Word: branches
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Dates: during 1920-1929
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...penalty" mail of the U. S. departments inflates the deficit. His remedy: "Congress and the departments ought to have special stamps which they would pay for the same as others. The stamps used by members of Congress would be charged up to the expenses of the legislative branch and the executive stamps would be paid for out of appropriations for the respective executive departments...
Both these systems have obvious advantages and disadvantages. If you are a small country banker who does not want to be swallowed up by a large bank, you will probably see that a chain bank remains a local bank with the interests of its neighborhood at heart; that branch banking is likely to result in financial monopoly; that incompetence or dishonesty in a few high places can ruin a whole branch banking system. If you are a large city banker wishing to expand, you will very likely see that a branch bank can be of more assistance in time...
Certain it is that the branch banking advocates will try to have the law modified to permit branch banking throughout the country. If they succeed, it is certain that some of the chains now being created will be converted into branch banking systems. But whether chains or branches eventually come out on top, the developments in the Northwest last week show clearly the tendency of modern banking not only to step outside of municipal boundaries, but to cross state lines. That was where last week's wind was blowing...
...Colony has resources of $207,000,000 and five Boston branches besides its main office. First National has $403,000,000 of resources, and besides its main office, twelve branches in Boston, one in Buenos Aires, three in Cuba (at Havana, Santiago, Cienfugos). If the merger is effected it will produce no chain of banks, but one $610,000.000 bank with a head office and 22 branch offices...
...branch of the U. S. Department of Labor...