Word: bankes
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Dates: during 1920-1929
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...Bank revetment-$8,000,000 (total authorization...
...public man, he entered politics involuntarily and after experiencing extraordinary responsibilities in private life. A game is a thing you play. A duty is a thing you execute. Mr. Mellon has been an executive for nearly half a century. His father made him responsible for loans in the Mellon bank while he was still in his 'teens. Before he was 30, he was charged with administering his father's whole considerable estate. Thereafter he ruled and expanded an industrial empire constructed of steel, railways, oil, coal, electricity, insurance, ships, bridges, plate glass, aluminum. In 1920, this empire...
...parties will have to make sacrifices and maybe the banks also. For a bank it is better to have a live customer on the books than a corpse. Until you get an industry on a sound basis you cannot move forward half an inch and you will never get fresh capital, enthusiasm or anything, and nothing but ruin stares you in the face. No Government can help in this cutting out of deadwood...
Commerce & Industry are borrowing more money from banks (a healthy trend, economically). New York Federal Reserve Bank last week reported $296,829,000 bills discounted. A year ago they were $118,374,000. However, some of the great difference was borrowed for speculation in wheat, corn, hogs and cotton...
...Stone & Webster and Blodget, investment bankers. Since 1890 population has increased from 62,000,000 to 117,000,000; manufactures $9,372,379,000 to $62,700,000,000; farm products $2,460,000,000 to $19,700,000,000; exports $850,000,000 to $4,870,000,000; bank deposits $4,060,000,000 to $48,880,000,000. In 1890 the U. S. owed foreign investors and institutions $600,000,000; now they...