Word: bankes
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Dates: during 1920-1929
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Born of mountaineer stock at Breeding, Ky., lanky, humorous "Mel" Traylor also went west, to a two-fisted section of Texas, where he clerked by day, studied law at night and in 1909 became president of the First National Bank of Ballinger...
...bank vice-presidency in East St. Louis, Ill., was his stepping-stone to Chicago. There banker James B. Forgan took him into his First Trust & Savings Bank and with that potent backing and his own brilliant acumen he rose like a rocket to the presidency of the First National Bank of Chicago which he holds today...
...Hans Nickels, a onetime Kapitan of Munich police, was pursued to Hamburg, arrested. In the sedan was a cigar box. In the cigar box was a pound and a half of smokeless powder and a time fuse. At the same time Hamburg police raided the apartment of a Hamburg bank clerk, found another bomb containing the same type of powder. The arrest of Bombardier Nickels and the bank clerk led to the discovery of a bomb factory in Berlin operated by a certain Erich Timm. Much more important was the discovery that these men and many others were members...
...every good bank come many sound investing opportunities which must be refused because of legal restrictions. So, in order to widen their operating field, most large banks have investment affiliates, somewhat less conservative than the banks themselves. Step Three in the employment of currency would obviously be for the bank to organize an investment trust, and that is what Chicago's Continental-Illinois Bank Trust Co., largest U. S. bank outside Manhattan, did last week. President was Arthur Reynolds, who is board chairman of Continental-Illinois. Vice-president was James R. Leavell, also a Continental-Illinois vice president...
...Continental Chicago Corp. in one outstanding feature. According to Mr. Reynolds, it was not designed to speculate in securities but was established primarily to assist Continental-Illinois' 40,000 commercial customers. Said Mr. Reynolds: "There are innumerable instances where a company is not entitled to commercial bank credit . . . and is in no position to go to the securities market. . . . Yet it is entirely sound and worthy of banking cooperation. . . . We know from experience that there is keen need for this additional banking service, that it is entirely sound and extremely lucrative. . . . There will be [in Continental Chicago Corp.] nothing...