Word: bankes
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Dates: during 1930-1939
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...with 75-ft. sail area, manageable by a girl, thrilling enough for a man, inexpensive (150-$250). light enough (125 Ib.) to be disassembled and hauled about by auto. While not so fast as such legendary performances as Kittie's 1¼ miles at 107 m.p.h. at Red Bank in 1885 or Haze's reputed two miles on the Hudson at 120 m.p.h., a skeeter, like any well-designed ice boat, can attain a speed almost twice the velocity of the wind it is sailed...
...Paris last week, against a backdrop of grenadine velvet, the Bank of France staged its first meeting since Premier Blum enfranchised the Bank's 40,000 hitherto voteless stockholders. Sole control previously rested in the potent hands of the 200 largest shareholders-"the 200 Families of France" (TIME, May 18, et seq.). With a turn-out of no less than 1,300 excited Parisian and provincial shareholders, the meeting was as raucous as a stormy session of the Chamber of Deputies. It took Governor Emile Labeyrie three hours to get through his scholarly 90-minute report, so often...
Meantime in Wall Street the franc's turn for the worse intensified the current jitters over the outlook for U. S. money rates. Another boost in bank reserve requirements to sop up potential credit had been expected for months. That the move would mean a reversal in the long downward trend of interest rates was by no means a remote possibility, and bond prices accordingly tumbled...
Moreover, in Washington there were going on an astonishing number of mysterious money meetings. The heads of the twelve Federal Reserve Banks were in conference, the Federal Reserve's open market committee was closeted all one day, the Reserve Board itself was in frequent session. At the Treasury, Secretary Morgenthau was meeting with such oddly assorted people as State Department experts, President George L. Harrison of the New York Federal Reserve Bank and old Oliver Mitchell Wentworth Sprague, the onetime Treasury adviser who quit the New Deal in a huff...
Then he got a job as bank clerk in Paris...