Word: bankes
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Dates: during 1930-1939
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...Coughlin-Lemke-O'Brien platform was a marvel of inclusive appeal to every crackpot and malcontent in the land. Briefly, it proposed to create a common-man's Utopia by legislative fiat. For Lemke-Coughlin inflationists there was to be a government central bank, with complete control of money and credit, which would issue new currency to retire all Government bonds, refinance all farm and home mortgages. For Townsendites, there was "assurance of reasonable and decent security for the aged." For Share-the-Wealthers, there was limitation of individual incomes and inheritances. For the benefit of anyone...
Taken across a field to a river bank, Preacher Williams was lashed 14 times with a mule's belly-strap. Miss Blagden's turn came next. The huskiest of the six swung the belly strap, laid four solid clouts on her back & thighs. Miss Blagden and Preacher Williams were then told never to come back to Crittenden County...
Until his "Baby Bonds" could be sold, M. Auriol turned for temporary succor to the Financial Oligarchy, obtained from the Regents of the Bank of France an overdraft of $10,000,000 on which to keep his Treasury going for the moment. Socialist Auriol said he will not take the franc off the gold standard, will not nationalize but only "reform" the Bank of France and will not fail to balance the Budget...
Very little of this was believed in fiscal Paris. Up went eyebrows as M. Auriol made provision for labor union and employer association delegates to sit ultimately in the councils of the Bank of France, threatened Frenchmen who have funds abroad with confiscation of equivalent funds unless the foreign deposit is reported to the Government, and implied that his "Baby Bonds" had better find quick buyers-or else. "We must conquer egotism and fear!" cried Vincent Auriol with something of Franklin Roosevelt's lilt. "Already I have in my hand a list of citizens who have evaded their duty...
...corporate trustee is usually the trust department of a bank. It is the trustee who holds the mortgage securing the bonds, who forecloses if the borrower de faults. As pointed out in the SEC report, "The trustee is the only agency avowedly designed for the protection of security holders during the entire life of the security." Commenting on his findings last week, young Commissioner Douglas declared: "By & large, the corporate trustee has been sitting idly by while bondholders have been exploited. . . . And when I speak of the corporate trustees, I am speaking about some of the leading banks...