Word: bankes
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Dates: during 1930-1939
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California aircraft companies readied 70 bombing planes for England and France. Telephone service to Europe was temporarily cut off; only calls to the Bank of England went over the cable to London, only official and banking calls to Paris...
...When Lepke Buchalter fled to the G-Men, he was No. 4 on their list of public-enemies-at-large. Ahead of and just below him were four bank robbers. Last week G-Men in Chicago caught his successor in No. 4 position: Joseph Paul Cretzer, a mustached punkaroo who has been popping in & out of western jails since 1927. Arrested with him in a dreary Chicago flat was his wife, Edna May ("Teddy") Cretzer, who pinked a police-man during a getaway last June...
...protect its staff, London's Bank of England last winter built an underground air raid shelter. Last fortnight, bank members in charge of Air Raid Precautions sent an elaborate health questionnaire to all employes to find out if they could withstand prolonged imprisonment in the narrow, crowded shelter. Among the questions: "Do you suffer from claustrophobia...
This time the chief guardian of U. S. markets was George L. Harrison, president of the Federal Reserve Bank of New York. To aid him he had a crisis committee of nine, and after a fashion history repeated itself: as a member of the committee (as a representative of investment bankers) sat J. P. Morgan's son, slickhaired, tightlipped, amiable Henry Sturgis Morgan (aged 38) of Morgan Stanley...
...Federal Reserve announced that it would lend on Governments at par, not only to member banks but to any U. S. bank, at the member bank rate (1% in New York, 1% elsewhere). Meantime, the Federal Reserve bought Governments on the New York Stock Exchange. It did such a rushing business that the Exchange allowed trading in Governments to continue 25 minutes after closing time. For that day at least the bulk of trading in Governments returned from the over-the-counter market to the Exchange. Sales jumped in one day from...