Financial History Issue 122 (Summer 2017) | Page 5

TRUSTEES IN THIS ISSUE DEPARTMENTS Richard Sylla, Chairman New York University Andrea de Cholnoky, Vice Chair Golden Seeds Robert Muccilo, Treasurer 4 The Ticker Consolidated Edison Alvi Abuaf Museum collaborates with Cheddar on CEO Video Series. Financial Services Executive Gregory Bauer 4 Message to Members Moody’s Marcy Cohen By David Cowen, President and CEO ING Americas David J. Cowen, President/CEO Museum of American Finance 7 Connecting to Collections Sanford Crystal New Acquisition: Argentinian Inflationary Currency Crystal & Company   By Sarah Poole John P. Davidson III Citigroup Charles Elson 8 Educators’ Perspective University of Delaware Winning Without Subsidies: Planes, Steamships and Automobiles Adam Goldstein Vettery   By Brian Grinder and Dan Cooper Martha Clark Goss American Water Works 36 Book Reviews Cory Gunderson Protiviti A Rabble of Dead Money, by Charles R. Morris Robert Hotz Houlihan Lokey   Reviewed by Gregory DL Morris Alfred F. Hurley, Jr. Why Wall Street Matters, by William D. Cohan Emigrant Bank   Reviewed by Bart Ward Myron Kandel CNN 39 Trivia Quiz Glenn Kaufman Kaufman Family LLC Ranch Kimball Glorious Cahoots Capital Partners Consuelo Mack WealthTrack Richard B. Payne, Jr. Financial Services Executive Verne O. Sedlacek Financial Services Executive Karen Seitz ON THE COVER Mark Shenkman Shenkman Capital Management, Inc. David L. Shuler itBit Maria Smith Portrait of an unidentified woman, a smile on her face, as she reads a stock ticker, early 20th century. See related article, page 20. Fusion Partners Smith Affiliated Capital (SAC) Charles Wait The Adirondack Trust Company John E. Herzog, Chairman and Trustee Emeritus Herzog & Co. www.MoAF.org  |  Summer 2017  |  FINANCIAL HISTORY  3