Word: unsounded
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...were sold in the market at a discount amounting to an interest rate of .375% (compared to .22% on Treasury bills). *The Chamber also issued a pamphlet quoting without comment from two of Grover Cleveland's messages to Congress: "At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortunes of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage-earner-the first to be injured by a depreciated currency and the last to receive...
...failure to reopen after the March holiday, that was clearly Detroit's own fault, said the Senator. Treasury officials were refusing to grant clean bills of health to any unsound bank and Detroit had been unable to agree on a reorganization plan. It was poppycock to claim that the banks were and still are solvent, snorted the Senator; months before they closed their solvency "was a matter of question"; if First National had written off the $49,000,000 that Federal examiners labeled losses, it would have been "hopelessly insolvent" in May 1932. Asked why the bank...
...banks to save the depositors of banks already weak. Wherever it has been tried* it has been a disastrous failure. Hence few bankers are in favor of it. Last week the president of the American Bankers Association urged his members to ask President Roosevelt to veto the bill as "unsound, unscientific, unjust and dangerous...
...banks in Manhattan having 22% of all deposits of U. S. member banks will have in future to pay 22% of the amount assessed against all banks for deposit losses everywhere. They, with good reason, look on deposit guarantee as a tax on sound banking for the benefit of unsound banking...
...Trade Commission registration can be revoked for fraud, insolvency, dishonest advertising or unsound business principles...