Word: bank
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...best performers. Over the past ten years the average fund has increased about 300%. M.I.T.'s gain over that period: 365%. Thus $1,000 invested in M.I.T. shares ten years ago would be worth $3,650 today v. $1,417 if it had been placed in a savings bank at $%. But many a smaller fund that has less to invest, and thus can get in and out of the market more easily, has done much better. Among the top performers in each fund category, the best record of all was turned in by Boston's Keystone...
After the monthly trustees' meeting last week, 350 officers, employees and guests of Manhattan's Union Dime Savings Bank gathered at the Hotel Pierre to celebrate a gala occasion. Union Dime was 100 years old, and over the years it had gone from piggy-bank size to the nation's 15th biggest mutual savings bank with deposits of $485 million. In a way too the party was in honor of a man. At 66, Union Dime's President John Wilbur Lewis had spent 48 years at the bank, helping it grow and growing with it until...
...deposits grew, Lewis helped his bank find better ways to put the money to use. Bankers give him much of the credit for a new New York State banking law passed in 1950 that enabled savings banks to invest part of their assets in stocks. He was the first president of New York's Institutional Investors Mutual Fund, an open-end stock fund for mutual savings banks that now has assets of $46 million. With it all, he was an easy man to work for: friendly, outgoing, a delegator of responsibility who enjoyed calling his staff "my family." Says...
Probably the most unlikely moneyman ever appointed to the high post of secretary of the Bank of England was a tall, genial, walrus-mustached Scot who much preferred to spend his time on the bank of the Thames. The Old Lady of Thread-needle Street, with a comfortable ?40 million worth of bullion in her vaults toward the end of the last century, could well afford an officer who set records for short hours and long absences (due to illness), occupied himself with punting, sculling and solitary walks. It was another activity that made his fellow Citymen uncomfortable: Kenneth Grahame...
...resigned from the bank in 1908, when he was 49. Four months later he published a tale about a mole, a water rat and a scapegrace toad, called The Wind in the Willows. The London Times wrote stiffly that "as a contribution to natural history, the work is negligible." But Grahame's fable caught on with such varied readers as Theodore Roosevelt and Kaiser Wilhelm, came to be one of those rare books recognized by both children and adults as a children's classic. It still sells about 80,000 copies a year...