Word: bankes
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Dates: during 1930-1939
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...once start pouring out dollar bills, and some morning John Citizen would suddenly realize he did not trust the dollar. When citizens of any country lose faith in money, there follows a rush to change currency into commodities-just such a panic as there was last March to change bank deposits into currency. Banks can be closed to conserve deposits, but there is no known control for paper panic. Prices soar beyond reason and the higher they go the more eager are people to spend before prices go still higher. Currency swiftly becomes a figment of a paper imagination. Owners...
...their Hellespont, Moses his Red Sea, and Caesar his Rhine and Rubicon, but none of them showed the ingenuity of the local engineers confronted by King Charles. They could solve their traffic problems and divert traffic from Harvard Square by extending Memorial Drive along the Charles's left bank, but that was too easy. They might well have thrown a bridge across the stream from Gerry's Landing, but that, ah, that was too hard. The bridgebuilders had hydrophobia, a condition unusual in bridgebuilders, and calling for unusual measures. Eureka, they would build the bridge on dry land...
...speculation was undramatic, his sufficient works dealt with the dead past, his lectures with innocuous anecdotes and data. He became, in the course of time, a stock-holder in the Harvard Cooperative Society, and an Associate of Lowell House; he acquired the grey hair and the mien of a Bank President. He fitted; he fits; he will...
Like ''blocked marks," the new scrip is a scheme to stimulate German business at the expense of creditors of the Fatherland willing to take a loss. To get on the Gold Discount Bank's "preferred" list a German exporter will theoretically have to show that he can meet "cutthroat foreign competition" only by receiving the scrip subsidy...
...quarterly statement of condition issued by First National Bank of Englewood (Chicago) revealed that its head, John M. Nichols, had made his bank 100% liquid. To criticism that First National of Englewood has been hoarding money instead of functioning as a bank, Mr. Nichols replied: "If I were to put any of our 17,000 depositors behind my desk to pass on the type of security borrowers offer these days they wouldn't make the loans. Then why should I? I haven't been making much money lately, but I've been playing a lot of golf...