Word: panic
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
Last week's political impasse sent the franc tumbling to 25 to the dollar. Frenchmen rushed to convert their francs into stable currencies and stable foreign bonds. "A buying panic" ensued-brokers labored late, smiling...
...visited New England in 1775 and about the same calibre as the Santa Barbara shocks last summer. He predicted that the property damage to New England would be great because of the number of buildings on insecure terrain and the vertical architecture, but he looked for most damage from panic. He argued the wisdom of instructing the public in "the amenities of conduct during earthquakes." In the light of prior experience, he roughed out a preparedness program...
...Foremost Patron of tre Arts." Or he might have thought, not without satisfaction, of the banking career whose compact pattern knits these scattered salients. Formerly cashier in a bank in Carlsruhe, Germany, later Vice President of a German bank in London, he came to the U.S. during the panic of 1893, took a job as clerk, and in a few years was helping E. H. Harriman rehabilitate the Union Pacific...
...billion francs of short term "defense bonds" by a 4% "gold loan" (TIME, July 6) has fallen dismally short of expectations. The 67 billion francs of outstanding short term paper has been reduced by less than 5 billion instead of 20. In the event of a panic on these securities, the Treasury and the Bank of France would almost certainly have to take refuge in inflation, which might send the franc crashing to infinitesimals...
Then George F. Baker got his eye on Davison and induced him to become, at 35, his right-hand man, Vice President of the First National Bank. Then came the panic of 1917. Davison was one of the bankers whom J. P. Morgan rushed around to in the dark days. Next year he was made adviser to the National Monetary Commission. Then one day in the fall of 1908, J. P. Morgan called him into his library and announced that he was to become a partner in J. P. Morgan & Co. During the War, President Wilson called upon...