Word: depositer
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...congregation in the small Methodist church in Harlem listens attentively as the special Sunday speaker approaches the end of his sermon. He tells them that the church needs money, and that they can help if they come to the Freedom National Bank and deposit their money there. The bank will use the accounts as collateral. Against this collateral it will issue the church fathers the mortgage on the church which they have been refused because of an alledged shortage of mortgage funds...
Hudgins agrees that white businessmen are responsible for draining money out of Harlem. But he has his own view of how Harlemites can reposess and increase, the wealth of their community. Every dollar which goes into the pocket of a white Harlem businessman and is spent or deposited in a bank in the Bronx or "downtown" is a dollar which does not get invested in Harlem. If businessmen and individuals can be persuaded to deposit their money at Freedom National and other Harlem banks, the banks will be able to make loans to Negroes to purchase and improve homes...
...expedite just such matters, U.S. consulates have specially trained personnel. Standard procedure calls for working with members of the family, if they are present, or cabling them for instructions if they are not (all passport applications list next of kin). The family is requested to deposit money with the State Department to defray the expenses (minimum cost from Europe, $1,100 including embalming and transportation). In most instances the deceased is homeward bound within three to four days. Delay does occur, however, when the deceased has left a will specifying how and where he wishes to be buried...
William Gordan Jr., an employee of Design Research, Inc., 57 Brattle St., was intercepted by a lone bandit on his way to deposit the company money at the Cambridge Trust Company. He said the robber stuck a blunt instrument in his back at Holyoke St. and Mass Ave. and walked him down to Mt. Auburn St. toward Holyoke Center...
...national banks, Comptroller of the Currency James Joseph Saxon, 52, has swept away a lot of regulatory cobwebs, irritated two U.S. Presidents, feuded with much of the industry he regulates, and bickered with every other federal body involved in bank supervision: the Federal Reserve, the Federal Deposit Insurance Corp., the Securities and Exchange Commission and the Justice Department. Last week Arkansas Democrat John L. McClellan and his Senate investigation subcommittee lit into Jim Saxon-who naturally lit right back into McClellan...