Word: bankes
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Dates: during 1930-1939
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...Southern Railroad. The main street, two ribbons of concrete with newly planted evergreens growing between them, led off at right angles from the track. Fronting on its brief course were the low brick facades of the drug store with its awning, the post office with its green shades, the bank with its blank windows, the general store with its metal canopy, the grocery stores, the filling stations. But in one respect this small town was different: the tourists asleep in the rooms over the drug store and post office, after getting up and waiting their turn at the bathroom-down...
Overjoyed Harvard students are in the position of Adam and Eve when the bank foreclosed on Eden, because, even if the two-week vacation is rain from heaven, it seems to be given for this year only. But, being accustomed to such a paradise of leisure, Harvard men will not permit it to be taken away again. The University has taken a step in the right direction; its next must be to make a generous Christmas vacation a permanent part of the schedule...
...Governor concluded: "The System has no authority whatsoever to curb buying of securities. . . . Its only authority in this matter is over margin requirements, which apply only when transactions are on credit. . . . There is no speculative use of bank credit in the present situation...
...road's bankers accepted one of his proposals. In addition to its RFC debt New York Central owes its bankers $65,000,000, payable on demand. New York Central notes held by Mr. Jones's RFC are due on fixed dates, hence are technically inferior to the bank loans. Mr. Jones wanted equality. One way to obtain it, suggested Mr. Jones, was to fund the road's short-term bank and Government debt with a big bond issue, the RFC subscribing one half, the bankers the other half...
Nothing was said about the bond issue in the memoranda which Mr. Jones released last week. But New York Central's remaining RFC debt of $11,900,000 was extended to 1941. RFC will receive the same interest as the banks (currently 4%), and while the bank loans are still on a demand basis, the RFC loans become payable if New York Central ever defaults. Furthermore, Mr. Vanderbilt tried to patch up his spat with the RFChairman by writing: "Please accept our sincere thanks for the co-operative spirit which you have evinced in reaching a final and permanent...