Word: deposited
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Dates: during 1930-1939
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...true that Henry Ford's $7,500,000 deposit was the largest. In addition Mr. Ford had loaned Union Guardian (of which Edsel Ford and his brother-in-law Ernest C. Kanzler are directors) another $11,000,000 in an earlier attempt to buttress the crumbling institution. The R. F. C. had put up $15.000.000. When Union Guardian approached the R. F. C. for more, Senator James Couzens, Henry Ford's oldtime partner and a bitter critic of the R. F. C., insisted that adequate security must be furnished. This the bank could not do for a loan...
...largest depositors . . . were General Motors Corp., Chrysler Corp. and Ford Motor Co. Both G. M. C. and Chrysler had agreed to subordinate their deposits to the R. F. C. . . . and smaller depositors. The Ford company refused to make such an agreement and the result was the necessity of a moratorium. . . . Unless it had been declared, the larger depositors who were informed in advance would have withdrawn their money and left the smaller ones 'holding the bag'. ... I understand that the deposit of the Ford company . . . was about...
...United States failed, and when America saw other nations, notably Canada, weathering the depression without a single bank failure, it became more and more evident that the American banking system was intrinsically defective. Especially among the masses of the people it became incomprehensible why they could not deposit their earnings in a bank, without that institution closing its doors a little later, and tying up their funds...
...good graces of the Brothers Vaccaro. The Mosses ran a small insurance agency inherited from their father. Mike Moss persuaded the Vaccaros to invest their millions in things other than bananas. They bought the famed Grunewald Hotel, paying for it with Liberty Bonds dug out of a safety deposit box. They rebuilt it as the Roosevelt, "biggest hotel in the Deep South." Mike Moss, a tun-bellied man with a tiny bald head, was made manager. The Vaccaros backed Union Indemnity with slender, bespectacled, drawling Brother Irving Moss as president. New Orleans, where race is viewed frankly, chuckled: "Watch what...
...numismatists. When Tenino's one & only bank failed last year, Publisher Donald M. Major and a group of public-spirited men thought up a plan to keep some kind of currency circulating in the town. They issued to each depositor plywood certificates valued at 75% of his bank deposit. Gradually the bank's affairs were settled. Last week Tenino bought in its wooden money with U. S. money, found that it had $3,500 left over...