Word: deposit
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Banker Nichols' pet New Deal aversion is Federal Deposit Insurance Corp. His bank is the only one of 6,000 Federal Reserve members which has never paid an FDIC assessment. Last week Banker Nichols received a letter from Comptroller of the Currency J. F. T. O'Connor reminding him that the deposit insurance law becomes permanent June 30. Offering Comptroller O'Connor his compliments and a "one-way ticket to Dante's Inferno," Banker Nichols replied...
...your political colleagues will never live to see the day that you can saddle our depositors and stockholders with the unlimited contingent liability incorporated in the permanent Federal Deposit Insurance Act. ... I wouldn't trust a single one of you any farther than I could throw a bull by the tail. If you think you have an inch of ground to stand on, cut out the shadow-boxing and get this case before the U. S. Supreme Court. I'll wager it will pluck your FDIC so close that, in comparison to its nudity, Hugh Johnson...
...saved out of their income even when it was only $5,000 a year. She worked, and still, from habit, works as his secretary at the Capitol. They "put by," and their fortune grew. Now they have their 350 acres in Uvalde, including a pecan plantation. In their safe deposit box are said to be mortgages on every church in Uvalde, and stock in many a local bank...
...Pater the expression meant, in a famed paragraph in his Renaissance, that: ''Hers is the head upon which all 'the ends of the world are come,' and the eyelids are a little weary. It is a beauty wrought out from within upon the flesh, the deposit, little cell by cell, of strange thoughts and fantastic reveries and exquisite passions. Set it for a moment beside one of those white Greek goddesses or beautiful women of antiquity, and how would they be troubled by this beauty, into which the soul with all its maladies has passed...
...total loss have come suddenly to life. Cuba Cane products, the island's largest producer, was reorganized last February as Cuban Atlantic. Francisco Sugar's 7½ bonds (in default) have jumped from 23? on the dollar to 44? since the year end. Certificates of deposit for Camaguey's 7% bonds soared from 2½? on the dollar to 12?. Manati's preferred stock climbed from $4 per share to $10. Cuban-American, one of the island's big companies still solvent, has watched its preferred double in value...