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...Congress failed to renew the charter of Manhattan's original (and real) Bank of the United States. Encouraged by the withdrawal of Government competition, powerful men in Manhattan contemplated founding new banks. In 1812 two were launched. One was Bank of America, whose first president was Oliver Wolcott, onetime (1795-1800) Secretary of the Treasury. Its capital was $6,000,000, its office on the corner of Wall & William Streets. The other was National City Bank, started with $800,000 in capital...

Author: /time Magazine | Title: Business: Tale of Two Banks | 10/12/1931 | See Source »

...ship-shore licenses because of its parent company's law violation. RCA-Victor declared it would have to cease television experimentation if the Commission ruled against it. Summing up for RCA, Louis Titus, chief attorney, declared an "unspeakable disaster" would follow the Commission's refusal to renew RCA licenses. His prime legal argument was that Congress meant to put off the air as unfit only those who criminally violated the Sherman Act, not those who merely broke the civil provisions of the Clayton...

Author: /time Magazine | Title: National Affairs: RPA v. RCA | 6/29/1931 | See Source »

...occasions in the year that Harvard's alumni gather together begins today with the meeting of the Associated Harvard Clubs in St. Louis. As at commencement time, when the Alumni Association meets in Cambridge, there is here sufficient opportunity for Harvard's graduates to renew their acquaintance with their alma mater and to take up in serious discussion some of the problems confronting the University and alumni alike. Although major decisions as to Harvard's policy are not in the hands of the alumni, their thorough knowledge of the task of the administration is desirable...

Author: NO WRITER ATTRIBUTED | Title: THE HARVARD ALUMNUS | 5/14/1931 | See Source »

...other pictures advertising next year's performances. Gossip forthwith spread to the effect that she had been ousted because Mrs. Insull does not like her, has long urged President Insull to end her contract. A year ago, the report went out, Mary Garden said she would not renew her contract and President Insull was glad to take her at her word, particularly after the expensive production of Hamilton Forrest's Camille (TIME, Dec. 15) turned out a failure. Already vacationing on the Riviera, Singer Garden had no comment to make on Chicago's gossip. Only hint...

Author: /time Magazine | Title: Music: Dickens Operetta | 4/27/1931 | See Source »

...earnestly hoped that all of the old Friends will renew their subscriptions and that many new Friends will join the ranks. There are no formalities or restrictions as to membership. Graduates or non-graduates, women or men, are all welcome to join. Subscriptions have ranged from $5 to $1,000, and all gifts are gratefully received. They all help the Harvard, Library to keep its rank as the largest university library in the world...

Author: NO WRITER ATTRIBUTED | Title: "The Friends of the Library" Organization to Increase Number of Valuable Books in Widener | 3/14/1931 | See Source »

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