Word: defunction
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...have more meaning in future years. The suitability of a chapel as a memorial is already demonstrated in the colossal failure of Memorial Hall to mean anything to Harvard men of the past few generations, except as an eating place, an examination room, and a floor for the now defunct Junior Prom...
Effective last week the Mexican Treasury announced that banknotes issued by defunct Mexican banks are now officially "valueless," no longer legal tender...
...Banks which failed last year have not lost, cannot lose a cent. Under U. S. banking law no banknote can be issued until its full value is covered by bonds which bear the circulation privilege deposited with the Treasury's Comptroller of the Currency. When banknotes issued by defunct U. S. banks come in, the Comptroller withdraws them from circulation, giving in exchange full value secured by the bonds in his possession...
Died. Mrs. Jane Daugherty, 95, mother of onetime U. S. Attorney General Harry Micajah Daugherty and of former President Mai S. Daugherty of the defunct Ohio State Bank, who is on trial for alleged misuse of its funds; of influenza and heart disease; in Washington Court House, Ohio. She was a signer of her son Mal's $40,000 bond. His trial was adjourned last week when her condition became serious...
...have had U. S. fiascoes. Aged Karl Muck was repudiated by the Boston Symphony on a hazy charge of pro-Germanism. Wilhelm Furtwangler and Willem Mengelberg were popular for a time in Manhattan, then severely criticized and not invited to return. Bruno Walter was twice guest leader of the defunct New York Symphony, but in his brief regime he could not raise it from the lethargy into which it had sunk after years under Walter Damrosch. The fifth great maestro, who has not failed, is Arturo Toscanini. Under his guidance the New York Philharmonic-Symphony is enjoying the greatest prosperity...