Word: bankes
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Dates: during 1920-1929
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Career: His natural talents elevated him to the point of owning a bank. Meanwhile he took to politics, became private secretary to the late Senator Alexander Stephens Clay. After the death of Senator Clay Banker Harris was elected to the State Senate without opposition, presently became State Democratic Chairman. His opportunity came in 1912. He was one of the original Wilson men of Georgia, ran the state campaign of that year. In the White House, Woodrow Wilson made him Director of the Census Bureau, later put him on the Federal Trade Commission, of which he became chairman. In 1918 Senator...
Startling was the name, for it signified the merger of two of the famed four "D" banks. Dedi becomes the only billion dollar bank† outside of the U. S. and Great Britain, controlling, some say, over one-third of the deposits of the seven biggest banks in Germany...
Silent for many a week of the Bank of England's discount rate (TIME, Aug. 19), Governor Montagu Collet Norman last week sent a uniformed messenger scurrying through the bank's corridors, bearing over his head a sign: "BANK RATE...
Quick to criticize this move were English businessmen, struggling to maintain the slow revival of British industry, for a higher rate means higher credit charges. On the other hand London bankers, nervous over the long and steady drain of gold from England, saw in the bank's announcement the only possible way of bolstering the gold reserve, down ?20,000,000 this year and now ?17,000,000 below the irreducible minimum of ?150,000,000, set by the Cunliffe Currency Commission...
Last week they brooded over the startling name of Deutsche Bank and Disconto Gesellschaft and, with Teuton unanimity, decided to call it Dedi...