Word: deposits
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Dates: during 1940-1949
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...were not enough, A. P. also joined battle with the Secretary of the Treasury, his pet hate. In September 1938, just before meeting, the directors of Bank of America got a telegram from the U. S. Comptroller of the Currency, one of whose jobs is to watch the capital-deposit ratios of national banks. The telegram threatened to cite the directors to the Federal Reserve Board if they declared the bank's regular dividend. A. P. and his directors defiantly declared it, have continued to ever since. Blaming Walker for telling secrets to SEC, blaming Morgenthau for the Comptroller...
Johnny Harvard '43, hot lick artist on the slide trombone, easily made the Harvard Band last fall. But the hand of welcome was extended palm up: $5.00 for dues, $9.00 for use of uniform, and another $5.00 as a deposit against fines and incidentals. The return for this sum and six hours of practice a week was free admission to the football games, a few hockey and basketball matches, an H.A.A.-sponsored trip to Princeton by bus and second-rate boat, a watch fob at the annual banquet (for which Johnny shelled out another $2.90). Many of his classmates...
...socialite sense, the foulest deed Dick Whitney ever did was to steal $105,184 in securities from the safe-deposit box of the swanky New York Yacht Club, of which he was treasurer. Last week his old club, anxious to recoup, filed suit for all he had embezzled, plus interest, against a less exclusive, more expensive club, the New York Stock Exchange. Ground for the suit, had the Exchange exposed its onetime president sooner, it might have prevented the yacht club theft...
...little known as the defunct Federal League is tightlipped, bespectacled Clement Schwener, manager of the safe-deposit vaults of Boston's U. S. Trust Co. Kilterless baseball schedules of 25 years ago annoyed his mathematical mind...
Black Lungs. In the late 18th and early 19th Centuries, anatomists making autopsies discovered that some people had black deposits on their lungs. Since many of the bodies were those of miners, the explanation seemed easy. The black stuff was simply carbon breathed in over a period of years as coal dust. When city folk were found with black lungs, the explanation was that the cause was city smoke. Physicians called it "anthracosis." But modern chemistry shows that the black stuff is not carbon. It is a complex "heterocyclic" compound which does many things that carbon does...