Word: states
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Dates: during 1920-1929
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...Industrialists on the new board include Sewell L. Avery (U. S. Gypsum), Edward F. Carry (Pullman Co.), Robert P. Lament (American Steel Foundries), George A. Ranney (International Harvester), B. A. Eckhart (Eckhart Milling Co.). The new corporation will function under one of those broadminded charters which have made the State of Delaware a financial Gretna Green. Chicago Corp.'s directorate will be virtually unrestricted in its choice of investment fields...
...Glass of Virginia, one of the authors of the Federal Reserve Act (1913). Not mild, however, was the accompanying speech by ponderous Senator Heflin of Alabama. Wall Street, he bellowed, was the hotbed and breeding place of the worst form of gambling that ever cursed the country. The Louisiana State Lottery slew its hundreds but the New York State gambling exchanges were slaying hundreds of thousands. The gambling monster was destroying U. S. homes, was driving U. S. citizens to poverty, to insanity. There must be a stop put to this evil...
...night last week groups of workingmen, mostly Italians, stood at the corner of 109th street and Second avenue, Manhattan, gazing across the street at the windows of the City Trust Co. They wondered what, if anything, their bankbooks might be worth. On the windows were posted notices that the state banking department had taken possession of the bank. Back of the closed doors bank examiners checked books and investments and balances. Perhaps the bank was "broke...
Some of the laborers pointed to gold-lettered window announcements which proclaimed that City Trust Co. was a depository of the U. S. government, of the state and city of New York. Some of the laborers thought that therefore the U. S., the state, and the city were guaranteeing deposits. Others, less naïve, were selling their bankbooks at 50 cents on the dollar...
Utilities Power & Light Corp. serves millions of consumers in 20 states, operates power, gas and electric railway companies. It controls the potent St. Louis Gas and Coke Corp. What it did last week was to purchase the entire common stock of seven British power companies which serve more than 1,000,000 Britishers in 95 English and Scotch communities. Shrewd, diplomatic, the U. S. operators secured the Earl of Birkenhead as the head of their new British interests. Since the Earl of Birkenhead was recently (1919-22) Lord High Chancellor of Great Britain and Secretary of State for India...