Word: manhattans
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Dates: during 1920-1929
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Progression. The investigation moved forward again when Gordon Sohn Rentschler, president of Manhattan's National City Bank, appeared to tell of his company's interest in Cuban sugar production and a low sugar duty. His story was forthright: National City had loaned large sums to Cuban planters who had been caught in the 1920-21 sugar deflation. National City had formed General Sugars, Inc., to take and operate over 3,250,000 acres, a $30,000,000 investment. To the United States Sugar Association's low-duty lobby fund, Mr. Rentschler's bank had contributed $10,000, had spent...
Transgression. Many a citizen wondered whether the Lobby Committee had not transgressed even senatorial privilege when it examined another potent Eastern banker, Fred I. Kent, director of Bankers Trust Co. of Manhattan. In a public speech Banker Kent had blamed the Senate and the Democratic-Insurgent Republican coalition for the stockmarket break. The four members of that coalition on the Lobby Committee (Caraway, Walsh, Elaine. Borah) made for Banker Kent in rough-and-tumble fashion...
...every court day for over six weeks fourscore New York poultrymen roosted on a bleacher in a Federal courtroom in Manhattan. Alleged racketeers of the poultry trade, they were on trial en masse for conspiracy to restrain commerce (TIME, Oct. 21). Twenty-two defendants pleaded guilty or were dismissed during trial. Last week the jury found 66 of the remaining bleacherites guilty, two innocent...
Just what he meant by that he did not explain. His statement for the printed press was handed out?and mailed broadcast to smalltown editors throughout the land?by his Manhattan office. "Railroaded to jail. . . . Sins I have not committed. . . . A man of honor and integrity," were some of the things it said. Also...
...Wisconsin politicians baying with wildest apprehension. The proposal was to form one gigantic State bank for Nebraska, of which every state bank, now independent, would become a branch linking up the chain. Attorney Thomas Stinson Allen, brother-in-law of the late William Jennings Bryan, representing unidentified Manhattan banking interests, advanced the proposal to the State Government to lift it out of its troubles over the State's Bank Guaranty Fund. To this fund State banks in Nebraska must contribute one tenth of one per cent of their average deposits per year, to be used to pay depositors a share...