Word: bankes
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Dates: during 1930-1939
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...Philadelphia, the guardians of honest money assembled to do their annual duty. The testers were mostly deserving Democrats appointed by the President: Judge John H. Druffel of the Court of Common Pleas at Cincinnati, Mayor James H. Hurley of Willimantic, Conn., Mrs. Katharine Elkus White, Democratic leader of Red Bank, N. J., Novelist Owen Johnson of Stockbridge, Mass., a realtor from Manhattan, a club woman from Baltimore, an insurance man from Jersey City, etc., etc. Also present as ex-officio testers were the Federal Judge of the Eastern District of Pennsylvania, Oliver B. Dickinson (one of 25 Federal Judge...
...mustached Premier General Senjuro Hayashi who had whittled down the customary 13 Cabinet officers to eight, pocketing the portfolios of Foreign Affairs and Education for himself. Premier Hayashi, moreover, had given every vital Cabinet job to a general or admiral, except that President Toyotaro Yuki of the Industrial Bank of Japan received the thankless post of Finance Minister, must somehow find the billions which Japan's fighting services demand...
...gesture of appeasement to Tokyo capitalists, Premier General Hayashi named Managing Director Seihin Ikeda of Mitsui & Co. to be president of the Bank of Japan. This was as if President Roosevelt should suddenly appoint a Morgan Partner to be Governor of the Federal Reserve Board. As would have been the case in Wall Street, financial Tokyo was ''immensely relieved." Next followed a hammer blow. When Premier Hayashi first received imperial orders to form a Government, the "gold-braiders" clamored for Lieut. General Gen Sugiyama, an out-and-out militarist, to be War Minister. Premier Hayashi, however, with...
When Leonard Asbury Busby, Chicago lawyer and tractionman, died in 1930, he left an estate of $1,635,000 and debts to banks and brokerage houses of nearly $1,000,000. Named executor was the trust affiliate of Chicago's big First National Bank, of which his good friend the late Melvin Alvah ("Mel") Traylor was president. Busby's will set up a trust for his widow and two children, gave the executor full power to sell any property "upon such terms as ... may seem desirable." President Traylor, who assumed direct supervision of the estate, was thus supposedly...
Final accounting of the estate in September 1932 revealed that none of the legacies and only a few claims had been paid. Furthermore, the estate was hope lessly insolvent. Widow Esther C. B. Busby filed objections to the accounting, sought removal of the bank as executor and payment to her of surcharges equal to losses sustained during the bank's stewardship. She lost her suit after hearing her friend "Mel" Traylor admit he had made a bad guess by not liquidating the estate to get it out of a dangerous speculative position in a falling market (TIME...