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...oldest and most famous institutions of its kind in the world" (obviously the Bank of England) revealed to news correspondents, as the results of a two-year search, that all the top men in A. Hitler & Co., with the sole exception of A. Hitler, long ago took care to deposit fortunes and take out big insurance policies outside of Germany. Hermann GÖring, Rudolf Hess, Paul Joseph Goebbels, Joachim von Ribbentrop, Robert Ley, Heinrich Himmler and Julius Streicher were all specifically named.* The total of their holdings was categorically fixed at $34,873,500. Banks...

Author: /time Magazine | Title: PROPAGANDA: Heavy Blows | 10/2/1939 | See Source »

...Streicher, chief Jew-baiter of Hitler & Co., quarreled last week with Hermann GÖring over their respective scales of living, that Streicher had been flung into a concentration camp, saved from execution only by the personal intervention of A. Hitler. When interrogated about the alleged GÖring deposit, Tamotsu Nishida, manager of Sumitomo Bank, Ltd., declared: "Oh, there must be some mistake. We are only a foreign branch for the home office at Osaka. . . . We don't accept deposits." In Washington, SEC admitted having received the British information on A. Hitler & Co.'s foreign holdings prior...

Author: /time Magazine | Title: PROPAGANDA: Heavy Blows | 10/2/1939 | See Source »

...five-foot-four, alike as two Dromios, set out from home one summer morning in 1889 to look for their first jobs. They met at noon at "Four Corners" in downtown Rochester, N. Y. Rob had landed a $10-a-month job as messenger for the Rochester Trust & Safe Deposit Co. Bill had a $10-a-month job as messenger for the Commercial National Bank...

Author: /time Magazine | Title: BANKING: Boys from Rochester | 8/21/1939 | See Source »

...pleasant picture of dollars on relief was the annual report last fortnight of Federal Deposit Insurance Corp. Chairman Leo T. Crowley. FDIC's own figures looked good enough at first glance. In five years the corporation has had to pay out $21,000,000 to cover expenses and to make good average losses of 16% of the deposits of 252 insured banks that closed or were taken over. Meantime FDIC has taken in $167,400,000 ($124,200,000 of it from ½ of 1% assessments on bank deposits, $43,200,000 from its investments and profits). Result: FDIC...

Author: /time Magazine | Title: BANKING: Money on Relief | 7/31/1939 | See Source »

...this surplus is no comfort to Chairman Crowley. He wrote an indictment of the present state of the U. S. banking business: for 75 years the ratio of bank capital to assets and to deposits has declined. Now the number of banker-owned dollars which protect the public's deposit dollars is at a new low-about...

Author: /time Magazine | Title: BANKING: Money on Relief | 7/31/1939 | See Source »

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