Word: crediting
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Dates: during 1920-1929
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...directly after the War. His brain conceived the Locarno Pacts. When three other statesmen?Briand, Chamberlain, Stresemann?carried through his idea and each won a Nobel Peace Prize, he contentedly retired. Germany had been brought back into the comity of nations and he did not care who got the credit. In the same spirit Viscount d'Abernon recently con- sented to head the unofficial British Trade Mission to South America which was champagned at El Jockey Club last week. For him it is another adventure in conciliation. He will try to win back as much as possible of the Argentine...
When the London announcement was cabled to Argentina, ferreting Buenos Aires reporters wormed out the further fact that the d'Abernon mission had arranged an Anglo-Argentine floating credit of £16,000,000 ($77,760.000) to facilitate the mutual buying and selling provided for in the main agreement. The usually well-informed La Prensa declared that the British Government would use its £8,000,000 ($38,880,000) purchases of Australian food and raw materials "to feed and clothe the British Army and Navy...
...Continental Chicago Corp. in one outstanding feature. According to Mr. Reynolds, it was not designed to speculate in securities but was established primarily to assist Continental-Illinois' 40,000 commercial customers. Said Mr. Reynolds: "There are innumerable instances where a company is not entitled to commercial bank credit . . . and is in no position to go to the securities market. . . . Yet it is entirely sound and worthy of banking cooperation. . . . We know from experience that there is keen need for this additional banking service, that it is entirely sound and extremely lucrative. . . . There will be [in Continental Chicago Corp.] nothing...
...condition, they perhaps received their money in the only manner that it could ever have been obtained. Should they consider it their duty to their depositors to keep this money, many a fine legal mind will soon be struggling with the problem of whether a certified check is credit or money?whether it is a promise to pay or an actual payment...
...banks and their respective contributions to the $500,000 credit were: Chemical National Bank (on order of the First National of Denver), First National (on order of Denver National) each $100,000; Guaranty Trust Co., Harriman Trust Co., National City Bank (on order?respectively?of U. S. National, American National, Colorado National) and Equitable Trust Co., each $75,000. * The three banks and the amounts he sent them were Hanover National of New York, $200,000; First National Bank of Pueblo, Col., $195,000; Continental Bank of Salt Lake City, Utah, $30,000. He also used...