Word: bankes
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Dates: during 1930-1939
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Honest, orthodox M. Daladier last week, took a handsome "profit" for the French Treasury at once. This profit, obtained by "revaluing" the gold stocks of the Bank of France and the exchange fund of the State, totaled 47 billion francs...
That night, at the first of three banquets, the theme was picked up by Chairman Winthrop Aldrich of the Chase National Bank, who last fortnight was one of 16 business leaders pledging co-operation with Mr. Roosevelt. Taking occasion to attribute the President's theory of economic crises to Karl Marx and asserting that pump-priming will prove futile, the crop-haired chairman of the biggest U. S. commercial bank proclaimed: "Reforms which, coming one by one. would be sound and helpful, can generate chaos if they come so quickly that men cannot adjust themselves to all of them...
...brother lent him $500,000. In 1930, same year he became president of the Exchange, Richard Whitney began misusing securities of the New York Yacht Club. By 1931, Depression had nicked him so badly that he used his position as a director of the Corn Exchange Bank to get an unsecured loan from it for $500,000. Morgan-Partner Francis Bartow happened to learn of this and arranged to have it exchanged for a $500,000 unsecured loan from J. P. Morgan...
...last year Dick Whitney again was scratching for pennies. Between May 19 and the end of the year he got a succession of bank loans-$50,000 from the Corn Exchange Bank, $75,000 from the Marine Midland, $75,000 from the National City, $100,000 from the Continental Bank & Trust, $80,000 from Public National-all against worthless stock in defunct companies. Apparently the Whitney front was so impressive that even these hard-boiled Manhattan banks never checked up on him at all. These loans he managed to repay...
Died. Virgil D. Giannini, 38, younger son of San Francisco's Big Banker Amadeo Peter Giannini (Bank of America); of a cerebral hemorrhage resulting from a fall in the Giannini home; in San Francisco...