Word: bankes
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Dates: during 1920-1929
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...home but many a son could not be present to share its holiday rewards. When other U. S. citizens were turning homeward for the year's greatest family celebration, Jack was converting heathen on Luzon, Tom was selling Standard Oil up the Yangtze, Ike was with National City Bank at Bombay, Pete was peddling vacuum cleaners out of Stockholm?all manifesting the U. S. Empire invisible...
...weeks ago blue-eyed Princess Ileana of Rumania ran her small yacht . on a sand bank in the Black Sea and waited, fogbound, fog-frightened, until rescued by a gunboat from Constanta. Last week, fog-free and thankful, she presented a handsome silver candelabrum to the many domed Cathedral of Constanta. Her pious inscription...
...drift of the London market away from its position as world's leader. "Home Rails," long considered a prime investment, have seen the cycle bring Depression, as have Industrials. British Consols, once the "world's safest security" have depreciated with high interest rates. Last week's lowering of the Bank of England's discount rate to 5% and the shipment of $21,000,000 gold from New York were bullish items on the London market but could not compensate for the collapse in the gigantic Royal Mail and doubts concerning Kylsant, "Lord of the Seven Seas...
...almost all U. S. corporations, American Express was never incorporated, being a voluntary association (joint-stock company) formed in 1850. Chances of American Express failing have, however, become increasingly slim. In March its domestic express business was transferred to an agency controlled by the railways. In July, Chase National Bank and Chase Securities Co. secured practically all American Express stock...
Last week American Express announced it will form American Express Bank & Trust Co. with $10,000,000 capital. Although the new bank will be incorporated in New York, each American Express office will amount to a correspondent, and, should branch banking laws be repealed, could quickly become a branch. In this way Chase may some day have a nation-wide banking system without buying out-of-town banks or forming new ones...