167:. In this period, J.& W. Seligman & Co. Inc. underwrote the securities of a variety of companies, participating in stock and bond issues in the railroad and steel and wire industries, investments in Russia and Peru, the formation of the Standard Oil Company, and shipbuilding, bridges, bicycles, mining, and a variety of other industries. In 1910,
197:
in 1956 to form
Eastman Dillon Union Securities & Co. The combined firm had assets of more than $ 17 million and had completed more than $ 770 million in underwriting of corporate issues and municipal bonds since the beginning of 1955. An intermediate financing portion of the business was not
186:, the firm spun off its securities underwriting business as Union Securities. The firm was formed with $ 1 million of cash and an additional $ 4 million of unfunded subscriptions. Union Securities established a successful track record during the 1940s and 1950s in as a
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firm in existence from 1938 through its acquisition in 1956, although the name would survive through 1972. Union
Securities was created in 1938 as a spinoff of the investment banking operations of
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The Union
Securities name remained until 1972, when what was then known as Eastman Dillon Union Securities merged with Blyth & Co. to form
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148:, to open a bank, where they were the first American banking firm to sell United States Government bonds in Europe. In the post-Civil War
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sold in the merger, and that business was renamed Tri-Continental
Financial Corporation. In 1979, Eastman Dillon (later
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era, the firm invested heavily in railroad finance, in particular acting as broker of transactions engineered by
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ended, the
Seligman brothers decided to go into the banking business and a year later, Jesse Seligman went to
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However, by the 1930s, Seligman's investment banking business was declining. In 1938, in response to the
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In the early 20th century, the firm's predecessor backed the construction of the
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Corporation gave control of his company's board to the
Seligmans and
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The last partnerships: inside the great Wall Street money dynasties
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in return for underwriting $ 15 million worth of corporate notes.
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Defunct financial services companies of the United States
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firm, focusing on acquiring and restructuring companies.
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156:. Later, in 1876, the Seligmans joined forces with the
206:, which in 2000 became part of financial conglomerate
244:. Archived Company Website, Retrieved April 20, 2010
781:
Financial services companies disestablished in 1972
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140:and his brothers in New York in 1846. After the
771:Financial services companies established in 1938
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193:Union Securities merged with securities broker
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761:Former investment banks of the United States
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796:1972 disestablishments in New York (state)
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160:to create public utilities in New York.
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309:
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136:was founded as an importing house by
791:1938 establishments in New York City
202:) was acquired by securities broker
333:J. & W. Seligman & Co. Inc.
13:
14:
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256:. McGraw-Hill Professional, 2001
117:That firm was later acquired by
16:American investment banking firm
492:Blyth, Eastman Dillon & Co.
434:Basler & Zürcher Bankverein
200:Blyth, Eastman Dillon & Co.
115:Blyth, Eastman Dillon & Co.
314:Wall Street: Financial Capital
291:Tricontinental History - 1950s
284:
279:Wall Street: financial capital
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259:
247:
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134:J. & W. Seligman & Co.
109:In 1956, the firm merged with
100:J. & W. Seligman & Co.
47:J. & W. Seligman & Co.
1:
730:Wellington Management Company
497:Kidder, Peabody & Company
213:
776:Banks disestablished in 1972
92:Union Securities Corporation
7:
121:, which is today a part of
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318:, New York: W. W. Norton,
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766:Banks established in 1938
720:MFS Investment Management
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612:
535:
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464:O'Connor & Associates
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388:Union Bank of Switzerland
386:
377:
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66:Eastman, Dillon & Co.
60:
52:
42:
32:
24:
195:Eastman Dillon & Co.
177:Lee, Higginson & Co.
132:The firm's predecessor,
111:Eastman Dillon & Co.
310:Gambee, Robert (1999),
454:Dillon, Read & Co.
426:Swiss Bank Corporation
268:. TIME, Oct. 17, 1938
232:. TIME, Jul. 16, 1956
296:May 13, 2008, at the
68:, ultimately part of
713:Largest shareholders
487:Jackson & Curtis
584:Alex Wilmot-Sitwell
449:SG Warburg & Co
444:Warburg Dillon Read
411:Phillips & Drew
242:The Seligman Legacy
102:as a result of the
94:was an independent
21:
599:William G. Parrett
559:Markus U. Diethelm
523:McDonald & Co.
482:Paine & Webber
439:Basler Handelsbank
396:Bank in Winterthur
184:Glass-Steagall Act
146:Frankfurt, Germany
142:American Civil War
104:Glass-Steagall Act
96:investment banking
19:
743:
742:
531:
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502:Mitchell Hutchins
401:Toggenburger Bank
171:of the fledgling
169:William C. Durant
158:Vanderbilt family
89:
88:
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659:Jerker Johansson
507:Union Securities
459:Brinson Partners
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335:Funding Universe
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300:. April 16, 2004
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266:MARKETS: New Tri
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188:merchant banking
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20:Union Securities
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689:Kaspar Villiger
684:Olivier Sarkozy
654:Marten Hoekstra
624:Gary P. Brinson
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516:Other companies
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298:Wayback Machine
289:
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277:Robert Gambee.
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138:Joseph Seligman
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56:1938 (spin-out)
37:Investment bank
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281:. 1999, p. 224
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173:General Motors
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644:Oswald Grübel
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617:and directors
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589:Robert McCann
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574:Ulrich Körner
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547:Colm Kelleher
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540:and directors
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325:0-393-04767-9
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84:United States
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80:New York City
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704:Jürg Zeltner
674:Marcel Ospel
649:Ralph Hamers
639:Blair Effron
594:Chi-Won Yoon
506:
474:Paine Webber
380:predecessors
313:
286:
273:
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204:Paine Webber
192:
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165:Panama Canal
162:
150:robber baron
131:
119:Paine Webber
108:
91:
90:
76:Headquarters
64:Merged with
25:Company type
735:Wealthfront
725:Norges Bank
699:Robert Wolf
664:Peter Kurer
629:John Costas
579:Tom Naratil
406:Interhandel
43:Predecessor
750:Categories
669:Ken Moelis
634:John Cryan
615:executives
604:Phil Gramm
549:(Chairman)
538:executives
378:Historical
230:Time Clock
214:References
154:Jay Gould
294:Archived
33:Industry
28:Acquired
536:Current
128:History
53:Founded
613:Former
371:UBS AG
322:
208:UBS AG
70:UBS AG
555:(CEO)
320:ISBN
61:Fate
756:UBS
416:SMH
123:UBS
752::
222:^
210:.
106:.
82:,
363:e
356:t
349:v
329:.
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