Word: calling
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Dates: during 1920-1929
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...exponents, Tom's Mix, Heeney, Marshall, Lipton and a bunch of other good skates belong; when the noble order gets a dud, he goes as Thomas, or Woodrow if a stuffed shirt, as Tommie if just too sweet. Lennon may hear drums say wum-wum but they always call me by name. Long may they beat and in the same time...
...never mean to hit below the belt, but I felt that roll-call on prostitution was a bit below. ... So, in all conscience . . . I withdrew...
Week by week the total of brokers' loans mounted. Federal Reserve banks, led by Chicago, raised the rediscount rate to 5%.* Still the member banks reported that corporations and individuals were withdrawing deposits and putting their funds on the call loan market. Last week, U.S. bankers sat down to a serious campaign to end the wholesale diversion of money for speculative purposes...
Most promising, however, was the action of the New York Clearing House Association. Said the Clearing House: Banks shall refuse to put the money of the corporations out on call in amounts less than $100,000. Further, they shall increase their service charge on loans made for others from 5% on the interest on the loan, to ½ of 1% of the principal. Banks anticipated protests, prepared to meet them by handing the corporations a partial recompense. Interest rates on commercial accounts were raised from 2 to 2½%, on deposits for 30 days or more from...
...chasm still yawned between interest rates on deposits and on call money. Opinions were divided on the possibility of curbing speculation by refusing to lend money on behalf of corporations. The corporations, for example, might lend their money directly, ignoring the banks. Or they might start a bank of their own. There seemed, last week, a number of ways by which the money market might be taken out of the control of the Federal Reserve and of its member banks...