Word: bankes
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Dates: during 1930-1939
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Sally modestly admitted that she was very successful in the years immediately preceding the depression, but that the bank in which she kept her money was the first to fail. She found herself in Chicago, a very hungry actress...
...suit last week was brought not by a bank but by one Frances Garfunkel, a stockholder in Manufacturers Trust Co. Miss Garfunkel hopes to enjoin the bank from paying some $375,000 in FDIC assessments. Pointing out that the suit involved no reflection on his management, President Harvey Dow Gibson declared: "Manufacturers Trust Co. is quite willing to have this question of legality authoritatively decided but meantime it will scrupulously comply with...
...Other banking news of the week: ¶ In Hartford, hotbed of rugged individualism, big Hartford-Connecticut Trust withdrew from FDIC because "the protection afforded our own depositors by the strong liquid position of this bank would not be strengthened by membership. . . ." Several other State-chartered Connecticut banks will shortly follow suit...
...Wing's Fort" is a Boston nickname for the bulging limestone edifice of First National Bank. Inside, the building has more the air of a cathedral. Although descended from Puritan stock, Board Chairman Daniel Gould Wing is no Bostonian. He got his start as a messenger boy in Lincoln, Neb. Arriving in Boston as a bank examiner in 1899, he stayed to become president of the Massachusetts National Bank. When that bank merged with First National, he became president, later board chairman. Last week, at 67, Mr. Wing retired because of poor health. Bernard Walton Trafford, vice chairman, stepped...
...Financial Advertisers Association fairly oozed Faith, Confidence & Recovery. President Leslie G. McDouall of the New Jersey Bankers Association keynoted: "I am satisfied that the opportunities are just as great today as they were in the so-called boom period." From President Frank F. Brooks of Pittsburgh's First National Bank popped a curious suggestion for the "most gigantic advertising campaign America ever saw, regardless of expense, to promote economic literacy. . . . a campaign that will draw the sharp line between right and wrong economics...