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W(illiam) Averell. 1891--1986, US diplomat: negotiated the Nuclear Test Ban Treaty with the Soviet Union (1963); governor of New York (1955--58)
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



a financial group in the USA. Its founder, Edward Henry Harriman (1848-1909), founded Harriman and Company, a bank and stock-market firm, in 1872. By 1909 he had taken control of major railroads. He left a fortune estimated as high as $600 million. His sons, W. A. (Averell) Harriman and E. R. Harriman, established control over large industrial and banking corporations and doubled the fortune they had inherited from their father. In 1911 they founded the bank Harriman Brothers and Company, which, after merging with another large New York bank, was renamed Brown Brothers Harriman and Company in 1931. After World War I (1914-18) they concluded an agreement with the Hamburg-American Line, a large German shipping line, bought up the stock of Austria’s largest bank, and began to mine a deposit of nonferrous metals in Poland.

During World War II (1939-45) the Harriman financial group was further consolidated, and close ties were established with the First National City Bank of New York, Morgan Guaranty Trust, and other New York and Chicago financial groups. Together with them, the Harrimans control a number of major American corporations, in which they own the controlling blocks of shares and hold directorial positions. According to 1965 data, the Harriman group controlled assets exceeding $5 billion, of which $1.8 billion was in banking and $3.3 billion in industry and transportation.


Perlo, V. Imperiia finansovykh magnatov. Moscow, 1958. (Translated from English.)
Men’shikov, S. M. Millionery i menedzhery. Moscow, 1965.
Zorin, V. S. Nekoronovannye koroli Ameriki, 2nd ed. Moscow, 1967.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
After settling down by the fire, Harriman jumped out of his chair without warning and attacked his wife with a knife.
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New Job: Susan Bonesteel Harriman has been named executive director of ForwARd Arkansas, a partnership of the Winthrop Rockefeller Foundation, Walton Family Foundation and Arkansas Board of Education that aims to improve public education in Arkansas.
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Pool trailed when Michael Harriman drilled in a low, first-time finish.
Harriman (pictured at right): The most glaring reality for financial advisors is the notion that the government, particularly policymakers in Washington, feel that they know best how to help manage retirement plans.
Harriman, CLU, ChCF, a partner with Lebel and Harriman, LLP, and former MDRT president, characterizes his firm as one of the largest of providers of life insurance in New England.
Hill and Edward Harriman battled for control of the Northern Pacific Railroad.
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Negative feelings among the Western Allies, particularly those resulting in the kind of advice offered to President Truman by Averell Harriman and George Kennan, are deemed responsible for the postwar breakdown; whereas if Franklin Roosevelt had lived, it is suggested, things might have been different.