Word: sproules
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Fairless lives with his second wife, the former Mrs. Hazel Hatfield Sproul (his first wife died in 1942), and two servants in a rambling red brick, twelve-room house near Ligonier, 50 miles southeast of Pittsburgh. He had known Mrs. Sproul casually for years. In 1944, Fairless' only son Elaine married Caroline Sproul, Mrs. Sproul's only daughter. Three months after Blaine married Caroline, Fairless married her mother, a divorcee...
What's wrong with bankers? The biggest fault, said Allan Sproul, president of New York's Federal Reserve Bank, is that bankers have failed to provide any leadership in solving the social problems of today. They have been too busy lobbying for or against things they thought were good or bad for banking. It is time, Sproul told an audience of bankers in St. Louis last week, for bankers to exchange "the role of pressure groups for the role of banking statesmen." No one in banking speaks with a voice heard by the public. "The banking community...
These Fellows are not bookworms, though. It is interesting to note that soundproofing had to be installed in the dining room to deaden the noise of the lively Monday night discussions. President Robert Sproul of the University of California is reported to have the loudest voice of the guests...
Eccles got strong support from Allan Sproul, president of New York's Federal Reserve Bank...
...root of inflation, Eccles and Sproul agreed, is the vast increase in credit money which has bid up the prices of goods. Although FRB had restricted consumer credit, Eccles said that FRB's powers to control overall credit are "much more limited than is generally believed." The reason, said Eccles, is that U.S. banks, heavily loaded with Government securities, can sell them at any time to the Federal Reserve Banks. As long as the Reserve Banks are compelled to buy them and keep prices pegged at a level, the operation virtually guarantees banks against any loss. For every...