Word: tightly
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Dates: during 1930-1939
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Thus as had happened in Nevada last autumn, in Louisiana last fortnight, a banking moratorium was proclaimed this week in Michigan. It shut tight for eight days 530 banks with some $1,500,000,000 in deposits, was the biggest moratorium since the Depression...
Leading New Orleans bankers and State officials went into an all-night huddle. President Hecht, a swart, smallish man with glistening black hair and a thick cropped mustache, was in a tight fix. For years he fought branchbanking as "financial feudalism" and ''economic vassalage." Last autumn when he was elected second vice president of the American Bankers Association, thus assuring him of the presidency in 1935, he ate his words and said: "We cannot stem the tide of economic events." A Bavarian from Ansbach, he learned banking in Chicago, went to the Hibernia 26 years...
Grant's match in the State squash championship race was the highlight of the weekend athletic events. Defeating Patterson of the Business School, 3-2 in a tight five-game match, he is the worthy successor to Beekman Pool '32, who has won this tournament for the last two years, and who just won the New York State crown...
Chicago's Stevens family hates publicity. And until last November when Stevens-controlled Illinois Life Insurance Co. tumbled into receivership with $150,000,000 in policies and $13,000,000 in Stevens-owned hotel mortgages frozen tight in its portfolio, the Press let the Stevenses pretty much alone. Since then their financial doings have blossomed into a major Chicago scandal. Last week auditors told the receiver just how much these doings had cost Illinois Life-$12,456,409, about one-third its assets...
...receiving deposits brought in from the suburbs, cheerfully paying out cash to all who asked. One by one the little banks went crashing to the wall. On Monday of this week eight failed to open for business, making the total 16. Deposits of $12,000,000 were tied up tight. In the last batch to go was the Scruggs, Vandervoort & Barney Bank, affiliated with the famed department store. The outlying banks that still remained open clamped down withdrawal restrictions, invoked the notice rule on savings deposits...