Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...drained slowly from the savings of the French people, were loaned to Russia, secured by bonds that have long since been tossed on the rubbish heap. Most of the profit in the sixteen billion found its way back to Schneider-Creusot and is today in their factories and their bank accounts...
...never sets upon Vickers. It has its factories in Rumania where, for greater convenience, Sir Herbert Lawrence is a director of the Bank of Rumania (and Vickers to some degree allies itself with the Czechoslovakian armament firm of Skoda). In Italy it Latinizes its name to Societa Vickers-Terni; in Japan it has as a subsidiary the Japan Steel Works, and thus allies itself with the Japanese armament and industrial firm of Mitsui. There are Vickers factories or subsidiary companies in Spain, Canada, Ireland, Holland (The Hague offers an appropriate site for some of the Vickers operations), and New Zealand...
Vickers directors are men of wide affairs. Sir Herbert Lawrence, besides being a director of the Bank of Rumania, is also a director of the Sun Insurance Office, Ltd., with which Vickers-Armstrongs had a curious agreement that "if the profits (of Vickers) in any year during the five years ending December 31, 1932, do not amount to $900,000, then a contribution not exceeding $200,000 will be made in each year." Sir Otto Niemeyer, the infant phenomenon of British finance who first entered His Majesty's Treasury at the age of twenty-three, is another Vickers director...
...bond issues-$2,000,000 in 31% Liberty Loans, $50,000 in Bear Mountain-Hudson River Bridge$8. His real estate holdings were less than $800,000; his life insurance, $85,802. Among his securities the largest single item was 14,000 shares of Manhattan's First National Bank, which he headed for 54 years and which has earned big money more consistently than any other bank in the U. S. The Baker holdings were appraised at $2,900 per share (current price: $1,680), making a total of $40,000,000. Other share holdings: 75,000 New York...
Thanks to the Senate Banking & Currency Committee, public knowledge of private affairs has been broadened more in the past two years than in any similar period of U. S. history. Last week the Committee's catch-all investigation threw new light not only on the profits of brokers (see p. 66) but also on closed Cleveland banks. For the failure of $250,000,000 Union Trust Co. and $148,000,000 Guardian Trust Co. Ferdinand Pecora's staff blamed: 1) mismanagement; 2) a lax-Ohio Banking Department; 3) evasions of the spirit of the law. The investigators declared...