Word: trusting
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Dates: during 1920-1929
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...French Government abandons in principle though retaining temporarily the irksome quota system under which U. S. cinemakers have to buy one French film for every seven U. S. productions they sell in France, thus obliging them virtually to subsidize the French Cinema Trust...
...films in France until this threat was removed. As a result hundreds of French exhibitors have been losing money all summer, since their patrons would not come in paying numbers to see U. S. films left over from last winter or the distinctly inferior products of the French Cinema Trust. Last week's truce was no sooner signed than representatives of all the big French exhibitors rushed to make new U. S. bookings, showed by enthusiastic comments that they are gladdest of all that Cineman Sapene got a pie-in-the-face...
...George Franklin Rand, president of The Marine Trust Co. of Buffalo, last week brought the culmination of a long held ambition. To the new era of U. S. chain banking it brought the greatest development yet recorded...
...Buffalonians knew little of Junior Rand except that he was 27, had worked in all the departments of his father's bank, served in the Y. M. C. A. during the War. Of this obscurity Banker Rand quickly divested himself. That year he became assistant secretary of The Marine Trust Co., the next year vice president. In 1921, anxious to show he could do something for himself besides running his father's bank, Mr. Rand with some young friends acquired an interest in the Buffalo Trust Co. He was made president, soon opened many branch offices, piled up resources...
Besides the immediate acquisition of 16 banks in the state of New York,* the Ma rine Midland Corp.'s sponsors will make a public offering of stock to finance a $25,000,000 subsidiary bank to be known as the Marine Trust Co. of the City of New York and located in the financial district. While no announcement was made of how much stock would be sold to the public, trading in Marine Midland commenced on the New York Produce Exchange, the stock selling at more than 20 points over the rumored offering price of $60 per share...