Word: midlands
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...Board by Vice Governor Edmund Plate, Poughkeepsie publisher, onetime (1913-21) Congressman. Last week the President was pictured as trying to "circumvent" the law in such a way as to get Mr. Meyer on the board. Circumvention, however, was unnecessary when Vice Governor Platt conveniently resigned to join Marine Midland Corp., thus making way on the Board for Mr. Meyer. (Prohibited by law from taking a bank job, Mr. Platt can nevertheless serve the potent Buffalo-centered holding company which owns many a bank...
Scanning the signatures on last week's antitariff manifesto, observers noticed that it had been signed by directors of such paramount British banks as Lloyds, Westminster and Midland, then recalled with a start that other directors of these very same firms signed the pro-tariff "Banker's Manifesto" which created such a rumpus just two months ago (TIME, July 14). Inescapable conclusion: Britain's bankers, famed as the most clannish in the world, have found an issue which splits like an axe even their own offices...
...Reginald M'Kenna, chairman Midland Bank...
Lord Ashfield, director Midland Bank...
...British bankers, led by Midland Bank's famed Reginald M'Kenna, did an exactly opposite thing, came out in favor of building a tariff wall around the Empire. Up to last week, so far as anyone knew, they were Free Traders. Mr. M'Kenna is a Liberal and the Liberal party is pledged to Free Trade. Mr. M'Kenna was Chancellor of the Exchequer in Asquith's Coalition Cabinet (1915-16), a Free Trade affair. True, Mr. M'Kenna was the author of that half-hearted levy on imported products, the "M'Kenna duties," but they were carefully disguised...