Word: deposit
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...local mortgage corporation wishes to require the borrowers to leave on deposit from ten to fifteen per cent of the sums borrowed, this to be used as a subscription to capital stock, there will be no objection from the Reconstruction Finance Corporation. This is the plan in use in the intermediate credit system in agriculture and the government stands ready to see it applied in an intermediate credit system for business...
...department: "... Professor Josef Schumpeter, formerly Minister of Austrian Finance, initiated 300 wrapt listeners into the theory of deposit creation and retirement...
...cream of Harvard's crop of economists is always thrown into the breach. Last year, during Professor Williams' absence in Geneva as one of the American experts to the World Economic Conference, Professor Josef Schumpeter, former Minister of Austrian finance, initiated 300 wrapt listeners into the theory of deposit creation and retirement and the higher mysteries of the exchange mechanism. This year, Assistant Professor Seymour Harris, one of Harvard's four authorities on trade and the business cycle, will give the lectures until such time as the N. R. A. may deprive the University of his services...
Second big effort of the Administration was to try to get the bankers to grin & bear the deposit guarantee feature of the new banking law. Flatly Mr. Jones told the bankers: "Those of you who think you are going to get rid of deposit insurance at the next session of Congress simply do not know your Congress...
James Francis Thaddeus O'Connor, Comptroller of the Currency, went before the bankers and told them, the names of the two directors who with himself will administer the deposit guarantee law: Walter Joseph Cummings, executive assistant in the Treasury, close friend of William Hartman Woodin, and Elbert G. Bennett, banker of Ogden, Utah. These announcements the polite bankers applauded. And they listened politely when Comptroller O'Connor told them: ''Every depositor has a right to his money. This law makes the theory a fact. It will banish fear in every banker's mind of runs...