Word: bankes
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Dates: during 1930-1939
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Arrested on a charge of misprision of felony last fortnight was Vermont's Governor Charles Manley Smith. His dereliction was failing to report a bookkeeper's embezzlement of $250,000 from Rutland's Marble Savings Bank, of which he is president (TIME, Dec. 14). Last week another state executive found himself in far hotter water than Governor Smith when the U. S. Comptroller of the Currency found the accounts of Centerville, S. Dak.'s First National Bank short $170,000, closed it. Promptly arrested on a Federal warrant charging embezzlement and misapplication of funds...
...York City's rogues' gallery Trooper Turnbull identified his abductors as midwestern bank robbers named Harry Brunette and Merle Vandenbush. Because they had carried him across State lines, breaking the "Lindbergh Law," the Federal Bureau of Investigation was notified...
...were exposed in Federal Court not for evil but for folly. In Judge William Bondy's courtroom, Michael ("Mike") Pecoraro, 39, a confessed swindler with at least 19 aliases, received an 18-month penitentiary sentence for having obtained $15,563 in 19 different loans from the National City Bank and Manufacturers Trust Company on 19 pieces of real estate...
...Leon Fraser's Dutch successor as president of the Bank for International Settlements, Leonardus Jacobus Anthonius Trip, 60, last week informed the World Bank's directors he would resign at the end of the fiscal year. Nominated for his job was another Dutchman, J. W. A. Beyen, vice president...
...Promoted from the vice presidency to presidency of New York Life Insurance Co. (assets: $2,243,587,000) was Alfred Lawrence Aiken, 66, succeeding popular Thomas Aylette Buckner, 71. A graduate of Yale (1891), Mr. Aiken worked for New York Life for five years before taking a bank job in Boston in 1899. During the War, he was governor of the Boston Federal Reserve Bank, in 1917 resumed his connection with New York Life as a director. In 1924 he left Boston and banking to become a New York Life executive...