The Morgan Report Blog

Silver Squelchers 20 & Their Interesting Associates: Investment Bankers in The Pilgrims Society #2

Silver Squelchers 20 & Their Interesting Associates
Investment Bankers in The Pilgrims Society #2

by Charles Savoie

1) John Charles Straton Jr. (1932—: Pilgrims Society as of undetermined) has info in the 2014 Who’s Who in the East, pages 1367-1368—

The December 21, 1907 New York Times, front page headline read, “Ruined Speculator Kills J.H. Oliphant Then Shoots Himself in the Brokerage Office of his Victim Who Dies at 2:00 AM Today, Fortune of $75,000 Gone” we read:

“James H. Oliphant, senior member of the Stock Exchange firm of James H. Oliphant Co., and one of the best-known brokers in this city, was shot, and mortally wounded in his office at 20 Broad Street yesterday afternoon by Dr. Charles A. Geiger of Beaufort, S.C., a ruined speculator, who for two years or more had been a customer of the Oliphant firm. Dr. Geiger then turned the revolver on himself and sent the bullet into his brain, dying instantly.”

My “Pilgrims meter” tells me that Oliphant was a member, though he wasn’t a charter member as of January 1903—

The 2005 Who’s Who in America, page 3502, shows David Olyphant (note spelling variation) as a member of The Pilgrims. He was a Citibank executive, an officer of the English Speaking Union (direct Pilgrims subsidiary) and involved with the American Trust for the British Library.

John Charles Straton Jr. was with Oliphant & Company for 19 years, then went to Spencer, Trask & Company (1975-1977) when then merged with the Hornblower & Weeks investment bank (described in detail in #7 Silver Squelchers, pages 22-34. Next there was a merger with Loeb, Rhoades & Company, connected to Pilgrims Society member John L. Loeb Jr., who became Ambassador to Denmark (1981-1983). Loeb Jr. was in The Pilgrims 1980 roster and had holdings in Holly Sugar Corporation, Cuban Atlantic Sugar, Metro Goldwyn Mayer, Denver & Rio Grande Western Railroad and others. Afterwards these firms underwent yet another merger into Shearson Loeb Rhoades then Shearson Lehman Brothers. In 1993 Straton bounced to Smith Barney & Company, which merged with Salomon Brothers; and finally today is part of Morgan Stanley Wealth Management.



David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?


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