Word: bank
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Dates: during 1950-1959
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...hundreds as soon as they can get the cash; a young hog farmer with a growing surplus big enough to start a cannery. "I haven't had as much fun in years," said Graham. Then he deposited $25,000 of his own money in the Punjab Bank as the start of a lending fund which he hopes will grow and grow...
NUCLEAR-POWER race will be greatly influenced by big 150,000 kw. reactor in southern Italy. World Bank, which is expected to help finance Italian project, will ask seven internationally known atom experts to choose best system. Result may largely decide whether other countries will buy Britain's gas-cooled natural-uranium reactors or liquid-cooled enriched-uranium plants, which the U.S. is anxious to export...
...little town of Ellenville, N.Y. (pop. 5,000) gulped when Banker William Rose, a self-proclaimed Robin Hood, was charged with allowing overdrafts of $1,200,000 (TIME, Dec. 24), and his Home National Bank was closed by the Federal Deposit Insurance Corp. Last week Ellenville gulped again as the FDIC sifted through the remains of Home National (capital: $807,000). To settle Rose's gift-loan of $958,000 to the nearby Anjopa Paper Co., the FDIC agreed on a $396,000 installment-plan repayment. FDIC had no other choice; Anjopa's total worth is only...
...pocket, the bank's stockholders angrily flared up as well at the delighted reaction of Anjopa President Joseph Di Candia (also under indictment for conspiracy with Rose). "I am a happy man today," cried Di Candia, and promptly guaranteed a bright future for friendly ex-Banker Rose, who is now driving a truck while awaiting trial next month. Promised Di Candia: "When Bill Rose's troubles are over, I'll offer him half interest in the paper mill-for nothing. I will never forget Bill Rose for what...
...Prospect. In Fuquay-Varina, N.C., E. T. Burchett, auto salesman, explained to police why he chased an armed bandit who had just robbed a bank of $12,000: "I wanted to sell him a car and I knew he had some money...