Word: bankes
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Dates: during 1930-1939
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Shanghai dispatches meanwhile reported better news of China's "invigorated" airforce. Some of the Japanese forces which had reached the north bank of the Yellow River in their advance toward the so-called "Chinese Hindenburg Line" were reported "broken up" by bombs. A captive balloon from which Japanese observers were directing artillery fire was attacked from the air and shot down in flames. This week Japanese operations against the Hindenburg Line continued with slow, progressive success, but Generalissimo Chiang's troops had begun offering improved resistance, due observers thought to "invigorated" bombing...
...dark days of the 1933 bank holiday, President Roosevelt installed in the office of Comptroller of the Currency an inconspicuous lawyer named James Francis Thaddeus ("Jefty") O'Connor. Jefty did not know much about banking, as he readily admitted, but he had dabbled in enough other professions to give him a deft versatility. As a politician he was defeated for the North Dakota Governorship In 1920, but got into the Legislature. As a lawyer he was sharp enough to become the partner of William Gibbs McAdoo in California, where Jefty moved in 1925. As a Democrat...
...evidence of banking recovery embodied in the statistics of his report, Jefty O'Connor had to share honors with those two other Federal agencies which also watch over the national banking system, the Federal Reserve Board and the Federal Deposit Insurance Corp. That only twelve national bank's have failed since Mr. O'Connor took office-compared to 1,750 in the previous decade-was largely the result of the fact that banking was the only U. S. industry which was allowed to pass through the depression wringer. And the fact that deposits reached a record high...
...year ending June 30 the 5,299 national banks achieved the second largest profit in history-$286,561,000, against $301,804,000 in 1929. In 1934 there was a net loss of $303,546,000. This whopping recovery was not, however, entirely gladsome to bankers, for in fiscal 1937 their banks made that showing, not through any blossoming in banking operations but because of reductions in expenses. Gross national bank income in 1929 was $1,389,400,000, expenses $986,882,000. Last year gross bank income was only $847,197,000, expenses $577,851,000. In short, profits...
...resigned because (1 he no longer had the confidence of King Leopold, 2 his own party, the Catholic Centre, deserted him, 3 his known sympathy for German Nazi methods caused the Belgian democratic press to attack him heatedly, 4 the Rexist press attacked him for receiving pay from the Bank of Belgium after becoming Premier, 5 he was unable to balance the national budget after repeated efforts...