Word: bankes
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Dates: during 1920-1929
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Embarrassing enough to be a vice president and director of a bank which fails. More embarrassing to be charged with gross negligence in the bank's management and to be sued for $1,850,000 by 7,000 depositors. Still more embarrassing to be a U. S. Senator when these things happen. And most embarrassing of all, thought observers, for aged U. S. Senator Francis Emory Warren of Wyoming ("The Greatest Shepherd Since Abraham"), against whom the $1,850,000 suit was brought last week. Senator Warren, of all Senators, might be considered a sound bank official. For many...
Senator Warren's bank was the First National of Cheyenne. It failed in 1924. The suit mentioned that he had attended only nine board meetings...
Last week, New York city balanced its bank account, discovered it had spent $243,430 since January, 1926, for welcomes to Distinguished Guests. Expensive guests: Lindbergh, Byrd, Chamberlin, $110,000; Koehl, Fitzmaurice, von Huene-feld, $60,000; Costes, Lebrix, $15,000. Official Welcomer Grover Whalen wrote Mayor Walker, diffidently: "It would seem opportune ... to raise the question as to how far ... the city should go." Recklessly, New York went ahead with plans to welcome "Lady Lindy," Pilot Stultz, Mechanic Gordon...
Married. Joan Higginson, daughter of Francis Lee Higginson, partner of Lee Higginson & Co. (Boston investment bank); to Alexander Mackay-Smith of Manhattan; in Boston...
...since 1923, to be director of the New York Central R. R.; to fill directorate left by the late Chauncey M. Depew, who died two months ago (TIME, April 16). Only one other Chicagoan has sat on this board-the late James Berwick Forgan, president of the First National Bank of Chicago...