Word: bankes
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Dates: during 1930-1939
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Chicagoans going to work in the La Salle Street financial district gaped in astonishment at a huge electric sign announcing "Schlitz Buffet" clamped to the façade of the vacated quarters of Central Trust Co., part of Charles Gates Dawes's Central Republic Bank & Trust Co., now being liquidated. The main banking room, decorated with murals illustrating Chicago's history, was equipped with serving counters, tables, a long bar. The grilled iron door which once led to Banker Dawes's office now opens into a lounge...
...shocked stockholder of a Manhattan bank, after listening to the report made to him by the chairman of his board, got to his feet in annual meeting last week and demanded to know what could have impelled a bank to take its stockholders so completely into its confidence. The bank was the 134-year-old Bank of the Manhattan Co. The chairman of its board, John Stewart Baker, great grandson of one of the bank's founders, suavely answered: "The spirit of the times...
...Stewart Baker, who like his father Stephen became president of the bank at the early age of 34, has kept his venerable institution abreast of the times. In the boom days of 1929 the Bank of the Manhattan Co. surrounded itself with affiliates (International Acceptance Bank, New York Title & Mortgage Co., International Manhattan Co. etc.) and started acquisition of a group of banks (County Trust Co. of White Plains, the Corning Trust). Two years ago it turned with the tide, made International Manhattan Co. give up dealing in securities. A year ago it divorced New York Title & Mortgage...
...modernistic bank report with which J. Stewart Baker last week startled his stockholders gave the following information...
...bank's directors had met weekly. Three of them had made a special audit of the bank's affairs and their report was on the table for any stockholder to look...