Word: bankes
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Dates: during 1930-1939
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With these words a Federal judge in Pittsburgh last week addressed five laborers, two clerks, two farmers, two engineers, two mechanics, a bank clerk, a writer, a lumber dealer, a carpenter, a plumber and a banker. He was instructing them in their duties as grand jurors...
Interest on bank deposits, bonds...
...Leas from Nashville, Tenn., where they had once been rich and powerful and where Luke Sr. fancied himself as "a maker of Governors," across the State avoiding Knoxville, where they had once owned the Journal, up the Smoky Mountains to Asheville, N. C., where they had defrauded defunct Central Bank & Trust Co. of $1,300,000, and down the other side to Raleigh and to prison...
...home he got into the newspaper and general promotion business. He became Banker Rogers Caldwell's political right arm and arranged to have Luke Jr., at the age of 18, legally come into his majority and take his place in his father's enterprises. Caldwell & Co. ("We Bank On The South") crashed four years ago (TIME, Nov. 24, 1930). Banker Caldwell managed to escape from the tangled financial wreckage but the Leas did not fare so well. Charges against them were filed in Nashville, Knoxville, Asheville. The Asheville charge took. For borrowing $825,000 on worthless collateral from...
...currency manipulation: it destroys credit, does not raise the right prices. Wrong is silver monetization: it will not help anyone but the silver miners. Wrong is economic nationalism: it would take 50,000,000 acres of farm land out of cultivation. Wrong are the Securities Act and RFC bank control: even worse than a banking system run by privateers is a banking system run by politicians. Wrong is the Gold Reserve Act: it weakens the Federal Reserve System, sets up nothing in its place. Wrong is the effort to raise prices to the 1926 level: it is not the height...