Word: bankes
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Dates: during 1920-1929
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Business must sometimes subordinate itself to Politics. Seven weeks ago John Pierpont Morgan and other international big tycoons finished drafting at Paris the so-called Young Plan, embodying their potent recommendations as to how German Reparations may best be paid through an International Bank of Settle-ment (TIME, March 25, et seq.). Politicians representing Germany and the Creditor Powers must now accept or reject the tycoons' advice. Last week, after a month of spirited bickering among European chancellories, it was decided to hold a "Political Reparations Conference" in mid-August at The Hague. The immaculate, aristocratic capital of Queen...
...think of the way we have been treated .... I agree with Mr. Lloyd George's statements. . . ." Although tacitly admitting that circumstances would probably oblige the empire to stomach the Young Plan, Chancellor Snowden militantly added that at The Hague he would make one paramount demand: The new International Bank of Settlement must be located in London...
...looked around and called for Abie. Abie is my $150-a-week New York office boy. He's worth it! ... Abie started to look around and found an old woman, thrown out of her berth, completely nude. Abie saved her, led her up to the bank. She went along quietly. Not a bit of hysteria, embarrassingly nude as she was. Her calm was wonderful...
David Robertson Forgan, "Dean of Chicago Bankers" (Vice Chairman of National Bank of the Republic) last week addressed the Rotary Club of St. Andrews, Scotland, where he was born 67 years ago. In accents from which 40 years in the Midwest have not yet rasped the St. Andrews burr,* he said: "If England went to war tomorrow, she could borrow as much money as she wanted. France could not raise a dollar...
...Seven years ago, while he was still founder-president of the since-merged National City Bank of Chicago, Scot Forgan was approached by two young men about to start a new business. They wanted him to buy some of their stock at $25 the share. Looking down his straight strong nose, Banker Forgan declared he could buy no stock. Said he: "I'm just a poor mon and I wor-rk for a sollery...