Word: billion
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Dates: during 1920-1929
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Startling was the name, for it signified the merger of two of the famed four "D" banks. Dedi becomes the only billion dollar bank† outside of the U. S. and Great Britain, controlling, some say, over one-third of the deposits of the seven biggest banks in Germany...
...Resources roughly $1,200,000,000 New York's National City now has, with many mergers, some $2,386,000,000, and is one of the four U. S. billion dollar banks...
Transport Industry's Size. Three-quarters of a billion dollars are now invested in the entire aviation industry. Forty-five companies are transporting mail, express and passengers over 75,000 miles daily. Last year they carried 52,934 passengers. This year the number will approximate 150,000. Only between San Francisco and Los Angeles and between New York and Boston do ships frequently have all passenger seats sold. Passenger traffic does not yet pay its way. Mail contracts, which represents the U. S. government's way of furnishing the transport companies their essential subsidies, almost pay the operating expenses...
...Loree no living rail roader is more famed or more acute. He was not asking Santa Claus for these rail roads; he was asking the Interstate Com merce Commission. And even had he asked the I. C. C. for the New York Central, Pennsylvania, B. & 0. and other miscellaneous billion-dollar lines, his plea would have received earnest attention...
...first eight months of it required something more than $17,600,000 per day to finance the birth and the growth of U. S. industry. Total new financing up to Aug. 31 reached the figure of $4,231,847,000-money raised at the rate of a half billion a month or six billion a year. This figure included stocks, bonds and notes, but did not include real estate or municipal securities either in this country or Canada. Except for a comparatively small amount of financing by Canadian corporations and by foreign corporations, cities and governments, it represented the money...