Word: branching
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Dates: during 1920-1929
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...State which has a law against branch-banking may enforce it against a National Bank. The Supreme Court so ruled. Justice Sutherland wrote the decision: "The mere multiplication of places where the powers of a bank may be exercised is not, in our opinion, a necessary incident of a banking business. ... It is wholly illogical to say that a power which by fair construction of the statutes is found to be denied nevertheless exists as an incidental power...
Hundreds of branch banks which thus came into being in States which permit them will probably not be affected by this decision. Also, the Attorney General and Comptroller of the Currency recently ruled that a national bank might open "teller's offices" in its own city...
...more than thirty years the University has maintained a southern station in order that its series of celestial photographs might cover the whole sky. After the investigation of 1889 of various sites in Peru and Chile, the branch observatory was located in the Andes Mountains near Arequipa, at an altitude of eight thousand feet. Throughout a large part of the year the astronomical conditions in this high altitude are excellent, and the astronomers working at Arequipa have secured more than a hundred thousand photographs of southern stars. During the Peruvian summer; however, in the months from December to March...
Significant in the day's development was the announcement of statements from two radically opposite factions in the University, the Harvard Branch of the League of Nations Non-Partisan Association and the Hiram W. Johnson Club. The executive council of the former organization unanimously approved the Bok Plan as a step toward international cooperation. The Johnson adherents, on the other hand, were emphatic in their opposition...
...remaining feature of the Honor List was the award of the First Class Kaiser-i-Hind* medal to two Americans: Sam Higginbottom and Dr. Louisa Helena Hart. Mr. Higginbottom is principal of the Allahabad Agricultural Institute, a branch concern of the Ewing Christian College of the Presbyterian Church in the U. S. Dr. Hart is an American missionary at Arcat...