Word: cashing
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Dates: during 1920-1929
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...Like the Buffalo robbers, four masked bandits stalked in upon a party at the Champaign, Ill. home of Metalman Henry H. Harris. At first mistaken for jokesters, they lined up 100 celebrating socialites, stripped them of $50,000 worth of jewelry and cash. Among the divested guests were Dr. David Kinley, president of the University of Illinois, and his daughter...
...smart Chicagoan secretary of the conference, Dr. Lichtenstein, had a watchcharm seal: "W. L." Pressing this upon a hot red splotch of wax, Mr. Lichtenstein* sealed with humorous pomposity a business paper more vital than many a treaty. In effect it is the blueprint design for a giant cash register through which Germany will pay some nine billion-dollars in Reparations over 58 years...
Thirteen Padlocks. On every drawer of the new Cash Register are U. S. padlocks. Thirteen of the 60 articles in the Statute were drawn wholly or in part to protect the U. S. Federal Reserve, which, under Article Twenty, has power to veto any dollar transactions contemplated in any country by the Bank. Getting this clause adopted was the major triumph at Baden-Baden of the two U. S. representatives, short, stocky Jackson Eli Reynolds and lanky, drawling Melvin Alva ("Mel") Traylor, presidents of the First National Banks of New York and Chicago, respectively...
...exercised in general business financing by an ordinary bank or bank-of-issue.? Jealously decreed these prohibitions. They were forced upon the Baden-Baden bankers by the European banks of issue?especially the Bank of England? which feared the competition of anything like a "World Bank." The new Cash Register thus does not measure up to the original grand conception of Owen D. Young and the drafters of the Young Plan (TIME, Feb. 18 to June 10). They advised that the Bank?chief organ of the Plan?should provide "useful instruments for opening up new fields of commerce...
...hard for the members of any other institution to estimate the degree of veneration in which such a relic as the Yale fence is held by those brought up in the tradition. Ten thousand dollars is reputed to be the monetary measure of its value, but cash is proverbially cold and no one can attempt to estimate the heat of emotion likely to be kindled by its recent disappearance. The rumor that prompt expulsion hangs over any Yale undergraduate who might be implicated in the outrage may be taken as an indication of the reverence with which the fence tradition...