A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from May 08, 2011
“Capital goes where it’s welcome and stays where it’s well treated”

Entry in progress—B.P.

Wikipedia: Walter Wriston
Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp. As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time. During his tenure as CEO, the bank introduced, among other innovations, automated teller machines, interstate banking, the negotiable certificate of deposit, and “pursued the credit card business in a way that no other bank was doing at the time.” With then New York Governor Hugh Carey and investment banker Felix Rohatyn, Wriston helped save New York City from bankruptcy in the mid-1970s by setting up the Financial Control Board and the Municipal Assistance Corporation, and persuading the city’s union pension funds and banks to buy the latter corporation’s bonds.
(...)
Quotes
Capital goes where it’s welcome and stays where it’s well treated.—Walter B. Wriston

Google News Archive
22 August 1947, Calgary (Alberta, Canada) Herald, pg. 4, col. 1:
Capital Only Goes Where It’s Welcome

Google Books
Super Market Merchandising
Volume 18
1953
Pg. 165:
BUSINESS GOES WHERE IT’S WELCOME
It’s an old adage, but a true one — customers do go where they feel welcome.

Google News Archive
16 February 1958, Salt Lake Tribune (Salt Lake City, UT), “Up and Down the Street” by Robert W. Bernick, pg. 14B, col. 1:
But all of the reasons can be traced back basically to the fact that “capital goes where it is appreciated.”

Google Books
Report of the Fiftieth National Foreign Trade Convention
New York, NY: National Foreign Trade Council, Inc.
1963
Pg. 177:
As one experienced and articulate international business executive has said so well, “Private capital goes where it is wanted, and will remain where it is well treated.”

Google Books
Foreign Enterprise in Colombia:
Laws and policies

By Seymour W. Wurfel
Chapel Hill, NC: University of North Carolina Press
1965
Pg. 76:
It has been aptly stated that “Capital goes where it is wanted, and stays where it is well treated.”

Google Books
Food & fiber for the future:
Report of the National Advisory Commission on Food and Fiber

By Sherwood O. Berg; United States. National Advisory Commission on Food and Fiber.
Washington, DC
1967
Pg. 139:
It must be the responsibility of such governments to create the climate of legal and political conditions to invite capital from aboard and to stimulate its generation at home, keeping in mind that, “Capital goes where it is made welcome and stays where it is well treated.”

Google Books
Resource Guide on World Hunger
By Melvin B. Myers and John W. Abbott
New York, NY: Church World Service
1968
Pg. 149:
It must be the responsibility of such governments to create the climate of legal and political conditions to invite capital from abroad and to stimulate its generation at home, keeping in mind that “Capital goes where it is made welcome and stays where it is well treated.”

15 April 1986, New York (NY) Times, ‘Economic Freddom Receives a Boost” by Walter B. Wriston, pg. A31, col. 4:
Today, capital goes where it is wanted and stays where it is well treated.

Google Books
Community Capitalism:
Rediscovering the Markets of America’s Urban Neighborhoods

The Ninety-First American Assembly
April 17-20, 1997
By The American Assembly, Columbia University
Pg. 11:
Capital goes where it is invited and stays where it is welcome.

Kudlow’s Money Politics
Friday, January 26, 2007
Capital Goes Where It’s Treated Well

Washington (DC) Post
Working up a tax storm in Illinois
By George F. Will, Published: April 29, 2011
(...)
Tim Storm’s presence in Beloit demonstrates how American federalism gives force to a familiar axiom: Businesses go where they are welcome and stay where they are well-treated. 

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Sunday, May 08, 2011 • Permalink