Word: trusts
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Dates: during 1920-1929
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Officials of both the Harvard Trust Company and the Cambridge Trust Company told a CRIMSON reporter yesterday that, while cases of forged checks are exceedingly rare, a large number of overdrafts mar the banking records of University students. "Easy come and easy go is the rule for most college men as far as money is concerned." "The average undergraduate has never had a checking account in his life before, and he can't keep it straight. As a rule he does not know whether his balance is $20 or 10 cents." These were a few of the comments made...
...Cambridge Trust Company complained particularly of counterchecks. Large numbers of them are written hurriedly, cashed, and then completely and serenely forgotten. Only one case strictly beyond accepted ethical standards was cited. That was an emergency budget measure adopted by a Harvard student last year. After he had boldly written checks until the bank was swamped, he came in with a handful of them, marked "No Funds," and declared that they were forgeries. A couple of days in jail however convinced him that he must have written them after all, and he confessed...
Shortly before the holidays a mysterious donation of $5000, in the form of a check on a Columbus, Ohio, bank was received by Graduate Secretary W. I. Tibbetts '17. No letter, of explanation accompanied the gift, and it was with some misgivings that he sent it to the Cambridge Trust Company for collection. In due course of time the Columbus bank reported that its only knowledge of the matter was through the receipt of similar checks made out to a score of Y. M. C. A. organizations all over the country. No trace of the anonymous philanthropist could be found...
Died. Nathan Bay Scott, 81, Republican Senator from West Virginia (1899-1911), President until a year ago of the Continental Trust Co., Washington, D. C., since 1888 West Virginian representative on the Republican National Committee, of heart disease, at Washington...
...Reparations Commission invited General Charles G. Dawes, founder and head of the Central Trust Company of Illinois, to act as chairman of the commission which is to investigate German finance (TIME...