Word: defunction
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Manufacturers Trust Co. is the only big Manhattan bank tracing its ancestry to Brooklyn, where it was founded 30 years ago. A $500,000,000 institution at Depression's start, it was in hot water two years later, largely because its clientele and territory resembled those of defunct Bank of United States. In the last three months of 1930 Manufacturers Trust lost 33% of its deposits in silent runs. When Bank of United States finally collapsed, Manufacturers passed the strict clearing house examination, was promptly admitted to that body to restore public confidence...
...Aylesworth came up through various public utility jobs to the managemen of the now defunct National Electric Ligri Association, spread propaganda for utility interests. In 1926 Owen D. Young selected him to head newly-organized National Broadcasting Co., thus made Mr. Aylesworth father of chain broadcasting...
...James Aloysius Robert Quinn, owner of the Red Sox for ten disastrous seasons (1923-1933), was awarded the franchise of the defunct Boston Braves. With the aid of Charles Francis Adams, majority stockholder of the old organization, and others, he will pay off the Braves' creditors, raise enough new money to rejuvenate his team...
...Roosevelt in 1932 was the worst Depression week in Chicago banking. Nervous depositors swarmed into even the biggest Loop banks, demanded their money. Runs hit good banks and bad alike. That was the week that Charles Gates Dawes negotiated his notorious $90,000,000 RFC loan for his now defunct Central Republic. Long queues in the main banking rooms of First National were not dispersed until President Melvin Alvah Traylor addressed the crowd, explaining that he had enough cash for each & every depositor, that First National had weathered the Chicago Fire, had weathered other depressions, would weather this...
...utterance about war, TIME willingly records his denial. Author Millis was not the first commentator to print the quotation. It appeared two years ago in Preachers Present Arms, by Dr. Ray H. Abrams of Princeton's Department of Sociology and in the Oct. 4, 1915 issue of the defunct weekly The Independent. The Independent attributed the statement to the Rev. Charles A. Eaton but with no indication of time, place or circumstances...