Word: yorke
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Dates: during 1930-1939
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About the current state of the New York Stock Market, whose six-week decline has been attributed by many to thinness of trading brought on by SEC regulation, Chairman Douglas dropped several broad hints: "From time to time we hope to be able to get at the root of market trends. If it is natural, economic forces, that is one thing. If it is artificially caused, that is something else. You should remember that we are not interested in prices as such. . . . We want a free market, and prices will always go up & down in a free market, depending upon...
...hard a job as anyone could ask from 1929 to 1934 was being New York State Banking Superintendent. Not only were the finances of the world tottering as never before but the office's morale and reputation had been shattered because the previous incumbent, Frank H. Warder, had been convicted of accepting a $10,000 bribe. Sitting in the saddle of this banking bronco, however, was brisk, hard-working Joseph A. Broderick. He did his job well enough so that when he was indicted on charges of neglect of duty in connection with the failure of New York...
...native, for Mr. Broderick in 1914 served on the committee which helped organize the newly formed Federal Reserve System and was the Board's first examiner. In 1919 Banker Broderick resigned from the Federal Reserve to become vice president of the National Bank of Commerce in New York. Last week 55-year-old Banker Broderick took his second leave of the Federal Reserve. Apparently still enjoying Mr. Roosevelt's confidence but not his $15,000 salary, Mr. Broderick accepted the presidency of Manhattan's potent East River Savings Bank, a job vacant since the death of President...
...State of the Union, prime topic last week was the timeless question-How is Business? But it was not put in the usual form of a casual greeting. Not only had business failed to develop a normal autumn spurt: it was definitely on the down grade. The New York Times weekly business index has dropped steadily from above in. its Recovery high registered in the middle of August, to less than 105, lowest since last February. Everyone had heard disturbing tales of layoffs, close downs, price cuts, sudden cancelations, ominous inventories, dwindling backlogs. And if the stockmarket were any indication...
Died. The Very Reverend William Foxley Norris, 78, Dean of Westminster since 1925; in London. Dean Norris, whose parish church was Westminster Abbey. was an able amateur painter, won honors exhibiting at the Royal Academy. As Dean of York he raised ?50,000 for the restoration of the famed York Minster windows; as Dean of Westminster he raised a scandal by criticizing some of its memorials as "atrocities." Last spring as Dean, he organized the ecclesiastical ceremonies at the coronation of George...