Word: borrows
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Dates: during 1930-1939
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...withhold credit from member banks which use it for stockmarket speculation; 2) savings and Morris Plan banks are to be admitted to the Reserve system; 3) national bank directorates are to be limited to 25; 4) interest on demand deposits is to cease; 5) officers may not borrow from their own banks...
...Michigan Avenue from the Fair grounds. There they saw the biggest, most comprehensive, most valuable loan exhibition ever assembled in the U. S. The fact that the show was set in the fireproof Institute instead of in a temporary building at the Fair proper enabled its sponsors to borrow $75,000,000 worth of paintings and sculpture. All the borrowed pictures hanging last week had come from U. S. museums (31) and private collections (more than 200). Yet to come was the one exception: James McNeill Whistler's famed Portrait of My Mother, valued at $1,000,000, France...
After Hearst? When a mighty man is 70, men eye his heirs. There are five Hearst sons (no daughters) of whom two -Twins William Elbert & Randolph Apperson-are too young to be studied as successors to their father's power & glory (but not too young to borrow one of his airplanes last week to fetch a Pittsburgh girl to the Lawrenceville Junior prom). One of the other three, fat George, 29, is senior-and least likely on his showing to date to handle the Hearst empire when the Chief passes. Nicknamed "Fanny." good-natured Son George has been tried...
...dollars was tied up in closed banks. Public savings curtailed private spendings. Even the psychological advantage of a balanced budget failed to offset this downward trend. Last week, however, the President's larger program became more clear. The budget was to be balanced so that the Government could borrow fresh billions and thereby prime the pump of U. S. business! Credit inflation on a colossal scale loomed ahead. Only if it failed to produce results would the White House lend an ear to the moonlit baying for currency inflation...
...plays hocus-pocus with money that the public lays away for emergencies. The March bank holiday, which boosted bank commissioners to jobs approaching economic dictatorships, gave a similar boost to insurance commissioners. Runs on banks led to runs on life insurance companies (by policyholders who wanted to borrow on their policies or surrender them for cash) and runs on insurance companies led to an insurance half-holiday: death and disability benefits, matured endowments and annuities continued to be paid, but the state insurance commissioners put their feet down hard, forbade loans on policies and cash surrenders, suspended declaration of dividends...