Word: centralized
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Dates: during 1920-1929
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Died. Jewell, 97, elephant, for 40 years (1838-78) a Barnum & Bailey trouper until his attacks of "temperament" made touring dangerous; by his keeper's shot, paralysis of the trunk having developed; at the Central Park Zoo, Manhattan...
...Washington, a man named Roy A. Young presides day by day over the Federal Reserve Board, central authority of the twelve regional banks. In Chicago, Minneapolis, Atlanta, sit Governors with as much authority as clothes the Governor of New York's bank. But when Benjamin Strong, lean, nervous, enters the doors of the Bank of England, or when Benjamin Strong, ill, receives the foreign chiefs in Manhattan, no Wall Streeter thinks of the quiet, unostentatious figure in the Treasury building's spacious offices. And certainly no Streeter thinks of such an untraveled, provincial person as a banker...
Engaged. Anne Taft Ingalls of Cleveland, daughter of Assistant Vice President Albert Stimson Ingalls of the New York Central Railroad, granddaughter of Cincinnati's Charles Phelps Taft; to Reupert E. L. Warburton, London banker...
Money was never so easy as last September, when the bull market was in full swing. But in Europe the central banks were in trouble. Helpfully, the Federal Reserve sought to ease up still further on credit in the U. S., with the sound idea that higher interest rates abroad would attract much-needed funds. It ordered the Chicago bank to reduce its rediscount rate from 4 to 3½%. Chicago bankers, led by famed Melvin Alvah Traylor, head of the powerful First National Bank, dissented sharply, voiced grave warnings. Unheeding, the Federal Reserve forced its way, helped Europe weather...
...haunts rude, related delegations like the one which attended Marion Talley's debut. Marek Windheim was not in line for these honors : had he been a soprano even, he would still have been a Pole and the Poles are too remote for human interest stories. Aida Doninelli, a Central American diva, would be likewise unsatisfactory. Grace Divine and Pearl Besuner (a tobacconist's daughter), are, by a lamentable coincidence, citizens of the same city, Cincinnati. Both have recently won fellowships in Dresden and refused them for Metropolitan premieres whose sameness must in some measure darken whatever advertising glory...