Word: bankes
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Dates: during 1930-1939
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Specifically old Governor Moret was dropped last week because he rejected a proposal by Premier Flandin to give business a shot in the arm. The proposal let the Bank of France announce that it will re-discount short-term Treasury bonds, issuing new currency or opening deposit accounts against the paper received. Since this operation in effect reduces the gold cover behind French money (now 80,1390 it tends to be inflationary. To M. Flandin's proposal M. Moret had but one answer, a quiet "mais non." Last week there was every indication that M. Tannery will...
Neither Premier Flandin nor Finance Minister Louis Germain-Martin and least of all new Governor Tannery of the Bank of France would admit for one moment that they are "doing a Roosevelt" or anything, remotely like it. For the present
...kerosene-lit apartment, as ex-Governor Moret packed up to leave last week, he found a crinkled prediction penned to him in high excitement four years ago by fox-bearded Montagu Collet Norman who is now in his 15th year as Governor of the Bank of England. "Unless drastic measures are taken to save it, the capitalist system throughout the civilized world will be wrecked within a year," wrote Governor Norman to Governor Moret in 1931. "I should like this prediction to be filed for future reference...
Though the clerk made good and became perhaps the greatest self-made Governor of the Bank of France in its long history, Mama Moret could never see why she or the children should cut a dash. With papa's salary raised to 500,000 francs a year the Moret moppets continued to go to ordinary Paris public schools. Mama Moret and Paris socialites are unaware of each other's existence. Today the National Tightwad is venerated for having saved a reputed 85%, of his salary while Governor of the Bank of France, salted it away in gold franc...
...began the year with a radically aerodynamic model and a brand new president, William J. McAneeny, onetime head of Hudson. Just before Hupp's Chairman Archie Moulton Andrews hired him, Mr. McAneeny gained Detroit's gratitude by securing waivers from the big depositors in defunct First National Bank, thus permitting a 100% payoff to all accounts of $300 or less. Most distinctive feature of the new Hupmobile is its headlights, which, while a part of the body, are carried in outline straight back into the cowl...