![]() ![]() The acquisition added more than 70 branch offices and more than 700 professionals in addition to a strong investment banking business. in 1972, itself the product of the 1956 merger of Union Securities (formerly the investment banking division of J. which had merged with Eastman Dillon Union Securities & Co. Among its predecessor firms were Blyth & Co. Two years later, in 1979, the company acquired Blyth, Eastman Dillon & Co., which itself was the product of a number of mergers. Mitchell Hutchins, which traced its roots to 1919 had evolved to become one of America's leading equity research boutiques. In 1977, the firm acquired investment research and advisory firm Mitchell Hutchins. PaineWebber also acquired Abbott, Proctor & Paine in 1970, the Abacus Fund, a closed-end investment company in 1972, Mitchum, Jones & Templeton Inc. Smithers & Co., providing its first a presence in fixed income. ![]() As was the case for many firms, PaineWebber engaged in a number of acquisitions in the 1970s, as a wave of consolidation spread through the industry. In 1974, the firm completed an initial public offering of the stock of its holding company, PaineWebber Inc., and listed the company on the New York Stock Exchange. The firm's holding company was incorporated on Jas PaineWebber Inc., of which Paine Webber Jackson & Curtis was its main subsidiary. The firm moved its headquarters from Boston to New York in 1963. With its greater combined asset base Paine Webber Jackson & Curtis had become a significant participant in the New England financial market. The combined firm, Paine, Webber, Jackson & Curtis, operated a combined total of 22 branch offices. In July 1879, Charles Cabot Jackson and Laurence Curtis had founded their brokerage firm Jackson & Curtis on Congress Street in Boston, Massachusetts not far from the original Paine Webber offices. Ward Paine became head of the firm, a position he held until 1940.įollowing the difficult years of the Great Depression, Paine Webber merged with Jackson & Curtis, another Boston-based brokerage firm in June 1942. Paine died just weeks before the Wall Street Crash of 1929. After nearly fifty years at the head of the company, W.A. entered the investment banking business in the 1920s. Paine entered into a partnership with Copper Range Company and Copper Range Railroad, controlled by John Stanton.Ĭontrolled by the Paine family, Paine, Webber & Co. The firm would purchase a seat on the New York Stock Exchange in 1890. Paine to the partnership, the firm was renamed, Paine, Webber & Co. Webber founded Paine & Webber as a brokerage firm in Boston, Massachusetts with a seat on the Boston Stock Exchange. It was a year long celebration, with the biggest events taking place on July 4th.In May 1881, William Alfred (W.A.) Paine and Wallace G. In 1976, in the year of Donald J Weber's passing, The United States celebrated the Bicentennial of the adoption of the Declaration of Independence. The first artificial nuclear explosion took place near Alamogordo New Mexico on July 16, 1945. Julius Robert Oppenheimer, a nuclear physicist born in New York, led the Los Alamos Laboratory that developed the actual bomb. With the support of Canada and the United Kingdom, the Project came to employ more than 130,000 people and cost nearly $2 billion. In 1942, Donald was 34 years old when on June 17th, Roosevelt approved the Manhattan Project, which lead to the development of the first atomic bomb. To the present, it is the symbol of the City that is known throughout the world. The "international orange" color was chosen because it resisted rust and fading. Taking 5 years to build, the 4,200-foot-long suspension bridge was an engineering marvel of its time - 11 men died during construction. In 1937, by the time he was 29 years old, on May 28th, the San Francisco Golden Gate Bridge opened to cars. Its population was over 327,000 when it became a state. territory it was increasingly colonized by European-American settlers. Previously a province of Mexico, then a territory of the United States and mostly populated by Native Americans and Mexicans, once it became a U.S. In 1912, when he was only 4 years old, New Mexico became the 47th state of the Union in January. It was the most destructive earthquake ever to hit Europe. The earthquake, lasting 30 to 40 seconds, occurred in the Strait of Messina which was between the region of Calabria (at the "toe" of Italy) and the island of Sicily and destruction from it occurred in a 186 mile radius. In 1908, in the year that Donald J Weber was born, a 7.1 earthquake and the resulting tsunami killed 70,000 to 100,000 people in southern Italy and Sicily. ![]() Refresh this page to see various historical events that occurred during Donald's lifetime.
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