Word: bankes
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Dates: during 1920-1929
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...book The Zeppelins, he reports, without boast or apology, that he could have destroyed London were that the German desire. He invented the device of concealing dirigible raiders by lowering a pilot in a steel basket on 1,000 feet or more of cable through a cloud bank, with binoculars and telephone to give bearings, observe bomb damage. He says the Kaiser ordered him to avoid hitting King Albert of Belgium, King George of England, Buckingham Palace, Westminster Abbey, St. Paul's Cathedral or London's residential districts. He has commanded almost 100 dirigibles. For three years...
...bank of a chain can (and on occasion has*) failed without affecting the solvency of the other banks of the chain, but no branch of a branch bank fails unless the whole bank is submerged...
Both these systems have obvious advantages and disadvantages. If you are a small country banker who does not want to be swallowed up by a large bank, you will probably see that a chain bank remains a local bank with the interests of its neighborhood at heart; that branch banking is likely to result in financial monopoly; that incompetence or dishonesty in a few high places can ruin a whole branch banking system. If you are a large city banker wishing to expand, you will very likely see that a branch bank can be of more assistance in time...
Swift-tongued rumor had been busy before, anticipating a merger of banks in Boston, a merger in particular between Old Colony Trust Co. and First National Bank. Last week Philip Stockton, president of Old Colony, admitted that his company had entered merger discussions which had been broken off-and then renewed, with no decision yet reached. Believing that what a bank president calls a possibility is a sure thing, would-be stockholders eagerly hoisted the price of Old Colony stock in one day from $815 (bid) to $910 (bid). Very little stock was offered...
...five Boston branches besides its main office. First National has $403,000,000 of resources, and besides its main office, twelve branches in Boston, one in Buenos Aires, three in Cuba (at Havana, Santiago, Cienfugos). If the merger is effected it will produce no chain of banks, but one $610,000.000 bank with a head office and 22 branch offices...