Word: bankes
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Dates: during 1920-1929
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Progress. The experts at Paris were understood to have agreed, last week, that $100,000,000 will represent the working capital of the proposed Bank of International Settlement. If and when established the Bank will act as a corporate trustee for the stupendous volume of German payments-the idea being to place "on a business basis" the present semipolitical functions of the Reparations Commission, which is to be absorbed by the B. I. S. This idea, by the way, appeared more and more clearly, last week, as the brain-child of Owen D. Young, Chairman of the Committee, co-representative...
...when this entente is realized will be a day of world confidence and world credit. And from that day when the Bank of Nations is realized, there will be real association des nations." (In French the League is called Societe des Nations often abbreviated...
...situation was that the Federalistas in Juarez were waging a hopeless battle against Insurrectos under General Miguel Valles. A stray bullet fired by an Insurrecto traversed the Rio Grande and broke a window pane on the 13th floor of El Paso's First National Bank. Also in El Paso, a two-year-old U. S. girlchild, Miss Lydia Roberts, was killed by a second stray bullet, and a third despatched "the most popular U. S. citizen in Juarez," jovial "Teddy" Barnes, bartender of the famed Mint Cafe. With a bank, a baby and a bartender all involved, General George...
Last week, however, one U. S. banker did speak his mind on speculation, flayed not only the Market but also the newly organized investment trusts, which he called "incorporated stock pools." This banker was Paul Warburg, Board Chairman of International Acceptance, which recently (TIME, Dec. 31) merged with Bank of the Manhattan Co. One of the formulators of the Federal Reserve System, a member of the Federal Reserve Board from 1914 to 1918, Mr. Warburg was eminently qualified to discuss stocks and money...
...directors were Dr. William M. Burton, onetime President of Standard of Indiana; Melvin A. Traylor, president of Chicago's First National Bank; Thomas S. Cook and Dr. Gentry S. Cash. President Edward G. Seubert, a Stewart man, retained his position. Indeed, his functions were increased, since no Board Chairman was elected to succeed Col. Stewart...