Word: eccleses
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Dates: during 1940-1949
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The Rocky Mountain area got a big new bank last week to finance its burgeoning industries. At the helm was an old name in banking-George Eccles, younger brother of the Federal Reserve Board's Marriner Eccles. To set up the biggest banking operation between Omaha and California, the...
Handsome, gregarious George Stoddard Eccles, 48, little resembles his solemn brother. George dances indefatigably, frequently breaks 80 at golf, heads the Ogden (Utah) Livestock Show. Unlike Marriner, who did not go beyond high school, George went to the University of California and Columbia. After graduation, he became assistant cashier at...
*Solomon Eagles (or Eccles) was a fanatical 17th Century Quaker who, stripped to the waist and carrying a brazier full of fire & brimstone on his head, walked the streets predicting doom.
Still Consistent. But whereas he advocated Government spending in depressed times, Eccles has fought easy-money policies during the postwar inflation. He tried to keep the clamps on installment buying, favored high margin trading on the stockmarket, recommended the virtual doubling of reserve requirements in commercial banks. From Robert Taft...
The man who took Eccles' place was somewhere to the right of Eccles' "unorthodox" doctrines, though perhaps not as far as some loudly applauding bankers thought. Thomas McCabe went to progressive Swarthmore College. He began his career at Scott Paper Co., became a supersalesman and finally president. He...