APPENDIX C IBA MEMBER FIRMS WHICH HAVE TERMINATED BUSINESS BY DISSOLUTION OR MERGER, 1960 TO MAY 1, 1967 (Excluding Major Mergers Where Merged Firms Retain Identity) Hanrahan & Co., Inc., Worcester EASTERN F. P. Ristine & Company, Philadelphia Stroud & Company, Inc., Philadelphia Townsend. Dabney & Tyson, Boston Brooke, Sheridan, Bogan & Co., Inc., Philadelphia Mead. Miller & Co., Baltimore B. J. Van Ingen & Co., Inc., New York Harner & Turner, Inc., Philadelphia J. R. Williston & Beane. New York Ira Haupt & Co., New York Robert Winthrop & Co., New York Rouse, Brewer. Becker & Bryant, Inc., Washington, D.C. Frederick S. Robinson & Co., Inc.. New York Vermont Securities, Inc., Brattleboro E. W. Clark & Co., Philadelphia Sheridan Bogan Paul & Co., Inc., Philadelphia Georgeson & Co., New York Schoellkopf. Hutton & Pomeroy, Inc., Buffalo Grimm & Co., New York Samuel K. Phillips & Co., Philadelphia Edward M. Bradley & Co., Inc., New Haven SOUTHERN C. F. Cassell & Company, Inc., Charlottesville Fridley & Frederking, Houston Graham-Conway Co., Louisville United Securities Company, Greensboro Clark, Landstreet & Kirkpatrick, Inc., Nashville Pollock & Fosdick, Inc., Houston Frost, Read & Simons, Inc., Charleston, S.C. Jack M. Bass & Company, Nashville William N. Edwards & Company, Fort Worth Barron McCulloch & Company, Inc., Fort Worth Murray W. Moore & Company, Dallas Huger, Barnwell & Company, Charleston, S.C. Parker, Ford & Co., Inc., Dallas Clement A. Evans & Company, Inc., Atlanta Perkins & Company, Inc., Dallas Brown, Wareing, Ball & Co., Houston J. W. Tindall & Co., Atlanta Beil & Hough, Inc., St. Petersburg Musloch, Baudean & Smith, New Orleans Moreland, Brandenberger & Currie, Galveston, Texas Crockett & Co., Houston L. Cook & Company, Inc., Cleveland Fahey, Clark & Co., Cleveland John B. Joyce & Company, Columbus MIDWEST Milburn, Cochran & Company, Inc., Wichita Smith, Polian & Co., Omaha Storz-Wachob-Bender Co., Omaha Indianapolis Bond & Share Corporation, Indianapolis L. B. Schwinn & Co., Cleveland F. S. Yantis & Co., Incorporated, Chicago Ballman & Main, Inc., Chicago Koenig. Keating, & Stead. Chicago Luce, Thompson & Co., Kansas City, Missouri Braun, Bosworth & Company, Toledo Campbell, McCarty & Company, Inc., Detroit Semple, Jacobs & Co., Inc.. St. Louis Taylor, Rogers & Tracy. Inc., Chicago F. J. Winckler Co., Detroit Bingham, Sheldon & Co., Milwaukee Henry, Franc & Co., St. Louis Nongard, Showers & Murray, Inc., Chicago C. F. Childs and Company, Inc., Chicago Stranahan, Harris & Company, Toledo Ray Allen, Olson & Beaumont, Inc., Chicago Walton & Company, Inc., Little Rock Irving J. Rice & Company, Incorporated, St. Paul Gunn, Carey & Rowlston, Inc., Cleveland A. C. Allyn & Co., Chicago The First Cleveland Corporation, Cleveland First of Iowa Corporation, Des Moines McDonald, Evans & Co., Kansas City, Missouri Wm. J. Mericka & Co., Inc., Cleveland Albert McGann Securities Company Inc., South Bend Strauss, Blosser & McDowell, Chicago Westheimer & Co., Cincinnati H. L. Emerson & Co., Inc., Cleveland Carl McGlone & Co., Inc., Chicago Piersol, O'Brien and Adams, Inc., Kansas City Metropolitan St. Louis Company, St. Louis Nauman, McFawn & Co., Detroit Shillinglaw, Bolger & Co., Chicago Patterson, Copeland & Kendall, Inc., Chicago Baker, Fentress & Co., Chicago The W. C. Thornburgh Company, Cincinnati Soden Investment Company, Kansas City Muir Investment Corp., San Antonio WEST Elworthy & Co., Incorporated, San Francisco Hannaford & Talbot, San Francisco Pacific Northwest Company, Seattle Paine-Rice & Company, Spokane George Patten Investment Co., Portland, Oregon J. A. Hogle & Co., Salt Lake City Witherspoon & Company, Inc., Los Angeles Zilka, Smithers & Co., Inc., Portland, Oregon Hess & McFaul, Portland, Oregon Wilson, Johnson & Higgins, San Francisco Campbell & Robbins, Inc., Portland, Oregon J. Earle May & Co., Incorporated, Palo Alto Frank Knowlton & Co., Oakland Revel Miller & Co., Inc., Los Angeles APPENDIX D CAPITAL PROVIDED FOR SMALL BUSINESSES BY LOCAL AND REGIONAL INVESTMENT BANKING FIRMS The following 30 companies are random examples of the thousands of small, American businesses for which capital has been raised by small, local and regional securities dealers. A-G FOODS, INC. Baltimore, Maryland-This small company, formerly named Ameche-Gino Foods, Inc., was incorporated in February, 1960. It operates a chain of restaurants in Maryland, Pennsylvania, Delaware and New Jersey under the names Ameche, Gino and Rustler. Stein Bros. & Boyce, a securities firm in Baltimore, Maryland, in March, 1960 was the sole underwriter of 99,000 shares of A-G stock for $3 a share. At that time A-G sales were slightly over $1,000,000. Sales for 1967 are estimated at $24,000,000 and a two dollar original investment in the stock would now be worth $26.50. The company has grown from 8 locations in 1960 and 246 employees to 63 locations and 2,100 employees. AIRCRAFT ACCEPTANCE CORP. Columbus, Ohio-This small company was formed in 1957. In 1960 First Columbus Corporation, a local investment banking firm in Columbus, Ohio, sold over $200,000 of Aircraft Acceptance stock. First Columbus has also provided subsequent debenture financing for the company which is now believed to be the largest independent aircraft financing and leasing corporation in the United States. Its gross income has grown from $45,000 a year in 1960 to $700,000 in 1966. ALPHA INDUSTRIES Newton Upper Falls, Massachusetts-Since 1962 this company has engaged in the microwave electromagnetic energy field. Two local investment banking firms in New England-Burgess & Leith of Boston and Putnam, Coffin & Burr of Hartford-raised $345,800 for this company through a stock offering in October, 1966. The shares offered to the public at $9.50 now sell at $15.25. The company has grown from 95 employees in 1965 to 150 employees. AMPEX CORP. Redwood City, California-This company's principal facilities are now in California, Alabama, New Jersey, Texas, Illinois and Colorado. During its early years, Irving Lundborg & Co., a small securities firm, was instrumental in a private placement which gave the company intermediate financing until a public offering could be arranged. In 1953 Irving Lundborg & Co. participated with a large investment banker in the first common stock offering of Ampex stock. The subsequent success of the company is well known. Its sales in 1966 were $169,000,000 and its earnings were $8 million. It now has over 10,000 employees and 37,000 shareholders. Its shares are traded on the New York Stock Exchange. ANELEX CORP. Headquartered in Boston, Massachusetts with plants in New Hampshire, Virginia, Pennsylvania and California-This corporation makes devices for the computer data processing and communications industries. In 1960 $3,330,000 was raised for ANelex through a securities offering underwritten by Putnam & Co., a regional New England securities firm. Since the offering in 1960, sales of this |