Word: bankes
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Dates: during 1920-1929
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Along the Champs Elysees tall flagpoles appeared, to be followed by other tall flagpoles along the Grands Boulevards. American and French flags began to flap in thousands on both the Left and Right bank of the Seine. The government announced that a silver medal would be struck in honor of the Legion's visit. Out came the bunting and the banners of welcome all over the city. Signposts in English would direct the former doughboys to the sights of Paris. And immediately those sights began to take on colorful decorations. From base to summit the Eiffel Tower would...
...another direction worked the American Red Cross, aided by the French Red Cross. Along the Cours la Reine, the Parkway along the Right bank of the Seine, the Red Cross headquarters were set up. There Salvation Army lassies got ready to dole out doughnuts to ex-doughboys and there arose serried rows of first aid and comfort stations. Throughout the capital the French Red Cross erected first aid stations particularly along the route of the proposed triumphal march...
...Otto Hermann Kahn, once a cashier in a German bank at Carlsruhe, came to the U. S. during the panic of 1893. A few years later he was helping E. H. Harriman reorganize the Union Pacific Railroad. President Roosevelt said of him: 'The soundest economic thinking in this country is now being done by Otto H. Kahn." He sits on the board of directors of the Equitable Trust; Kuhn, Loeb & Co. Mainly he is known for his patronage of the arts?principally the Metropolitan Opera. Last year he endowed the New Playwrights Theatre (Man-hattan). In 1896, he married Addie...
...Federal Reserve Board in Washington last week established 3½% as the rediscount rate for the Federal Reserve Bank of Chicago, and there was anger in Chicago...
Before the Federal Reserve Act became law in 1913 and was still in discussion, local bankers wanted the rediscount rates fixed by the proposed regional banks. The late William Jennings Bryan and his Democrats opposed that idea vigorously. The rates, said they, should be established by some central in-stitution?the Federal Reserve Board. The compromise: the boards of directors of each of the 12 Federal Reserve Banks were to submit to the Federal Reserve Board at Washington for approval, a rediscount rate for their particular region. The Board was presumed able only to veto, not to initiate rates...