Talk:George M. Pynchon

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== George M. Pynchon ==

George M. Pynchon was the senior partner of Pynchon and Company, one of the biggest financial institutions on Wall Street and the first really big brokerage houses to fall in the Great Depression.

From the Time Magazine article of May 3, 1931:

"With eleven branch offices, with membership on 16 stock and commodity exchanges, with offices in London, Liverpool and Paris, Pynchon & Co. formed an important unit in the U. S. investment structure. It came into existence 36 years ago in Chicago as Raymond, Pynchon & Co., a Board of Trade house and moved to New York the same year...

. . . In 1917 the firm became Pynchon & Co. '''Its senior partner is George Mallory Pynchon, whose great hobby is yachting. He lives near the water in Greenwich, Conn., has never ceased active participation in his firm’s business. The day of the suspension he was in his office. So was his aviation-conscious son George Jr.'''

In recent years Pynchon & Co. entered the field of issuing securities. It has sponsored Utilities Power & Light of which Harley Clarke is president,''' also General Theatres Equipment. Inc. another Clarke-managed company. The recent decline in the shares of these two companies and of Fox Film Corp. are thought to have brought Pynchon & Co. to the breaking point.''' Other companies with which its name is associated include Consolidated Aircraft, American States Public Service, American Brown Boveri, Servel. As usual, Pynchon & Co. gave hope to creditors that not one cent would be lost, that even at present prices assets can meet liabilities. The extent of the money tied up is estimated at $40,000,000, establishing the failure as the biggest yet on the New York Stock Exchange." 1

The author Thomas Pynchon is related; I have yet to determine the particulars of their familial relationship. 

1 https://time.com/archive/6747137/business-finance-fall-of-pynchon/ [[Special:Contributions/~2026-25666-53|~2026-25666-53]] ([[User talk:~2026-25666-53|talk]]) 00:58, 27 April 2026 (UTC)