Word: bankes
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Dates: during 1930-1939
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...month. Cuba would have 2,500,000 each month as a seigniorage, would pay for the rest by turning over the U. S. and foreign currency captured through Cuba's sizable export balance. With its own currency Cuba could then set up a national bank to furnish Cubans with foreign credit in exchange for their new pesos, pegged to the U. S. dollar. In addition the Bank could furnish Cubans with credit to buy back their land from foreigners, run their businesses, put Cuba on its own financial feet. As a counter-move to Cuban American, the Chase Bank...
From the proceeds of its bond issue Hearst Magazines will add about $1,000,000 to working capital. Another $1,000,000 will be used to refund an old debenture issue. The disposition of the rest is a complete lesson in Hearst finance. First comes the payment of bank loans amounting to $1,900,000. To get these bank loans Hearst Magazines had to have them guaranteed by its parent company, Hearst Corp., by its grandparent company, American Newspapers, Inc., and personally by William Randolph Hearst. Mr. Hearst's name is also on a $2,000,000 printing bill...
...lump the same Hearst Consolidated properties, with one exception-the profitable New York Evening Journal-in a wholly-owned subsidiary called Hearst Publications, Inc., which now proposes to offer $22,500,000 worth of bonds to the public. Nearly all the proceeds will be used to pay off bank loans and refund old bond issues, many carrying William Randolph Hearst's personal guarantee...
Hanging near the teller's wicket in most of the nation's banks is a little bronzed plaque announcing that accounts are insured up to $5,000 by the Federal Deposit Insurance Corp. Bankers complained bitterly about having to buy those little plaque's (costing 15?), the idea of deposit insurance being thoroughly obnoxious to them. Once the bankers had the plaques, however, the idea of having them taken away seemed even more obnoxious. Until last week none had been withdrawn. Then Chairman Leo T. Crowley of FDIC announced that North Bergen (N. J.) Trust Co. would...
...this sounded even more like boom times when Bergen Trust's Vice President F. H. Dieckman declared: "The whole thing resulted from the failure of the New York group of stockholders who control the institution to meet the demands of the FDIC. Local officers of the bank have attempted to handle its affairs conscientiously, but the power lies with the group of New York interests." The New Jersey Banking Commissioner chimed in that "certain alleged irregular practices" had been under "surveillance...