Word: bankes
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Dates: during 1920-1929
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Credit and Banking. Republicans in 1920 demanded deflation, and within 18 months after the election, bank loans and discounts fell off five billions and currency in circulation over one and a half billions, resulting in the bankruptcy of farmers, in industrial depression, and in unemployment...
...money for the $50,000,000 international Hungarian loan, keen satisfaction was displayed in Hungary when a reallotment of the loan to the extent of $10,000,000 was made to a group of U. S. bankers. Said Premier Count Stephen Bethlen: "We had already obtained from the principal banks of Europe guarantees for the whole of the $50,000,000 required. Our appreciation of the present American action is therefore relatively disinterested and all the more sincere." Describing the policy of his Government as one of peace and reconstruction, the Premier continued: "Within the last three months, Hungary...
...President de Alvear announced that he would also send to Congress a bill to reform Argentina's banking and currency systems. The new measure would combine features of the Bank of England and the Federal Reserve system...
There has been agitation in London to drop the Bank of England's rate to 3½ or under to meet New York's cut, and thereby avoid losing financial business to America. More experienced bankers, on the other band, declare this would simply inflate the pound sterling further, and that if the Bank rate is changed at all, it should be moved upwards rather than down...
...Navy Romance Revealed in Suit," "Pair Captured After Chase in Narcotic Theft," "General Wood's Kin Three Days in Sea." It carries three snappy pages of sport news. Its foreign news (when it can be found) tells: "Ten Men Killed in Moroccan War," "Boy Worker Locked in Bank" (Eng.), "Priest's Auto in Accident" (Ire.), "Colonies Restless, Empire Shakes" (Eng.), "Ice Prevents Sailing" (Can.). It is vigorous in its editorials...