Word: bank
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Flowering Business. Just as Quinn was winding up for big things, so were Hawaii's booming new enterprisers. Millionaire Chinn Ho, 55, became the first Oriental director of a major island estate, also heads his own investment and land-development combine. Others started up airlines, banks, insurance companies and scores of smaller businesses ("The poor Chinese," goes a Hawaiian gag, "is the one who washes his own Cadillac"). From the mainland, too, came fresh capital and nien with big ideas. Pink-cheeked Millionaire Industrialist Henry J. Kaiser jolted the Big Five by plunking down $18 million for an apartment...
...speeding away from the advancing U.S. troops, was hastily abandoned in upper Austria, 37 miles east of Germany's Berchtesgaden. One stalled truck yielded 23 chests crammed with expertly forged British ?5 and ?10 notes with total face value of several million dollars. At a lake near by, bank notes tossed overboard from a second truck began to float ashore. In the months that followed, U.S. Navy divers and British frogmen plunged to the 200-ft. to 250-ft. depths of Austria's Toplitz Lake, and later at least three amateur searchers lost their lives seeking the phony...
...Britannia gave them particular trouble), and still longer to match the bluish rag paper that the real notes were printed on. Dates and serial numbers were carefully checked against real ones. At last came the test. A Gestapo agent took some of the bogus notes to a Zurich bank, said he was afraid that they were counterfeit, asked the Swiss to run tests on them. The bank even checked numbers with London and reported its verdict: the notes were genuine...
...Daily Worker complained that " 'more' and 'quick' are stressed, but 'good' and 'economical' are ignored" in Chinese industry, even suggested that "individually run enterprises" might be set up side-by-side with state enterprises. To woo back disillusioned businessmen, the Red Bank of China has taken the unprecedented step of accepting claims by traders seeking damages for substandard exports. So far, the Bank has seen fit to rule in the trader's favor only a few times...
Died. Eugene Meyer, 83, publisher, board chairman of the Washington Post and Times-Herald, who served his country with distinction: governor of the Federal Reserve Board (1930-33), first chairman of the Reconstruction Finance Corp. (1932), first president of the World Bank (1946); in Washington. At 57, Meyer capped a successful career as a financier by buying the bankrupt Post (1933 daily circulation: 62,000), over the years strengthened editorial policy, bought (1954) from Colonel Robert R. McCormick the Post's biggest Washington rival and political antithesis, the Times-Herald, boosted the daily circulation of the combined papers...