Word: aba
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...first vice president shall accede to the presidency. U. S. Banking thus picks its official spokesman two years in advance. Many things have happened in the last two years?particularly to Rudolf S. Hecht, chairman of New Orleans' Hibernia National Bank, who was elected second vice president of the ABA in the dark autumn...
Nevertheless, a number of ABA members feel that Banker Hecht has yet to live down his hectic years?at least in the public's eye. Last year a move was made to block his accession to the first vice presidency. New York members in session last June passed a pointed resolution calling on the ABA to nominate for high executive positions men "able to command the confidence not only of bankers but of the public at large." Last week with the annual ABA convention but a month away, the Hecht opposition again broke into the open. Manhattan bankers...
Bankers big & little know perfectly well that their titular leader at this time should be above reproach, unjustified though the reproach may be. But many feel Banker Hecht's long devotion to ABA affairs should be duly rewarded. No one denies that the swart little Bavarian from Ansbach with the slick black hair and the cropped mustache is a banker born. After a short training in Chicago he went to New Orleans, was a bank president at 33. But whether the ABA will break tradition to pass by Mr. Hecht at 49 is likely to be a hot question when...
...Springs, Ark. was pondering a report on the subject of bank robberies. Bank clearings in the 21 leading U.S. cities last week were up 82% from last year to the highest level since January 1932, but the week's crop of robberies was nearly normal. An ABA committee reported that in the six months ending Feb. 28 there had been 188 bank hold-ups by daylight, 29 night burglaries-an average of nearly nine per week. But the half-year total was down from 340 to 217. Scrupulously the ABA report cautioned that "there were...
...months were down from 126 to 110. Gun play had taken the lives of three bank employees, two spectators, eight peace officers, 24 bandits. Scores had been wounded. Banks had lost a total of $1,257,700 by armed violence. Most of the robberies were in small towns. The ABA committee recommended modern protective devices, deplored the $20,000,000 annual bill which U.S. banks pay for various kinds of crookery insurance, urged support of the Ashurst bill to control the domestic arms traffic and penalize robbers who make attacks on Federal Reserve members...