Word: bankes
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Dates: during 1920-1929
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...Cleveland. To assist him in the East, Mr. Nutt picked out a Manhattanite, Jeremiah Milbank, mild-mannered Yale graduate ('09), careful investor of a multi-million patrimony; clubman, generous donor to philanthropies (especially for cripples); director of such concerns as the Southern Railway, Metropolitan Life, Chase National Bank, Corn Products; board chairman of Case, Pomeroy & Co. Like Banker Nutt and the Democracy's Raskob, Mr. Milbank is new-to politics but widely acquainted, keen to learn...
Brilliant is the spotlight which plays about the comings and goings, the doings and infrequent sayings of Gov. Benjamin Strong of the Federal Reserve Bank of New York. All the world knows when he speeds to Europe. All the world watches for his meeting with the Grand Viziers of international finance...
Montagu Collet Norman, witty Governor of the Bank of England...
...Washington, a man named Roy A. Young presides day by day over the Federal Reserve Board, central authority of the twelve regional banks. In Chicago, Minneapolis, Atlanta, sit Governors with as much authority as clothes the Governor of New York's bank. But when Benjamin Strong, lean, nervous, enters the doors of the Bank of England, or when Benjamin Strong, ill, receives the foreign chiefs in Manhattan, no Wall Streeter thinks of the quiet, unostentatious figure in the Treasury building's spacious offices. And certainly no Streeter thinks of such an untraveled, provincial person as a banker...
Money was never so easy as last September, when the bull market was in full swing. But in Europe the central banks were in trouble. Helpfully, the Federal Reserve sought to ease up still further on credit in the U. S., with the sound idea that higher interest rates abroad would attract much-needed funds. It ordered the Chicago bank to reduce its rediscount rate from 4 to 3½%. Chicago bankers, led by famed Melvin Alvah Traylor, head of the powerful First National Bank, dissented sharply, voiced grave warnings. Unheeding, the Federal Reserve forced its way, helped Europe weather...