Word: bankes
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Dates: during 1930-1939
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...Earle Bailie and Jesse Jones confer directly or by telephone to decide the RFC's gold buying price. Every morning at 9:45 that price written in ink upon a mimeographed sheet is handed to newshawks at the Treasury and wired simultaneously to the New York Federal Reserve Bank. Because of its effect on foreign exchange anyone who knew the price in advance would have the opportunity of making large profits. Last week the Treasury was sure that someone did know the price in advance. On one occasion the price was cabled to Manhattan from London eight minutes before...
...little more than an intensification of his perennial efforts to prevent foreign capitalists from playing a dominant role in Mexico and to bring the country's enterprise under Socialistic State control. Dismayed by this evidence of General Calles' fresh intent to press his program strongly, the Bank of Montreal (which once exercised almost a monopoly in large scale Mexican credit and exchange operations) was reported by Mexico City's authoritative El Universal last week about to follow the example of the Anglo South American Bank which recently closed its branches in Mexico...
...dusty yard crawls with lechery. Lov lusts for his runaway Pearl. Ellie May for Lov, the lady evangelist for young Dude, Jeeter for the evangelist. An external plot arrives in the person of a bank agent come to put Jeeter off the land. For the $100 annual rent required, Jeeter sends Son Dude off in his new car in an unsuccessful attempt to borrow the money from another son. The car runs over Mother Ada. As she dies, Jeeter nabs Pearl with a view to selling her back to her husband for the rent money. Slyly claiming a mother...
...price-raising, alternative, II Duce might infinitely prefer to slash at the defenceless proletariat in the usual fashion rather than tread so heavily on the toes of his fixed-income supporters. Even though wage-cutting, as R. G. Hawtrey has pointed out from his eyrie in the Bank of England may not prove sufficient to increase exports to any appreciable degree in a world of incredible tariff walls, and even though, as Cassandra Keynes has warned, wage-cutting may provoke bitter retaliation by other countries, still Il Duce does not care to risk offending the class which might at some...
Died. Richard Beatty Mellon, 75, financier, charitarian, president of Pittsburgh's Mellon National Bank, younger brother of Andrew William Mellon; of pneumonia; in Pittsburgh. Sons of canny old Thomas Mellon, young Richard and young Andrew took a lucrative flyer in lumber, skipped nimbly into their father's bank, which became Mellon National in 1902, today has resources of $236,000,000. They reached for oil, coal, aluminum, railroads, power, glass, made profits and plowed them back, built up an $8,000,000,000 empire. When Brother Andrew became Secretary of the Treasury, Richard took hold of both reins...