Word: bank
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Dates: during 1950-1959
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Over the years, as the trusted and all-knowing head of the bookkeeping department, Mamie Averill created a sort of personal bank balance for herself, auditors discovered, by under-recording receipts in the company ledgers. Example: in 1952, after depositing in the firm's bank account a $94,891 check from a client, she altered the entry from $94,891 to $4,891. That gave her $90,000 to draw on. When she wanted some money she simply made out a company check to "cash," slipped it into a sheaf of legitimate checks for a company officer to sign...
...prosperous Europe to do its bit elsewhere. The U.S., having donated or lent $75.8 billion to foreign countries since 1945, could not bear the burden alone, nor could any single nation. ¶ Britain's Sir Oliver Franks, onetime ambassador to Washington, and now chairman of Lloyds Bank, coined a vivid, if not quite precise, name for the new need. Instead of a familiar East-West crisis, he talked of a North-South axis, proposed that the world's industrial "north" form a committee, with the U.S. as full partner, to coordinate and share the burden of assistance...
Last week, with the blessings of World Bank President Eugene Black, a new kind of international commission was being formed, to concentrate on devising coordinated aid programs for one key area -India and Pakistan, where nearly 500 million people live. The commissioners would be top-drawer private bankers-for the U.S., perhaps Chase Manhattan Bank's John J. McCloy or Detroit Bank & Trust Co.'s Joseph M. Dodge; for Britain, Sir Oliver Franks; for West Germany, Chancellor Adenauer's influential banker friend, Hermann Abs. Perhaps Jean Monnet would be added from France, and Escott Reid from Canada...
According to Philippine records, Lewin deposited a total of $6,521,000 in Reno's First National Bank of Nevada between 1951 and 1953. But when the U.S. tried to collect $501,755 in taxes, Lewin successfully argued that he could not be assessed for income earned outside...
...merely reacting, has lately done so intelligently. A Caribbean arms embargo coupled with an obvious show of patience toward Cuba has taken any hemisphere-wide punch out of Castro's anti-Yankee tirades. Current U.S. investment policies are increasingly based on partnership (see below). The Inter-American Bank, mostly U.S. financed, will be in business just as soon as the remaining 18 of the 20 Latin American countries cough up their donations...