Word: mcdougall
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Dates: during 1920-1929
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...Georgetown and Princeton lineups for tomorrow's matches will be as follows: GEORGETOWN PRINCETON No. 1 McCarthy No. 1, Stevens No. 2. Flanagan No. 2, Dunlap No. 3. Wilson No. 3, McWilliams No. 4. Beger No. 4, Hersey No. 5, Foley No. 5, Koehn No. 6, Manning No. 6, McDougal...
...success of "Morris Plan" banks made enterprising bankers study the field. In New York City the National City group made surveys ; in Buffalo the Marine Trust group (Chairman Elliott C. McDougal, President George Franklin Rand,* Vice-President, Seymour H. Knox). Last week the Marine Trust announced that it would loan money at 6%, without security, to salaried persons. Mr. Mitchell's National City had anticipated Buffalo...
...time, 4%. Then in July when chiefs of the English, French and German central banks of issue visited with Governor Benjamin Strong of the Federal Reserve Bank of New York, (TIME, July 11), men came from Manhattan, according to the Chicago Journal of Commerce, asking that Governor James B. McDougal of the Chicago Federal Reserve Bank initiate a movement (which the other banks might ostensibly follow), to reduce the general 4% rate to 3½%. If money could be borrowed cheaply in the U. S., it could be loaned with profit abroad...
...Governor McDougal and his directors at Chicago kicked the suggestion into their waste baskets. The suggestion was then made to the Kansas City bank, which put it into effect (TIME, Aug. 8). Other district banks followed, until at the beginning of last week only Chicago, Minneapolis, Philadelphia and San Francisco kept to the 4% rate. All the others offered the 3 1/2% rate. Some money that might have gone to Europe was going to the recalcitrant districts...
...James B. McDougal is Governor of the Chicago Federal Reserve Bank...