Word: basel
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This was the comment of Georges Frederic Doriot, professor of Industrial Management in the Graduate School of Business Administration when questioned concerning the new international bank to be located at Basel, Switzerland...
...bank will be located at Basel, Switzerland; Switzerland having agreed to grant a charter which will not be repealed, amended or supplemented except in agreement with the organizing powers...
...this mornings's CRIMSON Professor Doriot has explained to Harvard readers the work which was accomplished at Baden, and has found but one criticism or cause for regret great enough to deserve his stress. Frankfort, he says, or Cologne, or some other German city might have been superior to Basel as a location for the International Bank...
This was the first French offering since the U. S. State Department removed its ban on French industrial financing. Theorists, comparing current prices for French bonds in New York, London, Amsterdam, Basel, had guessed that French business would have to pay about 6.10% interest on new borrowings. But out came the bankers with Paris-Orleans Railroad bonds yielding only 5.75% and the public quickly devoured them. Proof was here that bankers and public have a better opinion of French credit than statisticians...
Rumors. Strange rumors escaped last week from behind the Fascist censor's dark screen so carefully adjusted to shut out all but the glories of Fascismo. It was told by a pressman at Basel, Switzerland, that Mussolin's intestinal complaint now makes it necessary for him to subsist chiefly on milk and rice, and he seeks forgetfulness from sharp internal pains by playing on the violin when he cannot sleep. At Lugano, Switzerland, another journalist just returned from Italy declared that Roberto Farinacci, who recently resigned (TIME, April 12), as Secretary General of the Fascist Party, has definitely turned against...