Word: trusts
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Dates: during 1920-1929
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...peasants show a manifest hesitation to trust the Fascist declarations that augmented population is needed as part of Mussolini's intended policy of home colonization. I hear that the peasant population is pressing for a pledge that their children, actual and prospective, will not be used to bolster any policy of military adventure...
Perhaps inspired by the investment trust activities of their potent fellow citizen, Arthur Cutten of the Board of Trade, a group of Chicago capitalists organized, and last week announced, Chicago Corp., a $60,000,000 midwest investment trust. The directorate of the new corporation is of the top stratum of Chicago's financial world. Packers are represented by Edward F. Swift, vice president of Swift & Co., and F. Edson White, president of Armour & Co. Merchants include George B. Everitt, president of Montgomery Ward and James Simpson, president of Marshall Field. The present Marshall Field conducts the investment house, Field...
Every night last week groups of workingmen, mostly Italians, stood at the corner of 109th street and Second avenue, Manhattan, gazing across the street at the windows of the City Trust Co. They wondered what, if anything, their bankbooks might be worth. On the windows were posted notices that the state banking department had taken possession of the bank. Back of the closed doors bank examiners checked books and investments and balances. Perhaps the bank was "broke...
Some of the laborers pointed to gold-lettered window announcements which proclaimed that City Trust Co. was a depository of the U. S. government, of the state and city of New York. Some of the laborers thought that therefore the U. S., the state, and the city were guaranteeing deposits. Others, less naïve, were selling their bankbooks at 50 cents on the dollar...
...bank examiners issued no premature estimate of possible losses. City Trust Co., with its main offices and four branches, had deposits of $7,300,000. Its president, F. M. Ferrari, had died Feb. 2. There followed rumors of bad investments, of unsound conditions. It will be months before definite announcement of settlement will be made. Meanwhile depositors have only the comfort of knowing that their demands will be satisfied before those of stockholders...