Word: trust
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Dates: during 1920-1929
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...Coolidge Special got up steam. Behind it, when it started, would lie a Capital devoid of newsful Governmental activity save for the Federal Trade Commission's lively but long-drawn investigation of the Power Trust...
Senator Norris, who has fought long to keep Muscle Shoals and set it going as a Federal project, declined to respect President Coolidge's unspoken reasons, however, and became bitterly sarcastic. He said: "To have offended this great trust [Power Trust] by approving the Muscle...
Four more New York banks increased their capital structures last week-National City, Chemical National, Bankers Trust and American Exchange-Irving Trust...
...points out that banks used to figure that they must have ten times as much in deposits as they have in capital in order to earn proper dividends on that capital. Now the great New York banks average $8 of deposits, the paper says, to $1 of capital. Bankers Trust with $116,000.000 resources (capital, surplus and undivided profits) and $562,000,000 deposits has a 5 to 1 ratio...
There followed action of amazing and utterly unprecedented speed. Engineers and accountants for both met the very next week in a Detroit hotel. Before each other they placed statistics and reports on every detail of their respective operations. Great businessmen trust each other in such fashion...