Word: bankes
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Dates: during 1930-1939
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...fishermen had been forced to contribute. When the Senate gave him a clean bill, the Tribune unearthed fresh evidence. In July 1912 the Senate voted to unseat Boss Lorimer. Complete collapse of the Lorimer prestige came in 1914 when he was tried on mismanagement charges growing out of a bank chain he had formed after leaving Washington. Having watched his most famed pupil, William Hale ("Big Bill") Thompson, climb to power and fall with Tribune help, he retired into the lumber business...
...Deal have become almost a routine of the business day. But only one banker has made himself notable for his self-dedication to the job of serious argument: James Paul ("Jimmy") Warburg, 38, author, smart son of a smart father, librettist husband of a tuneful wife, vice chairman of Bank of the Manhattan Co. Last week in Buffalo, Jimmy War burg concluded, with these words, the ablest of his many speeches...
...impressed with this suggestion was Secretary Morgenthau that he promptly ordered Mr. Law's speech released to the Press. President Roosevelt, too, seemed impressed. At Hyde Park he told newshawks of two cases within his personal knowledge which seemed to justify the criticism against bank examinations...
...Chairman Jesse Jones finally admitted that banks were doing their part in lending to business. Secretary of the Treasury Morgenthau sent a platoon of professors into the Chicago Federal Reserve district to find out who was holding up credit expansion. But not until last week did it occur to anyone in Washington to look for the Administration's pet banking villain right inside the Treasury. At a Washington conference of national bank examiners President Francis Marion Law of the American Bankers Association politely suggested that perhaps the periodic examinations were so strict that bankers feared to do anything except...
...small clothing dealer who wanted to enlarge his store. Having secured two endorsers, one worth $500,000 and the other a lawyer with an annual income of nearly $100,000, the clothier obtained an $800 loan from his bank. Nevertheless, the federal examiners ordered the bank to write off the loan because the principal had not been reduced in more than a year...