Word: bankes
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Dates: during 1920-1929
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...realization of the economic interdependency of nations, a doctrine which has grown with enormous strides in the decade since the war, was consummated yesterday at Baden-Baden when final details as to the proposed World Bank were issued. If this institution, designed primarily to facilitate execution of the Young reparations plan, works out to its theoretical conclusion, it should stand among the greatest reforms of the twentieth century...
...efficiency of international finance has seemingly reached its maximum. The clearance principle, the economizer of money, has reached its broadest ramifications. Just as the city clearing house facilitates commercial transactions, so the World Bank expedites the use of credit in its reserve holdings...
...ripe for so comprehensive and so sweeping a sacrifice of national interests. The clause which provides that each nation may safeguard its national desires is reminiscent of the liberum veto and is attended with the same dangers. Although only the future can determine the success of the World Bank, it is certain that the plan is among the most progressive experiments...
...gift of $400,000 in securities has been made to the Harvard Law School by Chester DeWitt Pugsley '86, president of the Westchester County National Bank at Peekskill, New York, to provide graduate scholarships in international law for students from all nations of the world...
...coming meeting reflects both the importance and the purposes of the Society. A round table discussion of "The Money Market in 1929", to take only one example, can hardly fail to be stimulating and instructive under the leadership of Mr. Burgess of the New York Federal Reserve Bank. And anything that such men as Dr. Vanderblue, Professor Crum, and Colonel Ayres may have to say on the general business situation may well be of national interest...