Word: bankes
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Dates: during 1930-1939
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Tasting a bit of well-earned leisure in the Lowe's State loges last Saturday night, we had a brain-storm that carried across a couple of centuries, from the elite sectors of Manhattan to the 18th Century hot spots along the Left Bank. Greta Garbo, "La Dame aux Camelias", simplified for the American people into just plain "Camille...
...never did know a thing about flowers. Occasionally we've had to send them to girls, and then they've impressed our bank book a good deal. Yet even the Pierre Roof and somebody's debutante daughter tastefully decorated in silver smilax, silver fox, and perhaps a corsage of spinach have left us cold as we eyed down the page, up of the night's festivities. Botany didn't mean much then...
Last week, on the day before the court's decision was to be handed down, ruddy-faced Royal Freeman Hunger, financial editor of the Chicago News, gave his version of what has become a cause celebre in Chicago trust circles. Wrote he: "The [First National] bank gave his [Mr. Busby's] affairs close consideration. . . . The stocks . . . are still held today. Those dumb securities, a little pile of stock certificates with gilt edges, have reached out of the obscurity of the vaults to vindicate Traylor and cover the trust department of the bank with laurels...
Assembled in Basle last week for the monthly board meeting of the Bank for International Settlements ("The World Bank"), bankers of Europe spent a large part of their expensive time sputtering about those incomprehensible Americans. It seemed that in trying to uphold its leg of the three-way gold accord with Britain and France, the U. S. was making the game of international finance entirely too complicated. One banker, related the New York Times, told a story about the governor of a small European central bank "who had come to the World Bank in despair, declaring the American instructions regarding...
...Francisco losses. Each director was asked to subscribe to stock in the new corporation in a ratio of twice the amount of the par value of his former holdings. All but one agreed. Mr. Levison made their subscription notes security for a $250,000 loan from the Crocker-Woolworth Bank. To policyholders he offered 50% in cash and 50% in stock of the new company. On every stockholder he levied a $300 assessment. Mr. Levison's plan worked. Fourteen months after the fire, Fireman's Fund Insurance Co. had assets of $5,345,000, cash capital...