Word: bankes
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Dates: during 1930-1939
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...writer in his spare time (From Nudity to Raiment), Hiler was also a great cafe sitter with Ezra Pound, Ernest Hemingway, Man Ray. He knew the Left Bank like the bottom of his glass. In 1934, when the dollar fell so low that a whiskey neat cost 72? in Paris, Hiler announced, "The position is untenable," and started home...
Despite this heavy drain, the price of sterling remained steady-which was not surprising since England has lately taken far-reaching steps to bolster her money. First such step came three weeks ago when the British Government transferred at one fell swoop ?350,000,000 in gold from the Bank of England to the British Exchange Equalisation Fund, whose purpose is to control the price of sterling in the world's markets. This left the Bank of England in the weakest position in seven years, with gold holdings of ?223,000,000. At the old parity price...
Fortnight ago the Bank of England asked London commercial banks to put the brakes on the flow of English gold to the U. S. by not facilitating speculations in U. S. securities. Last week this caused substantial British liquidation of U. S. stocks...
...Federal Reserve Board reported that industrial production was about at December's level, although a rise in January would be normal. The fact that public spending as indicated by bank debits showed a marked downtrend, posed the possibility that consumption might not support even the present rate of production. Balance of expert opinion, however, continued last week to term this industrial hesitation a "pause that refreshes" rather than a "lull before the storm...
...fine thing it is to have a patient wife, four bright-eyed children and $26,000 worth of stock in the bank. But rare is the man who has attained that state on a salary of only $43 a week. One such is kindly-faced, near-sighted Gus Anderson, who charges batteries for the electric trucks of Pilgrim Laundry, Inc. of Brooklyn, N. Y. Gus began his work 25 years ago for $25 a week and today, in his overalls and heavy shoes, he looks as though he didn't have a spare dime. But he is typical...