Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Stinger in the Triple Bromide"-Economist John Maynard Keynes, who, as a member of the Economic Advisory Council and secretary of the Royal Economic Society, frequently stimulates the thinking of Britain's financial triumvirate: Chancellor of the Exchequer Sir John Simon, Governor Montagu Norman of the Bank of England, and Lord Stamp, the Bank's most celebrated director...
...inflation for those who do not enjoy its upward effect on wages and speculative profits, Mr. Keynes proposed a double levy on all incomes, one part to consist of tax, the other of low-interest (2½%) loan to the Government, to be deposited at the Post Office Savings Bank and redeemed only after hostilities cease (except for personal dire emergency). On small incomes, the tax levy would be low, the loan levy high. Example: on ?500 of income, a total of ?105 (21%) might be levied, ?77½ to be loan credit...
Amsterdam became an international banking centre challenging in importance the City of London and the Paris Bourse. It houses such famous institutions as the Amsterdamsche Bank n. v., the Nederlandsche Handel-Maatschappy n. v., Mendelssohn & Co. (now defunct), whose proprietors will turn a guilder almost anywhere they can find one. They are still sorry that Spain's Dictator Franco turned down their offer to bank him last spring. After Adolf Hitler came to power, Amsterdam became a concentration camp for refugee money. The city's grain market is one of the biggest in Europe; its stock-market...
...first publicly noted in 1933. Then Chicago's biggest bank, the Continental Illinois, which had taken a bad licking in Willys Overland, and on Insull securities, was the first big time U. S. bank to step up and take advantage of Jesse Jones's offer to buy preferred bank stock with RFC funds. To get new capital Continental sold him $50,000,000 worth...
...common stock from $75,000,000 to $25,000,000 (thus keeping the total capitalization unchanged); 2) that Continental would buy back its preferred from RFC at least $250,000 every six months; 3) that until the preferred was retired RFC should have voting control of the bank; 4) that all directors had to be approved by RFC. The most important result of the deal was that Jesse Jones's good friend Walter Joseph Cummings was made chairman of the board, salary $75,000 a year...