Word: bankes
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Dates: during 1920-1929
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...accident took the chairman from the Illinois Merchants Trust Company, the bank that Mr. Mitchell had made, with assets of $580,000,000, the second largest in Illinois,* practically his own creation...
...when Mr. Mitchell was 27 years old, financial troubles all but wrecked the Illinois Trust & Savings Bank of Chicago. He had been its messenger boy and had earned higher jobs and the confidence of the directors. They made him president when the bank was troubled...
...strictest of his reform rules was that the bank might loan no money unless fully covered by good collateral. The late Philip Danforth Armour† once sent word from the Chicago Stock Exchange that he wanted $100,000 at once. The young president returned word that he wanted collateral. Mr. Armour furnished it and valued President Mitchell for his stubborn consistency. Marshall Field also liked him and made him bank trustee of the Marshall Field estate...
...resources of the Illinois Trust & Savings Bank were $69,000,000. The president retired when he was 66 years old. But four years later the bank merged with the Corn Exchange National Bank and the Illinois Merchants Trust Co. of Chicago. As the Illinois Merchants Trust Co., it needed its old president and he returned from what he wanted- a peaceful retirement with his wife and five children...
...Exceeded by the Reynolds Brothers' Continental National Bank and Trust Co., resources $640,000,000 (TIME...