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...small U. S. banks have adopted such a policy, but the majority hide their true condition in a conglomerate of massive figures. The Fifth Avenue Bank of New York, old, much patronized by dowagers, is unusually frank. Its statement of resources provides for 21 items and even separates coin from paper money. Yet a sum of ten millions includes all "public securities." How much of the amount is in Governments, how much in less liquid State and Municipals is not revealed...

Author: /time Magazine | Title: Business: Banks, Third Quarter | 10/19/1931 | See Source »

...form means simply that we shall maintain an open and free market for the sale here by Europeans of any listed or unlisted securities which they desire to sell at existing prices, and that Europeans are free to ask to have the proceeds shipped in the form of gold coin or bullion...

Author: NO WRITER ATTRIBUTED | Title: "Hoover Plan Assures Europe That United States Will Keep Full Market, Gold Payments," Says Professor J. F. Ebersole | 10/9/1931 | See Source »

...standard but with gold itself as a monetary medium crystalized at a meeting of prominent British merchants. Chief speaker: Sir Hugo Cunliffe-Owen. Sir Hugo is tall, staccato, persuasive. As chairman of British American Tobacco Co. Ltd. he has intimate export contact with that half of the world where coin is not gold or gold-backed paper but silver, the East. Roundly Sir Hugo declared that the gold standard countries of the West must increase the purchasing power of silver (now at its all time low) in order to release the latent, stupendous buying power of the East...

Author: /time Magazine | Title: INTERNATIONAL: Pound, Dollar & Franc | 10/5/1931 | See Source »

They said they have blasted down to actual contact with the Egypt's strong room wall. To burst it may be possible before winter storms set in. The splendid shilling (an ordinary English coin dated 1918) is the first "treasure," the first bit of precious metal brought up from the Egypt after more than a year of diving...

Author: /time Magazine | Title: FRANCE: Wealth of the Egypt | 10/5/1931 | See Source »

...other hand, the pagoda on Bow Street is very handy to the Cambridge Gas and Electric Light Company (Plympton Street elevation) and to the First National Bank of Adams House. But the Vagabond dislikes the sound of riveters. He tossed a coin. When it rolled down the sewer he took the first train for the New Hampshire hills and spent the afternoon wondering if telegraphically transmitted copy would be full of errors. It seems...

Author: NO WRITER ATTRIBUTED | Title: The Student Vagabond | 9/25/1931 | See Source »

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