Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...powerful old morning Commercial Appeal aimed an Evening Appeal at the Press-Scimitar. Just before the Evening Appeal appeared, Editor & Publisher Charles Patrick Joseph Mooney suddenly died. Because Mr. Mooney had been a great & able editor, the Appeal papers languished without him. Promoters Luke Lea and Rogers ("We Bank on the South") Caldwell acquired the papers in 1927, milked them of cash, lost them to receivers when the Lea-Caldwell empire collapsed...
That is one way of rating John Milton ("100%") Nichols, president of Chicago's First National Bank of Englewood, and that was the way of one Lilian Cousins in a gushing article last year in the Carpentersville (Ill.) Fox Valley Mirror.* Another way appeared a few years ago in a banker- written letter to the American Banker: "Mr. Nichols isn't a banker and what he has in Englewood is not a bank. It is a cash register." Whatever John Milton Nichols may be, he has set something of a record for financial exhibitionism in the past three...
Year ago when the permanent plan went into effect, Banker Nichols grudgingly put the "Member Federal Deposit Insurance Corporation" legend on his bank statements as required by law. Under the legend he once wrote in appalling taste: "A thousand-and-more years before our Country's famous Hyde Park tenor made his premier appearance in front of the microphone, the principles underlying sound banking existed. They will always exist-not even the melodious croonings of an embittered and frustrated President can change them...
Last week "100%" Nichols made what looked like his last possible grandstand play short of shutting down completely. Down to the Chicago Federal Reserve Bank he marched, drew out some $2,500,000 in cash and Government bonds, leaving only the $639,700 legally required as backing for his $5,806,463 deposits. Then he stuffed the $2,500,000 into safety deposit boxes in two Loop banks. Blustered he: "Now the politician will have to think up a new idea before he can get his hands on this money." Reason Banker Nichols can do anything he likes...
...Eugene L. Vidal, his assistant Col. J. Carroll Cone, Commander Charles E. Rosendahl, U. S. N., Pan American Airways' Juan Trippe, Admiral William H. Standley, No. 1 U. S. sailor, and those two inveterate tourists, young Nelson Rockefeller and his uncle, Board Chairman Winthrop Aldrich of Chase National Bank...