Word: bankes
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Dates: during 1920-1929
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Progression. The investigation moved forward again when Gordon Sohn Rentschler, president of Manhattan's National City Bank, appeared to tell of his company's interest in Cuban sugar production and a low sugar duty. His story was forthright: National City had loaned large sums to Cuban planters who had been caught in the 1920-21 sugar deflation. National City had formed General Sugars, Inc., to take and operate over 3,250,000 acres, a $30,000,000 investment. To the United States Sugar Association's low-duty lobby fund, Mr. Rentschler's bank had contributed $10,000, had spent...
...Christmas Eve, 1927, Marshall Ratliff disguised himself as Santa Claus and, with three companions, robbed a bank at Cisco, Tex., killed two policemen. Captured and condemned to death, Robber Ratliff was returned to the county jail at Eastland, Tex., to undergo a sanity test. Eastlanders grumbled at the law's delay. Feigning paralysis, Ratliff last week snatched a gun from Jailor Tom Jones, killed him, but failed to escape...
Kentucky. What the Wisconsin resolution seemed to call for was a state of banking affairs like that described by Max Brunswick Nahm of the Citizens National Bank of Bowling Green, Ky., at the American Bankers Association October convention. Said Mr. Nahm...
Nebraska. In Nebraska last month was born a proposal which, had it occurred in their State, would have set the Wisconsin politicians baying with wildest apprehension. The proposal was to form one gigantic State bank for Nebraska, of which every state bank, now independent, would become a branch linking up the chain. Attorney Thomas Stinson Allen, brother-in-law of the late William Jennings Bryan, representing unidentified Manhattan banking interests, advanced the proposal to the State Government to lift it out of its troubles over the State's Bank Guaranty Fund. To this fund State banks in Nebraska must contribute...
...Allen proposed that the legislature grant a charter to the Central Bank of Nebraska, compel all other State banks to surrender their charters and become Central Bank branches. The Central Bank would pay off the Guaranty Fund's deficit, capitalize at $20,000,000, become the sole depository for State funds...