Word: bankes
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Dates: during 1930-1939
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...Appointed a director of the New York Federal Reserve Bank was Owen D. Young, who was dropped last December after 13 years' service when the Federal Reserve Board refused to reappoint men who had sat on Reserve directorates for more than six years. Mr. Young's return to Reserve service not only marked a reversal of a much-criticized policy: it also provided the Board with a suitable figure to act as chairman of the New York Reserve Bank. Last winter Reserve Board Chairman Marriner Eccles ap-Brothers and Floyd Bostwick Odium's Atlas Corp...
...countless cases Commissioner Douglas discovered that the bank-trustee was affiliated with the underwriting house which marketed the bonds; that the borrower was represented on the board of the bank-trustee; or that the bank-trustee was also a creditor whose claims conflicted with those of the bondholders. The report suggested that "if the prestige and good repute of our large commercial banks are to be maintained," they might have to divorce their corporate trust departments just as they had divorced their securities affiliates in the early days of the New Deal...
...those who like to draw spiderweb charts in support of the theory that U. S. industry is banker-dominated, a possible starting point might be No. 2 Wall Street, home of Manhattan's First National, the "Baker Bank." A list of the late, famed George Fisher Baker's directorships included a choice slice of U. S. industry. Since the old banker died in 1931 at the age of 91 the Baker seats have been filled by George Fisher Baker Jr., now 58. As tight-lipped as his father, Banker Baker has offered no explanation for his recent resignations...
...cartoon was less funny than the comments with which Dr. Abbot dressed up an astrophysical lecture in Rochester a few months ago. At that event learned Dr. Abbot, 64, told how a policeman once tried to arrest lanky Marine Biologist William Beebe for probing in a snow bank for a dead goldfish. He gave a whistling imitation of an Algerian shepherd boy whom he once heard while searching Algeria for a cloudless site for a solar observatory. He concluded with a baritone rendition of a sea ditty about "a ship that went for to sail with a whale...
...chief cause of the recent increase in Britain's income tax is the (1 huge new armament program, 2 lack of government income from tariffs due to the free trade policy, 3 depression in British industry, 4 failure of the Bank of England, 5 refusal of England to desert the gold standard...