Word: overdrafting
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...mean there was-er-er-no definite agreement. "We are in it," was one of those things amongst gentlemen. . . . Another matter that caused Mayor Walker embarrassment was the $10,000 letter of credit he and his friends got for a European junket in 1927. Governor Roosevelt: You had an overdraft in Paris for $3,000 drawn by you on the Equitable Trust Co.? Mayor Walker: It was really a draft by Senator Downing [Walker friend] in my name. Governor: In effect it was a promise to pay $3,000 on your part? Mayor: Well, technically yes. Governor...
...European trip's expenses with $3,000 in cash. The junket's finances, he understood, were handled by Rodman Wanamaker (dead) and State Senator Bernard L. Downing (dead). The Mayor was even unaware, he said, that J. Allan Smith had paid for the $3,000 overdraft...
...before his signature made the franchise effective, the syndicate's "entertainer," one J. Allan Smith, bought the Mayor's $10,000 letter of credit. Next day the Mayor sailed for Europe on a junket which proved so costly that Mr. Smith had to settle an overdraft...
...that darker "murderous destructiveness which makes people go on destroying themselves when they've nothing better to destroy." Most guileless, most amusing, is the tale of Oswald, "the compleat bachelor," who longs only for a continuance of slippered ease and financial assistance from his dominating aunt. An overdraft at the bank sends him to her for help. She, concerned that he is not advancing in a "career," gives him hark-from-the-tomb. To pacify her, Oswald, to his own horror, suggests that he become a literary man. Desperately he begins to twiddle with...
...charge, sentenced for seven to nine years. In October he will be eligible for parole. TIME also said that the Ponzi collapse brought down several Boston trust companies. Biggest of the closing institutions was Hanover Trust Co., closed Aug. 11, 1920. Shortly before its suspension Ponzi ran up an overdraft of $441,000 in his checking account, although he had a large time deposit. His interest in the bank was more than, that of a customer: he owned 1,575 shares in the bank...