Word: bankes
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Dates: during 1930-1939
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Total casualties for the six months were down from 126 to 110. Gun play had taken the lives of three bank employees, two spectators, eight peace officers, 24 bandits. Scores had been wounded. Banks had lost a total of $1,257,700 by armed violence. Most of the robberies were in small towns. The ABA committee recommended modern protective devices, deplored the $20,000,000 annual bill which U.S. banks pay for various kinds of crookery insurance, urged support of the Ashurst bill to control the domestic arms traffic and penalize robbers who make attacks on Federal Reserve members...
When Charles II was King of England, the goldsmiths of London were his bankers. To him they lent well but not wisely and were ruined when he decided not to pay his debts. So when William III needed money in 1694 the Bank of England was created, the bank lending him ?1,200,000 in return for the right to issue banknotes and conduct a general banking business. The South Sea Bubble nearly ruined them in 1720. The early success of the Young Pretender (Charles Edward Stuart, grandson of James II) started a run in 1745. Napoleon's wars...
...almost two and a half centuries much has happened to the price of Bank of England stock. Last week, as sprightly Montagu Collet Norman began his 15th term as Governor, it was revealed that the most exciting thing of all happened only last March. At a semi-annual meeting of the court (board) of directors, one E. T. Hargraves announced that after diligent research he had discovered that on March 6 the price of Bank of England stock was the highest in 240 years: 387% of face value,† Highest price prior to that was 367% in 1898; lowest...
...pleased: they are understood to be the biggest stockholders. Twenty-four in number, each is required to hold at least ?2,000 of stock, while the Governor must hold at least ?4,000, the deputy governor ?3,000. How much more they actually hold is a secret. A central bank of issue, Bank of England is owned by private individuals, operates independently of the state. Only holders of ?500 or more are entitled to vote...
...Bank of England stock is not traded in shares but in principle amount like bonds...