Word: banke
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Dates: during 1960-1969
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Asked what his idea of good, clean fun was, Champi said, "running along the bank of the river making a fool of myself." Dowling said it was "taking a nice warm bath...
...banking, more than in most other lines of business, computers have freed employees from considerable drudgery by taking over routine paperwork and bookkeeping. Now the machines will begin to do much more important chores for many banks. The First National Bank of Atlanta, one of the South's largest, has started a computer service that could help hundreds of small bankers make higher-level management decisions...
...service, called Dynabank, is a form of computer time sharing that ties smaller banks into a large IBM storehouse of money-management data. By operating a special electric typewriter connected by telephone line to a computer center, a small-town banker can get a printout of information about conditions in distant bond and money markets, as well as economic forecasts for the nation or his region, and other data. If he is thinking of buying bonds, Dynabank will quote prices and yields of issues. If he wants to sell, the computer can tell him the market value...
After testing the system in four small Southern banks, First National demonstrated it to a group of U.S. bankers. The response exceeded expectations. Though prepared for only ten initial orders at most, First National has already won 22 contracts. New banks are joining the Dynabank system at the rate of two a day, as equipment becomes available. Eventually, First National hopes to draw banks throughout the U.S. into a computer network for exchanging information. Says H. Monty Osteen, one of the executives who helped develop the system: "To a large degree, management has been reluctant to use computers as anything...
College Grads and Clam Beds. By the 1870s-chasing a new breed of bank robbers, mostly ex-soldiers like the Younger Brothers of Missouri, and pouncing on cheating streetcar conductors in the East-Pinkerton agents were operating out of offices in New York and Philadelphia. The revolutionary slum boy from Glasgow was able to build himself a Scottish estate in Onarga, Ill., complete with 85,000 imported trees, where he entertained the likes of General Grant and Commodore Vanderbilt. Yet as America progressed beyond the crude improvisations of frontier justice, Pinkerton gradually fitted less and less serviceably into his society...