the philosophy of money—economics. Otto Hermann Kahn, who became a partner in 1897, after his marriage to Addie Wolff, is the star salesman of the firm, the "front window." Jerome J. Hanauer might be called the mathematical genius. Few minds can match his when it is applied to railroad financing. He—a partner since 1912, and the last to be admitted—is the only one not a son-in-law or a son of earlier partners.

Mortimer Leo Schiff is the only "son"—Jacob Henry Schiff's—and he is the youngest (born 1877) of the present four partners. Like President Coolidge, Dwight Whitney Morrow, Arthur Curtiss James, Frank Waterman Stearns, Herbert Lee Pratt, Bruce Barton, Alexander Meiklejohn, the late Henry Ward Beecher, Harlan F. Stone, Frederick H. Gillett, Robert Lansing, Charles E. Mitchell, Joseph B. Eastman, Henry C. Hall, Frank J. Goodnow, he is an Amherst man. Unlike them, he was never graduated, because in his sophomore year he decided he did not want to be just a "rich man's son." He left college; got a job in a railroad office. Later Amherst gave him its Master of Arts degree. That was after he had become a partner of Kuhn, Loeb & Co., and had shown himself a master of finance.

† Thuggish method of forcing passage through a throng. The hands are held clenched close to the chest, the elbows flexed and projected stiffly to each side of the torso. To move forward one jabs bystanders with the elbows and, as they wince, sidles through the opening.

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