Word: bankes
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Dates: during 1930-1939
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...Step into my parlor and I will buy some of your preferred stock." So the RFC urged U. S. bankers last September. By last week over 4,500 banks had stepped into the RFC parlors. Only a few big banks had, like Manhattan's cautious First National, declined the invitation in toto. Most of the other big city banks at least put one foot into the parlor by selling the RFC a minority stock interest. But Chicago's Big Continental Illinois National Bank & Trust Co., trusting Jesse Jones's oft repeated promises that the RFC would...
some new faces and new ideas in Continental would be helpful and," Mr. Jones himself added, "the RFC is making no recommendations for changes in the official force of the bank. That will be the responsibility of Mr. Cummings and the directors...
...Cummings snapped up the invitation the same afternoon. His first job as a youngster was with the Illinois Trust & Savings Bank (whence the "Illinois" in ''Continental Illinois'') but since then he has been a traction man, a manufacturer, not a banker. Of his 25 directorships not one is on the board of a bank. One of them, however, is on the board of American Car & Foundry Co. of which William Woodin was head. That contact seemed to explain why Mr. Cummings was made president of Federal Deposit Insurance Corp. The RFC in its announcement listed among...
...stockholders of Chicago's First National who met last week to confirm the sale of $25,000,000 of preferred stock to the RFC (an amount precisely equal to their own holdings). His pledge: the RFC would not interfere in the choice of a chairman for their bank, a job that is also vacant. The First National stock- holders believed him, voted to sell the preferred stock...
...directors: Mr. Cummings; John Quincy Adams. Iowa land owner: Samuel Thomas Bledsoe, president of Santa Fe: Edward A. Cudahy Jr., packer: Reuben G. Danielson, the bank's cashier; Edward Landsberg. president U. S. Brewing Co.; Judson F. Stone, McCormick estates: Willoughby George Walling, president of the Personal Loan & Saving? Bank. Among those retired: George McClelland Reynolds. Charles W. Nash, Robert Wright Stewart. Dennis Francis Kelly, George Fulmer Getz. Frederick Tudor Haskell...