Word: solvents
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...banks they were absolutely essential," declared A. S. Dewing '02, professor of Finance in the Business School, in an interview last night. "When a few banks failed in the Middle West, merchants in the districts affected, immediately sought to draw all their funds from the banks which still remained solvent, and this contagion for withdrawal spread throughout the country until moratoriums became unavoidable if whole areas were to be saved from financial ruin. New England is not one of those areas,--it is in better condition than any other part of the nation...
...April Mr. Young was attempting to prevent Mr. Insull's bank creditors from closing in on him. His desire was to keep the Insull structure solvent because a failure "might impair the credit of utilities everywhere, and when you impair the credit of utilities you impair their buying power from the General Electric...
...Treasury has no power to suspend mortgage foreclosures by solvent national banks...
...Macomb. Ill., Macomb National Bank was forced to issue a hurry call for money. The bank was solvent, but heat had swelled the vault door so it would not open...
...proved a stubborn foe. Like the multiple-headed Hydra, no sooner is one head chopped off when another grows out. [Hoover's] creating jobs did not solve the unemployment problem. His stopping immigration did not give every American a job. His banking reforms did not make every bank solvent. His farm measures did not pay off the debt on every farm. But [his] tactics saved the day. We have prevented disorders, riots, social upheavals. We have cared for the needy, we have averted panic and catastrophe. . . . The United States is tranquil, solvent and confident...