Word: deposited
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Dates: during 1930-1939
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...fraudulently and unlawfully acquire to himself or transfer to others" an amount precisely equal to what Mr. Penney had put in-$3,000,000. Furthermore, said the depositors, Mr. Penney had known all along that his bank was insolvent, had seen to it that the bulk of Penney deposits was withdrawn before the bank went under. Young Jim Penney went to Wyoming for his health and while clerking in a store got the idea of building a chain. His original "Golden Rule Stores" grew into J. C. Penney Co. with 1,471 units in 48 States and an annual business...
...stacked up in Manhattan than at any time in the history of Wall Street. Normal stocks in storage run from 2,000,000 to 10,000,000 oz. Last week the Commodity Exchange announced that there are 81,000,000 oz. in its seven licensed warehouses (safe deposit companies). Another 40,000,000 or 50,000,000 oz., it was estimated, was in other banks or in hoarding. Silvermen were alarmed lest the mounting pile exceed the city's available storage capacity...
...morning last week the Chicago Tribune headlined over a Washington dateline the news that Walter J. Cummings, head of Federal Deposit Insurance Corp., was to be made chairman of Continental Illinois National Bank & Trust Co. Since Chicago's biggest bank had not planned to choose Mr. Cummings, the inference was the Administration, contrary to repeated promises, intended to force officers of its own choosing upon banks in which RFC was a stockholder...
...bank officers view with alarm deposit guarantee and inflation...
Because of the $3,300,000,000 Public Works expenditure, the Agricultural Adjustment Administration's domestic allotment operations, the Federal Deposit Insurance Corp.'s bank liquidations, said Director Douglas, "the national debt in the fiscal year 1934 will be substantially increased."* The amount of the increase Director Douglas was unable to predict because of "certain still undefined policies of the Government." Though he did not say so, this meant that U. S. citizens would wake up July 1, 1934 to find a fourth successive Treasury deficit behind them...