Word: bankes
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Dates: during 1930-1939
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...haired daughter May, also a Metropolitan chorus girl, in a Riverside Drive penthouse full of souvenirs, curios and whatnots. On its terrace she raises lettuce, tomatoes, weeds which she does not like to destroy because she thinks them pretty. In Maman Savage's parlor is a nickel-&-dime bank for contributions to the Ellin Prince Speyer hospital for ani-mals-in memory of her cat, buried in Hartsdale Cemetery beneath a tombstone marked "Our Minikin." Stately and white- haired, Maman Savage wears sombre silks, heavy ornaments, a gold-rimmed pince-nez. But she is as keen-eyed and lively...
Last week the New Deal was to be seen standing with Carter Glass instead of Carter Glass against the New Deal. This remarkable conjunction occurred on an omnibus banking bill which the Virginian and a Senate Banking & Currency sub-committee spent more than two months working over. When the measure was unanimously reported to the Senate last week, all hands agreed that a neat job of compromise had been executed on the ticklish issue of centralizing the U. S. Banking System under White House (i. e. political) control. The Senate bill will centralize bank credit but not under direct political...
...much too busy to heed Governor Eccles' plaintive pleas for moral support. All Mr. Eccles knew was that something drastic was happening to his bill. Indeed, the subcommittee was so secretive that banker-baiting newspapers suspected skulduggery. When it was discovered that Chairman Winthrop Aldrich of Chase National Bank had been in touch with Messrs. Glass and Townsend on the telephone, the Senators were loudly accused of selling out to Wall Street...
Governor Eccles wanted to give the Board power to alter at will and in any degree the reserves that member banks must by law maintain, so that it might apply brakes to any runaway credit inflation. The Glass Bill limits the possible upping of reserve requirements to double the present ratios. The Eccles draft would have made any & all bank assets, short-or longterm, liquid or frozen, eligible for rediscount. The Glass Bill provides for special Reserve Bank advances on ineligible paper in emergencies only. And thus throughout Title II Governor Eccles and Senator Glass both achieved their original aims...
Horrifying to most conservative bankers was a proposal to ease the rules governing national bank investments in real estate mortgages. As everyone now knows. "frozen" real estate was one of the principal causes of the Depression banking debacle. And despite the strenuous opposition of Senators Glass & Adams, the original mortgage plan, slightly modified, is still in the Banking Bill...