Word: bankes
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Dates: during 1920-1929
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Maryland Jail. Between the bank of the Choptank River and the village green in leisurely, New Englandish Denton, Md., stands the Caroline County Jail. It is a charming place, accommodating some 25 prisoners, 18 of whom are convicted bootleggers. Last week, Sheriff William F. Jackson made comment: "The fellows the Government sends down here are all right and do not cause me a bit of trouble. ... I believe in treating the boys fairly. . . . They are locked in their cells at night and then I let them out in the jailyard to get air. The boys can fish in the river...
...ground was discovered in London near Fleet Street, that had never been built on. Diggers unearthed "15 feet of solid history," relics dating from the Paleolithic period (with a gap from Saxon times to the 13th Century) to the present. ¶Workmen digging for foundations for the new Bank of England building turned up the leather soles of Roman women's shoes. Newspaper stories were written to the effect that styles have changed little...
After that conference, the Journal of Commerce charged last week, "The little New York group that dominates the Federal Reserve System came to Chicago and tried to induce the directors here [of the Chicago Federal Reserve Bank] to cut the [re-discount] rate and afford pretext to New York. The request was flatly and somewhat indignantly refused. borrowed at a low rate, can be reloaned at a slightly higher rate...
Continued the Journal of Commerce: "Europe and particularly England wants, and no doubt needs, a very low money market in this country so that American bank funds in large totals may be' attracted to England; and to that end our re-discount rates are to be reduced, and probably Federal Reserve securities are to be sold, and easy credit is to be manufactured...
...James B. McDougal is Governor of the Chicago Federal Reserve Bank...