Word: centralized
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Dates: during 1920-1929
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...many months the Eastern consolidation struggle has resembled a chess tournament in which a master plays several opponents simultaneously. Shrewd, lean, aggressive William Wallace Atterbury of the Pennsylvania is the chess wizard. Three boards confront him. Behind one sits quiet-voiced Patrick Edward Crowley of the New York Central; behind the second sits energetic Daniel Willard of the B. & O.; behind the third sit the chubby brothers Oris Paxton and Mantis James Van Sweringen. On each of the three Boards a different consolidation game is being played. Last week two bold moves were made on the Van Sweringen board. Master...
...smiled gravely. The populace screamed: "Viva . . . viva Sidar . . . viva Sidar el loco" [The crazy, reckless]. All this last week as Col. Pablo Sidar, 30, Mexico's "first" flyer since the death of Capt. Emilio Carranza (TIME, July 23, 1928), returned to Mexico City from a flight around South and Central America and Cuba. President Portes Gil pinned Mexico's first medal "For Aeronautic Merit, ist Class" on him. El Loco picked up his President and bussed him on both cheeks. Ambassador Morrow he saluted snappily...
...absence from metropolitan diversions and advantages forces the members of the smaller community to develop their own resources. Besides preserving these opportunities, a plan for knitting the small college more closely into the educational fabric by exchanging professors with larger institutions would give the men from the more central institutions a chance to view their own educational problems free from the distracting activities of the higher pressure university...
...authorized capital of the new institution will be five hundred million Swiss francs, divided into two hundred thousand shares of equal, nominal value, Subscription of the total authorized capital has been guaranteed in equal parts by central banks in Belgium, England, France, Germany, Italy and by banking interests in Japan and the United States. It is therefore apparent that central bank governors will guide the policies of the new institution. It is to be hoped that this factor will safeguard the interests of each of the nations concerned, will prevent the bank from becoming a political organization and will facilitate...
...objects of the bank, as stated in the first statute are: 'To promote the cooperation of central banks, to provide additional facilities for international financial operations, and to act as trustee or agent in regard to international financial settlements...