Word: bankes
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Dates: during 1930-1939
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Unexpectedly, our train was halted at a small town and surrounded by Russian troops with fixed bayonets. An officer boarded the train and ordered all American bank men to come with him. About a score of us were lined up in "column of twos" and marched into the village between files of soldiers. I must confess to an attack of cold sweat as we marched down the street not knowing our destination but fearing the worst...
...months ago Gustave Sap rose in Belgium's Parliament and pointed out that though Premier van Zeeland had tendered his resignation from the directorate of the National Bank of Belgium, the Bank still listed him as a vice governor, had not chosen a successor. Broadly he hinted that Paul van Zeeland was still accepting his $20,400 salary as a bank official, in addition to his much smaller salary as Premier of Belgium.* Furious, Premier van Zeeland swore that this was a lie, offered to open all his private accounts. Parliament believed him. Gustave Sap's own Catholic...
Last week the question of the Belgian Premier's double salary was reopened with a bang. Rexist Degrelle declared that. whether or not the Premier was getting his money, the National Bank of Belgium still carried Paul van Zeeland's 600,000 Belgian franc salary on its books. It was thereupon revealed that at least part of this sum had been quietly pocketed by the bank's Governor Louis Franck and the other directors. Nobody was greatly exercised when Premier van Zeeland belatedly admitted that he had accepted bonuses in 1934 and 1935 when he had left...
...meeting of Parliament. King Leopold, whose favorite Premier is Paul van Zeeland, may delay the meeting till passions have cooled somewhat. Well he knew that though Paul van Zeeland might be personally guiltless, it was his duty as Premier to know what monkey business the directors of the State bank of issue were indulging...
When Depression came, George Wingfield set out to keep it out of Nevada. His banks lent millions to ranchers, took mortgages on thousands of head of cattle. Presently this credit structure grew so top-heavy that it needed only the drought of 1930-31 to topple it. On Nov. 1, 1932 came a twelve-day State bank holiday and the twelve Wingfield banks never reopened. According to the RFC bank examiner it was "the most honest failure I have ever seen." Of some $4,000,000 loaned to ranchers, the banks got back only $200,000. Of their...