Word: bankes
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Dates: during 1930-1939
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...your issue of Jan. 28 the article on Percy Johnston and Frank Houston of the Chemical Bank & Trust Co. quotes Mr. Houston as follows: "You can't be a good golfer and a good banker at the same time...
...Houston has apparently overlooked the fact that there are exceptions to all rules. Mr. Orval W. Adams, executive vice president of the Utah State National Bank of Salt Lake City, Utah is a very good golfer. He plays the canyon course of the Salt Lake Country Club around par and has had a handicap of as low as seven. As to his ability as a banker ... he needs no handicap. His bank has paid dividends all through the five years of depression and in 1934 paid an extra dividend and also gave all employes a bonus...
...concerned not only the parentage of the Federal Reserve Act but the question of the very existence of the System it created. For last week President Roosevelt dispatched to his legislative leaders a 20,000-word bill which in one form or another is almost sure to be the Banking Act of 1935. Most significant banking measure since the Federal Reserve Act of 1913, the bill was so technical that no one except a banking expert could hope to understand it in detail. Nevertheless, its objective was crystal clear-unchallenged Federal control of the nation's currency and credit...
...same problem now comes to the fore with the question of a central bank. How shall we safeguard the Integrity of our central board? How can we Insure that they will have sufficient intestinal fortitude to withstand the criticism and abuse which will be hurled at them for putting on the "brakes" "when business is booming," to borrow again from the lips of Lippmann? As he himself, indicates, the problem cannot be solved simply by insuring the members of the central board an adequate salary. The writer of Today and the sage of Tomorrow observes that in large part this...
...refusal of Mr. Mellon to countenance the raising of the rediscount rates in 1928 and 1929. And yet if he had followed Mr. Warburg's advice, we can readily imagine the storm of abuse which would have poured in upon him. Indeed, the great political problem of the central bank board will be to find men who will serve for the sake of a moral reward fearlessly when men shall revile them and persecute them, and say all manner of evil against them; to find men who will, like our mothers, beat us because they love...