Word: bankes
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Dates: during 1920-1929
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...there were few, looked last week toward Philadelphia. Traders felt, and with reason, that the deliberations of 5,400 U. S. bankers, gathered for the meeting of the American Bankers' Association, held a more or less potent threat to the stockmarket. Many a banker, speaking for himself or his bank, had warned against frenzied speculation. The market had kept its strength, had soared through a record month. But traders feared the effect of a solemn and public pronouncement from the Philadelphia convention. Resolute bulls faced the 5,400 bankers with hostility...
...onels. As every Louisianan knows, New Orleans can boast many an active, enterprising apostle of sound finance. One such journeyed to Philadelphia last week to address fellow-bankers on bedrock principles of their profession. No dodderer, no lotterer, Rudolf S. Hecht is the able president of the Hibernia Bank & Trust Co. of New Orleans. German-born Banker Hecht has become so substantial a support of Louisiana industry that the Times-Picayune gratefully hailed him as New Orleans' most constructive citizen. As a reward he won the Times-Picayune trophy. For these reasons, and for one other?his passionate fondness...
...point his remarks, bankers heard that the investment firm of S. W. Straus & Co. was planning to establish a new chain of banks, using the Straus National Bank & Trust Co. (Chicago) as a nucleus...
...tithe swells the total. Part of Treasurer Carnes's job was to lend money to needy wayside churches, and Treasurer Carnes thereby made contacts with wayside bankers, whom he won as he had won the board. His word alone was good at many a Southern bank, and often he borrowed $15,000, $10,000 and like sums "for the board...
Foreign Loans. Various German organizations are negotiating to borrow $100,000,000 in the U. S.; Greece wants $75,000,000; Hungary $5,000,000 (for its Reformed and Lutheran churches). President Charles Edwin Mitchell of the National City Bank (Manhattan), last week told German bankers that $150,000,000 of foreign bonds offered in New York have remained unsold. That condition will doubtless force new foreign borrowers to offer high rates of interest (7% or more) for new loans...