Word: bankes
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Dates: during 1920-1929
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Events began to happen, slowly at first, then more swiftly. The creditors took charge of his assets. He resigned as President of a bank, which went to the wall. He was investigated by a grand jury and indicted for larceny, embezzlement, forgery, obtaining money under false pretenses and issuing false financial statements. Subsequently, the Post Office Department investigated him and he was indicted by a Federal Grand Jury for using the mails to defraud...
Punch, London's politico-humorous weekly, prodded President Coolidge for offering Europe aid after the reparations tangle had been unraveled. In a political cartoon, Mr. Coolidge is seen standing on the bank while he watches Dame Europa floundering in the reparations swamp. Says "Cal": "As soon as you have extricated yourself from the morass in which you are now wallowing I will be happy, Madame, to summon assistance...
Ever since Frank A. Vanderlip, former President of the National City Bank, Manhattan, made his startling speech anent official corruption in Washington, he has been resigning his many directorships one by one. His first retirement from the board of a prominent corporation followed a letter sent to him by J. Horace Harding, requesting his resignation from the Continental Can Co. Mr. Vanderlip went to the board meeting of the Company declaring that he would not resign, yet he did so when he discovered that his fellow-directors unanimously seconded Mr. Harding's request...
...among the other scholarships awarded at this time. Harold Greenleaf Phelps, of Grosse Pointe Park; Mich., a Freshman, received the Harvard Club of Michigan scholarship and Elbert Arthur Sanford '26, of Rochester, N. Y., the Rochester (N. Y.) Club scholarship. The class of 1867 scholarship goes to Benjamin Max Bank, a Freshman, whose home is Malden...
...discussion of socialism always comes down to the question of interest on investments, or interest on money in the bank. If capital earns the money it receives as interest, then nobody can be a socialist, then we must all be Socialists, because the small investor receives interest from his deposit as well as the large depositor...