Word: bankes
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Dates: during 1920-1929
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Twelve tired-eyed jurors, taut and nervous, filed solemnly into the District of Columbia Supreme Court room one morning last week after a day and a night's deliberation. A young bank teller, as foreman, cleared his throat huskily, read from a blue paper in his shaky hand: "Guilty, with a recommendation to the mercy of the court...
...shot came a few minutes before banks were due to open. That morning the doors of Plum's comparatively small Folkebank (capital $1,600,000) remained locked. Cousin Bretteville Plum, the bank's Managing Director, scouted the police theory that Tycoon Plum had intended to commit suicide. Stock of the Folkebank dropped only 15 points. Hours dragged by, with Plum the Great unconscious...
...this summer it became known that control of Kraft-Phenix had passed to Selected Industries, Inc., and affiliated investment groups. But bigger than any of these developments was an announcement last week that Kraft-Phenix would be a unit in a new food company sponsored by the National City Bank. Other companies included were Hershey Chocolate Corp. and Colgate-Palmolive-Peet Co. Combined assets of the three exceed $125,000,000, placing the new company ahead of J. P. Morgan's Standard Brands...
...layer of stop loss orders, whether the some what uncertain business conditions that appeared in September particularly in the direction of automobiles, "specialties" and rubber brought the shift in public opinion, whether the recent discussion of the Massachusetts, Public Utilities' Commission unsettled the upward movement, or whether the Bank of England's raising its rate a month ago exerted the final pressure that broke the market is in a sense an academic question...
...consideration of these factors seems to give a certain weight to the theory that the discount rate of the central bank of a country is not the ultimate determinant in a country's credit position, particularly when public opinion refuses to take cognizance of the message of the rate, and when--as has been the case in the late years in the United States--the credit policy is controlled by other factors than the gold reserve. In view of these facts it does not seem too much to say that stereotyped financial theory and business practice are rapidly being...