Word: bankes
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Dates: during 1930-1939
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Died. Frederick Craufurd Goodenough, 68, chairman of Britain's Barclays Bank, Ltd., onetime chairman of the London Bankers Clearing House; following a long illness; in London...
...Truscon's President Julius Kahn and his directors were severely criticized last year when the listing of additional Truscon stock on the New York Stock Exchange revealed a new wrinkle in corporate financing. Pressed for funds to meet a bank loan, the company sold 65,000 shares of stock it did not own, partly in the open market, partly by option. The stock was borrowed from President Kahn and other big shareholders. After the stock was sold, the company issued new stock to Mr. Kahn & friends. What Truscon did, in effect, was to sell short, but instead of buying back...
...probing professors will attempt to answer such questions as: 1) Are responsible businessmen unable to borrow from their banks? 2) Have they been refused because their credit standing has been impaired by Depression? 3) Are banks refusing loans because of a desire to stay liquid, or are the State and Federal examiners too strict? 4) Are businessmen liquidating bank loans with funds obtained from Federal agencies...
...through the story M'Kato waits on the river bank, concentrating on his plan of revenge in accordance with the instructions of the witch doctor. Years before his hands had been cut off for striking a white man who was ravishing his sister. Impersonal, implacable, patient, he waits the consummation of justice, knowing his thought will eventually bring his enemy within range of his assagai which he has learned to hurl with his feet. He has his revenge...
...Arrow was purchased by Studebaker in 1928, but after the Studebaker receivership last year, Pierce-Arrow was sent back to her old Buffalo friends. Last week Pierce-Arrow was in court again, this time petitioning for permission to reorganize under the new Bankruptcy Act. It has little cash, large bank loans. Its sales have dropped from 8,000 annually to 1,900. But Pierce-Arrow could still be the most aristocratic lady in any harem...