Word: traylor
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...Reserve sought to ease up still further on credit in the U. S., with the sound idea that higher interest rates abroad would attract much-needed funds. It ordered the Chicago bank to reduce its rediscount rate from 4 to 3½%. Chicago bankers, led by famed Melvin Alvah Traylor, head of the powerful First National Bank, dissented sharply, voiced grave warnings. Unheeding, the Federal Reserve forced its way, helped Europe weather its crisis...
Bear. Banker Traylor's warnings have been remembered in the last few months. Since September, Coolidge prosperity has suffered many a blow. One by one, market operators have noted these ominous signs...
...Central Trust Co., Chicago, there was a banquet. Seymour Parker Gilbert, "Dawes plan' administrator, sat down. He was guest of honor. Vice President Dawes, president of the Central Trust Co., sat down. He was host. Samuel Insull, James A. Patten, Alexander Hamilton Revell, Julius Rosenwald, Melvin Alvah Traylor, Silas Hardy Strawn, David Robertson Forgan, Walter Ansel Strong and many another potent, eminent, Chicagoan sat down. And Mayor William Hale Thompson sat down too. He was the guest who caused the most comment-social comment outside of Chicago, because few non-Chicagoans realize that Chicago's "better element" have...
Favor. "Let the Federal Reserve System alone" was a caution wholeheartedly endorsed. Said Melvin Alvah Traylor, retiring president of the Association: "Nothing could be more unfortunate than that there should be further legislative action with respect to our banking system." In the absence of U. S. Senator Carter Glass of Virginia, kept at home through illness in his family, discussion on foreign loans was dropped...
Melvin Alvah Traylor, President, American Bankers' Association, to Alabama Bankers' Association convention at Birmingham: "In former years when it was difficult for people living in outlying communities to get to larger centres, and many towns and villages in sparsely settled regions had to depend more or less upon their own resources, small and under capitalized banks may have been a necessity. At the present time there is no such excuse. The automobile has made it possible for even distant towns to keep in close touch with larger centres and there is no justification, in my opinion...