Word: billion
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Dates: during 1920-1929
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These early troubles surmounted, Mr. Mitchell enjoyed many a successful year, during which, under his presidency. Na- tional City Bank became first a billion dollar, then a two billion dollar, institution. Within the past year, through its merger with Farmers' Loan and Trust (TIME, April 8) and the all-but-ratified merger with Corn Exchange Bank (TIME, Sept. 30) the Bank reiterated its position as greatest U. S. bank, became greatest world bank. Now Mr. Mitchell, who used to say that he was too poor to eat at Child's, instead, for reputation's sake, fed at expensive hotels, could...
...menceau, M. Le Capitain Tardieu was sent to the U. S. as French High Commissioner. The appointment was almost a scandal. Le Capitain had never before held even ministerial rank. But he justified the "Tiger's" confidence. In the U. S. he borrowed and spent three and a half billion dollars on munitions for France...
...Hawley-Smoot bill, he thought, was "a very limited revision," although it provided for increases in 42 of Pennsylvania's industries, representing additional protection of almost a half-billion dollars. But said Lobbyist Grundy: "Rates don't mean anything. They're not worth a row of three hoots. The increases for Pennsyl vania are so insignificant that they don't amount to anything. What counts are the administrative provisions of the bill." He explained that his lobbying method included no publicity, no "press bureaus' but direct personal contact with Senators and Congressmen who write tariff...
...plan for developing U. S. inland waterways into one vast closeknit system of cheap transportation. The same instinct which sets him to building toy dams and clearing out rock-choked channels in tiny mountain streams moved him to advocate a river improvement policy which will cost approximately a billion dollars...
...increasing. Last year for instance, we shipped our goods abroad in larger quantities than ever before. We also bought in foreign markets more heavily than in any preceding year in our history. For the fourth time in succession our total trade with foreign countries exceeded a value of nine billion dollars...