Word: banke
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Dates: during 1940-1949
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...with an estimated profit of more than $1,000,000. All the silver had been turned over to a notorious smuggler named Roberto Maese, who moved it across the border to El Paso. Each deal had at least two profitable angles: 1) it evaded the export tax; 2) the bank sent out old-style silver pesos, whose metal value is now higher than the face value, and replaced them in its own accounts with paper money...
...Bank. Maese was arrested (and released on bail). At the customhouse in Ciudad Juarez, 62 inspectors were fired, 25 other officials suspended, and 76 employees either fined or transferred. The Banco de Comercio was fined 200,000 pesos...
...City, Beteta was unexpectedly faced with the possibility of a financial panic, touched off by a run on the Banco de Comercio. Said the pro-Communist El Popular: "Every patriotic depositor should withdraw all funds at once." Beteta' asked editors and financial writers to go easy on the bank...
...week's end the threat of a bank run appeared to be ended, but Mexican bankers and politicos had not heard the last of smuggled silver. Congressmen were ready to take the matter up this week...
Coolidge's Vice President and now board chairman of Chicago's City National Bank and Trust Co., celebrated his 84th birthday by brushing off newsmen who wanted his views on the state of the world. Growled Dawes: "I'm an old man. No one wants to hear what I have...