Word: interest
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Dates: during 1920-1929
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About Washington last week spread a story that President Hoover, favoring tariff flexibility, had secretly asked the Tariff Commission to supply him with the names of Democratic Senators who had appealed to it for higher tariff rates under the law's flexible, clause for commodities of, local interest to them. It was said that President Hoover was going to use this information to combat the Democratic attack upon tariff flexibility, to show that many a Democrat had covertly sought to use this very machinery to get higher rates for special commodities. Mississippi's Senator Harrison shouted that neither...
What the New York (porno) Graphic called "an episode of spectacular interest and importance" closed last week. Emile H. Gauvreau, the Graphic's Managing Editor, resigned...
George Mosher, 14, "kala-azar victim" (TIME, July 1), died last week. Ten blood transfusions, the interest of the Rockefeller Institute and the New York Health Department, the hard work of his hospital doctors, all were useless. Autopsists sought for the rare Asian microbe of kala-azar (tropical black fever) supposed to have killed him. But no organism was found. The verdict: he died of an unusual anemia, called idiopathic aplastic (self-forming, non-tissue-building...
Last week, however, John North Willys disappeared from the automobile world with the sale of his entire Willys-Overland holdings (some 800,000 shares of common). Nor did any one individual take his place. Purchasers were a combination of Chicago and Toledo interests. The Chicago interest was Field, Glore & Co., acting for Chicago Corp., the Midwest investment trust organized last winter (TIME, Feb. 25). Election of Charles F. Glore and Marshall Field III to the Willys-Overland directorate will be one immediate result of the transaction. The Toledo purchasers were headed by George M. Jones, wealthy head of Toledo...
...business, they have been erroneously described as a private bank. A private bank is really an entirely different kind of institution. It is fully supervised. It carries on a restricted, specialized business. Example: R. H. Macy's, Manhattan department store, is a private bank because it accepts deposits, pays interest, is in the banking business, but it is primarily a department store and its depositors are its customers. Neither private banks nor private bankers affect the stability of the standard, normal, supervised, incorporated savings banks and trust companies which constitute the type of bank which the public recognizes as such...