Word: sponsored
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Dates: during 1930-1939
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Despite this evil-smelling State record Congress was determined to clamp a similar system down on all Federal Reserve member banks, make it optional with nonmember State banks. It was this arbitrary method of forcing big banks to stand sponsor for little banks that outraged Manhattan bankers. Big State banks in New York talked covertly of seceding from the Federal Reserve System rather than submit to such a levy. Even big national banks might exchange their Federal charters for State charters to escape from the Reserve. Such a withdrawal on a large scale might well wreck the whole Federal Reserve...
...that the hideous conditions in British jails consisted in the inability of Horatio Bottomley to obtain his Pommery 1906 and other special privileges. Six dull years of neglect and increasing poverty were followed by sickness, the application for an old-age pension (a bill that Horatio Bottomley M.P. helped sponsor) and the ultimate insult, the offer of ?1 a week from Telephone Jack...
...Trust Co., discovered his mistake. In 1928 he was chosen Governor of the Atlanta Federal Reserve Bank. He lives out on fashionable Peachtree Street in a rambling two-story house on a five-acre lot not far from Washington Seminary, famed girls' school. A good Baptist, he helped sponsor Billy Sunday's Atlanta meetings. A member of East Lake Country Club, he golfs with Robert Tyre Jones Sr. there and also at Highlands, N. C., where both spend the summers. The Black score is in the high...
...White House bargain: Senator Thomas was to drop his own drive for mandatory inflation and sponsor a bill of the President's making which would give the President authority to do any or all of the things demanded by inflationists. President Roosevelt had surrendered in principle to the Thomas school of thought but he had also won a strategic victory. Not only had he changed Senator Thomas into an Administrative ally but he had stripped Congress of the power to inflate recklessly. The White House and one man. not the Capitol and 531 would hereafter fix the currency...
...springily from the wings just before 8:30 p. m., apparently misinformed about the hour of the NBC broadcast, which was 8:45 p. m. He fussed with his beard, rustled his notes and twinkled professionally at Morgan Partner Thomas W. Lament and Banker Jackson Eli Reynolds, present to sponsor and introduce him. At length, when the radiomen, signalled ready and Banker Reynolds made the necessary gestures, the whiskery, long-shanked Irishman arose and began...