Word: bankes
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Dates: during 1920-1929
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With Berlin committed to the plan, through the adoption of Dr. Hjalmar Schacht's Gold Discount Bank Bill by the Reichstag just before its dissolution*, and Poincare's Government somewhat unwillingly pledged to accept the plan, not only "in principle" but in effect, by the conditions of Morgan's $100,000,000 loan†, the main obstacles to the work of the Drafting Committee were removed...
...Dividends from stock in the new gold issue bank...
These three sources of income- excise, railway bonds, bank stock- would be divided among the Allies according to the ratios arrived at in the Spa Conference of 1920. Each Ally would get a definite sum of cash each year from the excise taxes, and income from the railway bonds and bank stock. Each Ally would have only shareholders' rights over the latter sources of reparations. Reparations in kind would be obtained by means of orders in Germany, conducted in the usual commercial manner through the gold issue bank from the funds made available to che individual nations from...
...only way in which "short" gambling can be met and broken is by "long" gambling. To gamble requires money. The only way the Bank of France could get money on a falling market was to sell francs (thus contributing to the stampede), or to borrow on the strength of its gold reserve. Large loans were accordingly negotiated on this security in London and New York, and credits placed at the disposal of the Bank of France in all gambling centres. The result was immediate; the "bears" were quickly routed. This definitely showed that the movement was not materially backed...
...Whenever the bank executives want to fill an important position in the bank, they always ask me for a Business School graduate" was the way in which Mr. Curtiss, chairman of the Board of the Boston Federal Reserve Bank, expressed his admiration for the business school training when questioned by a CRIMSON reporter yesterday afternoon at the Union...