The story of Pittsburgh: Banking and finance

Banking and finance (Vol. 1, nr. 17)

Bibliographic data

Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623951

URN:: urn:nbn:de:zbw-retromon-241167

Document type:: Volume

Title:: Banking and finance

Volume count:: Vol. 1, nr. 17

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1930

Scope:: [ca. 40] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: The Pittsburgh clearing house

Collection:: Economics Books

1924. . 1925... 1926... .. 1927... .... ce 1928. . ce 1090 8,036,000,000 8,856,000,000 9,197,000,000 9,289,000,000 9,452,000,000 10,162,939.970 Through the courtesy of the Clearing House, we are enabled to append the largest daily exchanges during the last ten years. June 18, 1918 .. $62,500,000 June 18, 1919 43,900,000 Nov. 6, 1920 42,000,000 Jan. 3, 1921 45,172,000 Nov. 13, 1922 39,606,000 Feb. 2, 1923 42,800,000 Jan. 2, 1924 42,245,000 Jan. 2, 1925 42,450,000 May 10, 1926 48,400,000 Feb. 1,1927 ....... 57,200,000 July 8,1928.......... 61,400,000 Feb 2, 1929 CL 52.662.000 No sketch of Pittsburgh’s financial position is complete without tribute to the name Mellon. It symbolizes vision, courage and constructive work of the first magnitude in be- half of Pittsburgh’s rise and growth. Pittsburgh is proud that Andrew W. Mellon, the most illustrious of American finan- ciers, developed his brilliant capacities in a Pittsburgh atmos- phere. His father before him, with fine vision and high cour- age, sponsored many of the then infant industries which have grown to world dominion. His sons have carried his banner to new heights. After sound judgment has been justified by colossal achievement, it is easy to minimize the courage and faith of early years, but when the final word is written, it wil} be recorded that the pioneering spirit of the Mellon family seeded the field of Pittsburgh’s greatness. They have justly earned the prestige and affluence which their high genius has earned. Well may it be said that their work has been and is constructive in the highest sense of the word. Through their brilliantly conceived financial operations they have given to the Pittsburgh community more in economic opportunity and

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