Word: bankes
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Dates: during 1920-1929
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...Paris Salon is an American girl-Marsue Burrows, New York, 15. She had two miniatures accepted in the Spring exhibition which opened April 28. Miss Burrows began the study of art on her arrival in Paris in March, 1922. Her father, Frank Burrows, is connected with the Irving Bank-Columbia Trust Company, Manhattan...
Encouraged by its success in operating labor banks, organized labor contemplates invasion of the shipping business. The Marine Engineers' Beneficial Association offered to buy, for $300,000 cash, three 12,000 ton government vessels from the Shipping Board, guaranteeing to operate them immediately and to deposit an initial payment of $90,000 in escrow in a responsible bank. The offer was rejected by Chairman Lasker of the Shipping Board on the ground that the bid was below the minimum selling price of $30 per deadweight ton fixed by the Board's policy. Mr. Lasker said he would consider...
...charge that these tyrants are backed by Wall Street raises the old questions: Does money recognize any morality? When a banker steps into his bank, does he leave his conscience on the sidewalk...
...consistent. Secretary Mellon is an out-and-out optimist, who sees no evidence of inflation, no cause for alarm, and a long period of prosperity ahead. Charles M. Schwab is cheerful, but feels it necessary to caution business men against overoptimism. Charles E. Mitchell, president of the National City Bank, Manhattan, recognizes present prosperity, but warns against the dangers of rising costs produced by over-swift expansion. Much the same position was taken by the U. S. Department of Commerce in a recent bulletin. In the case of the stock market, J. L. Livermore, noted operator, is more pessimistic...
...Durant, head of Durant Motors, Inc., has announced his intention to organize a national bank in New York City, whose officers and directors will serve without compensation, and in which stockholders will be allowed to hold only one share. In all, 300,000 shares will be offered, at $150 apiece. Equally distinctive is the announced policy of the new bank. It will not charge a commission or bonus in money or stock for making loans, nor operate an affiliated security company nor make loans either to its officers or to companies with which they are officially connected. Exactly what purpose...