Word: wiggins
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...National City was biggest U. S. bank long before its resources reached $1,000,000,000 in 1919. The sobriquet, "Billion Dollar Charlie," became current when its deposits reached that figure in 1926. Though its assets increased to more than two billion, it was surpassed by Albert Henry Wiggin's Chase in 1930. Last December assets of Chase were $1,856,290,000; of National City...
...standstill, originally a six-month affair, was extended to 18 months last February. Last week the creditor Bankers' Committee, chairmanned by Manhattan's genial', astute Albert Henry Wiggin, signed an agreement prolonging the standstill to 30 months, until Feb. 28, 1934. In return for their signatures the Wiggin...
...broad report on German conditions last week the Wiggin Committee found that "markedly greater ease in the financial situation has arisen, largely from the return [to circulation] of hoarded banknotes representing nearly 1,000,000 reichsmarks [$238,000,000]." This greater ease was reflected, the Committee noted, in the Reichsbank's ability to close 1932 with a discount rate of only 4% as against 8% the year before...
...measures undertaken to cope with her internal difficulties, as well as in her adjustments to external developments," concluded Chairman Wiggin & Committee, "Germany has shown impressive results. These have come not only from the effectiveness of the plans themselves, but also from the steady co-operation of the Government, the Reichsbank and the business community. Underlying all has been the continued support by the masses of the people, who, schooled in bitter experience, willingly support a program which negatives any cheapening of the currency or any impairment of the gold basis of that currency...
Alfred Hugenberg proved more tractable toward the Wiggin commission now in Berlin. German delegates presented an ingenious scheme whereby U. S. banks with stillstand credit in Germany will be allowed to draw 3,000 marks monthly ($714) from this credit, in the form of travelers' checks which in turn they can sell to U. S. tourists at cut rates, thus encouraging tourist traffic, helping German industry...