Word: bankes
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Dates: during 1920-1929
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Shortly before the holidays a mysterious donation of $5000, in the form of a check on a Columbus, Ohio, bank was received by Graduate Secretary W. I. Tibbetts '17. No letter, of explanation accompanied the gift, and it was with some misgivings that he sent it to the Cambridge Trust Company for collection. In due course of time the Columbus bank reported that its only knowledge of the matter was through the receipt of similar checks made out to a score of Y. M. C. A. organizations all over the country. No trace of the anonymous philanthropist could be found...
...extent of $700,000 or $800,000 by speculations in Wall Street (TIME, Jan. 7). Last week Senator Caraway, Democrat, of Arkansas, made public letters accusing Leonard Wood, Jr., former Army Captain, the older son, of having "victimized" ex-service men and others by selling them oil and bank stocks which proved to be almost valueless...
...French Treasury was stated to be 23,000,000,000 francs. This was, of course, largely for reconstruction work in the devastated areas and the money was, or has to be, found by another issuance of government bonds. Thus it was said that "95% of the assets of the Bank of France are obligations of the Republic of France"?a fact not likely to induce confidence in French finances...
...Hjalmar Schacht, new President of the Reischbank (TIME, Dec. "31), was not in any hurry to assume his duties. Having been elected in opposition to the wishes of the Board of Managers of the Bank, he was reported to be anxious to avoid the machinations which the friends of Dr. Helffrich, the candidate of the Board, were preparing...
...result which the reader of these annual homilies upon business deduces is that while 1924 should be prosperous, still we must not expect a boom or borrow too heavily at the bank...