Word: holidaying
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Dates: during 1930-1939
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...most places the bank holiday is long since past. Not so the insurance half-holiday. The whole investment policy of life insurance companies has been aimed to have liquid each year the average amount of money needed to pay maturing policies and the normal run of loans and surrenders. What to do when the run of loans and surrenders soared above normal? Last week the insurance commissioners of 31 states who ordinarily meet twice a year assembled in emergency conference at Chicago. One thing was apparent to them all: they must take uniform action, as the bankers of neighboring states...
...there was no agreement among the insurance commissioners about what to do. Some wanted to declare the half-holiday ended, argued that abnormal loans would cease just as withdrawals of cash from banks ended after the bank holiday. Others wanted to turn the half-holiday into a quarter-holiday by limiting loans and surrenders to perhaps 50% of the normal allowance. Still others wanted to keep the half-holiday in force. Not only did the commissioners disagree with each other but so did life insurance officers. A committee of five stayed up all night arguing. The conclusion was for virtual...
Came the Depression. North Carolina Bank & Trust felt the pinch, closed down to a restricted basis even before the bank holiday. Last week a white paper was stuck on the walls of the bank's Textile Branch...
...memorial to the solidarity of New York's Clearing House. When trouble cropped up in the Harriman Bank nine months ago, the Clearing House backed Henry Elliott Cooper as president and planned to work out the situation. When the Harriman did not open after the banking holiday, two Clearing House members welched, declined to carry out the understanding that the Harriman should be saved. All last week the Clearing House squabbled about what should be done. Finally Secretary Woodin put an end to argument, announced that he had asked Manufacturers Trust Co.. headed by indefatigably public-spirited Harvey...
...headed, he says: "I am not much to look at. ... I am an authority on the cockroach. I know considerable about the Japanese. I play Beethoven constantly and abominably. . . . You can find me in my laboratory from ten any morning till two the next, and every Sunday, and every holiday. ... I have delivered a baby. Once I gave a serious lecture to a hall full of lunatics. I know professors...