Word: melvin
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Dates: during 1930-1939
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Last June in Topeka, Kans. Federal agents found one of the purloined certificates squashed in the straw-hat lining of a minor pugilist named Melvin Smith. With this evidence to provide the scent, the Federal operatives relentlessly followed a tortuous trail to Manhattan, to California, to Florida, back to Manhattan, to the Bahamas. Last week, in Manhattan again, the agents came to a full stop. Eight thieves had been put under lock & key, $310,000 of the $590,000 recovered. No. 1 man, whom the G-Men called "one of the shrewdest security thieves in the country," was a shifty...
...Upshot was that Mr. Jones finally persuaded big super-solvent institutions to sell him notes or preferred stock as a patriotic gesture, thereby setting an example for smaller banks to follow. One of the first to do this was Chicago's First National, then headed by the late Melvin Alvah Traylor. Before he was through, RFChairman Jones injected $1,040,000,000 of Government capital into 6,057 U. S. banks and trust companies...
Jesse Jones had previously announced that he welcomed such declarations of independence from RFC. Giving hail & farewell last week to First National's loan stock. Mr. Jones rumbled reminiscently: "As Melvin A. Traylor . . . very properly and aptly said, it was cheap insurance...
...Melvin Leslie Barnet...
...Melvin Traylor did not live to see the solvency his bank evinced last week. First National directors transferred a special $5,000,000 Depression reserve back to surplus, voted to retire $10,000,000 of the $25,000,000 of preferred stock sold to RFC, declared in advance three quarterly payments of $1 each on the common stock, announced that this action established a regular $4 annual dividend rate". It was First National's first dividend since...