Word: mcfadden
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Dates: during 1920-1929
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...offices at Washington while Congress was McNary-Hauging. For this Mr. Dawes was roundly scored by Chicago business friends. The explanation was that Mr. Dawes, smart politician, traded his support of the McNary-Haugen bill-which he felt sure President Coolidge would veto-for reciprocal Senate support of the McFadden Branch-Banking bill, which became...
...buttress to the banking strength of the nation is the McFadden act, whose principal paragraph is the permission granted to national banks to maintain branches. Last week Comptroller of the Currency J. W. Mclntosh announced that national bank resources equalled $27,213,824,000-the largest amount reported on record. This was due, said Mr. Mclntosh, to the McFadden...
...prohibition should be the main issue of the 1928 campaign, he little realized how far-reaching would be some of the effects of his statement. The idea of non-enforcement of the constitution affects different people in different degrees. Some write their congressman, some tell the family what Bernard McFadden said about it this morning, and some are merely reminded to get a new corkscrew next time they are down in the market district. But to the members of the Women's National Committee for Law Enforcement the message of Senator Borah is a clarion call. And so they prayed...
...very same men? the brothers Reynolds?George McClelland Reynolds the elder and chairman of the boards of both banks, and Arthur Reynolds, younger by three years and president of both. Practically, the same banks were one Continental & Commercial institution; legally they were separate, for until the passage of the McFadden Branch Banking act by Congress last session (TIME, Jan. 31), national banks might not function as trustees. Banks incorporated under state laws might do so?a condition which drove national banks to subterfuge. They created separate incorporations of what might have been their trust departments...
Under the liberties of the McFadden act, the Continental & Commercial banks might merge. Last week they did so; pooling resources of nearly $640,000,000. Chicago now has the sixth largest bank in the U. S.* But Chicago must break a habit learned in 1910 when the Commercial National Bank consolidated with the Continental National Bank to form the Continental & Commercial National Bank. After Dec. 1, Chicago will be obliged to say Continental National Bank & Trust...