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...having to buy those little plaque's (costing 15?), the idea of deposit insurance being thoroughly obnoxious to them. Once the bankers had the plaques, however, the idea of having them taken away seemed even more obnoxious. Until last week none had been withdrawn. Then Chairman Leo T. Crowley of FDIC announced that North Bergen (N. J.) Trust Co. would lose its plaque May 1. Reasons: operating with impaired capital, lending in excess of the legal limit, unwarranted concentration of loans, extension of credit to people and companies in which the bank's principal stockholders were interested...

Author: /time Magazine | Title: Business: Crackdown No. i | 4/26/1937 | See Source »

...Arthur, Tex. it is 625 mi., from Port Arthur to New Orleans 250 mi. Near the centre of this big southwestern triangle is a man-made lake near Hot Springs, Ark. called Catherine. On an island in the lake is Couchwood, the spacious summer home of Utilities Tycoon Harvey Crowley Couch, onetime (1932-34) RFC director, chair-man of Louisiana & Arkansas Ry. and Arkansas' richest citizen. The four C's in Harvey Couch's book read: "Courage, Confidence, Concentration and Co-operation will enable us to make Arkansas and this section of the Southwest the most self...

Author: /time Magazine | Title: Business: Southwest Rails | 3/1/1937 | See Source »

...story about a possible U. S. loan to Germany as having been written by "one of those city slickers." Said he: "I think some country boy sold him the story." While Mr. Morgenthau was discussing bigtime money matters in press and private conference last week, Chairman Leo T. Crowley of Federal Deposit Insurance Corp. had something to say to the nation's bankers on distinctly smalltime money matters. Releasing his 1936 report, Mr. Crowley lit into the members of FDIC for dabbling in speculative bonds. Warned the man who has underwritten 14,000 banks: "Low earnings are making some...

Author: /time Magazine | Title: Business: Money Matters | 2/22/1937 | See Source »

...loud rap sounded one evening last week at the door of a banquet room in Manhattan's Waldorf-Astoria in which sat Utilities Tycoon Harvey Crowley Couch, Munitions Tycoon Alexis Felix du Pont, Herbert Lee Pratt, onetime board chairman of Socony-Vacuum Oil Co., President Charles K. Davis of Remington Arms Co., some 200 other big & little wigs. A waiter opened the door, and in waddled Field & Stream's hearty Publisher Eltinge F. Warner disguised as Donald Duck, with a large basket on his arm. Squawking, he advanced to the speaker's table, pumped the hand...

Author: /time Magazine | Title: Animals: Duck Dinner | 1/25/1937 | See Source »

...Fordham's "Seven Blocks" the most impressive are a Polish Block and an Italian Block. The Italian is 5-ft. 8-in., 200-lb. Edmund Franco, left tackle, whom Coach Crowley calls the best college lineman he has ever seen. The Pole is 5-ft. 11-in., 190-lb. Center Alexander Franklin Wojciechowicz (pronounced Woe-gee-hoe-wits), whose hobbies are cooking and helping his mother crochet rag rugs. Last week Fordham's Franco, Wojciechowicz & colleagues blocked so efficiently that Purdue's Isbell, Drake & colleagues gained only 54 yards rushing all afternoon, one-third as many...

Author: /time Magazine | Title: Sport: Football, Nov. 16, 1936 | 11/16/1936 | See Source »

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