Word: bankes
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Dates: during 1930-1939
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...development which has raised gooseflesh on the sensitive epidermis of these moguls is the news that the government will subpoena forty bank presidents so that they may shed some verbal illumination on their financial practices. An added horror was lent to the announcement, when the financiers beheld their fellow martyr, Mr. Harvey L. Carke, most unwillingly damning himself by his own testimony, and when they shudderingly recollected the amazing confessions dragged from Mr. Wiggin and Mr. Morgan on the same stand. While Mr. Clarke could not compare with Mr. Wiggin in the variety and scale of his operations he nevertheless...
...offered bonds redeemable in gold and the government repudiated this offer. This has not been forgiven, but investors have been disposed to regard it as an act of Congress rather than of an executive department and dictated by the emergency arising out of the impounding of gold during the bank holiday. A second instance of turnabout face is not so easy to defend. The withdrawal of Mr. Acheson serves to emphasize the perplexities that confront his successor. In fact the Treasury of the United States will have to get some help from President Roosevelt by way of assurances and pledges...
...look charming with that eyebrow up; but do be more tactful, regardless of whether you've heard of it or not. But it has about 16,000 people living in it--the town, I mean. Daddy's quite a respectable citizen, 'n we don't live on the river bank...
...America and passed resolutions recommending that embarrassed municipalities be allowed to compromise with the majority of their creditors, urging that the stringent liabilities placed on sellers by the Securities Act be relaxed. Said I. B. A.'s retiring president, Frank M. Gordon (Chicago's First National Bank): "Personally I do not believe that anyone ever intended to pass a law which makes a country dealer who handles $10,000 of a $10,000,000 issue liable for the entire amount...
...Cambridge, Mass, bank engaged in a minor financial transaction with a man named Sprague, inquired of Mr. Sprague's regular bankers if his credit was good, got the following reply: "Mr. Oliver Mitchell Wentworth Sprague has been our client for many years and has always had our confidence in his credit and integrity. Mr. Sprague holds the Edmund Cogswell Converse Professorship of Banking & Finance at Harvard and has served as professor of Economics at the Imperial University in Tokyo. In 1930 he went to London where for two years he was financial adviser to the Bank of England...