Word: young
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Dates: during 1920-1929
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Governor of the Federal Reserve Board is Roy Archibald Young, 47, solid, capable, popular. When the announcement was made his words were few and cryptic: ". . . [We] have considered how the resources of the Federal Reserve System might best be conserved and made available to meet autumn requirements. The problem has presented difficulties because of certain peculiar conditions." The increased rate was not adopted however for the Reserve Banks of Chicago or Philadelphia...
What the "peculiar conditions" were he did not say. But they obviously included the English situation, easier credit needed for moving the fall crop. Stock Market excesses, high call money rates. For Governor Young to have been explicit would have been untraditional. Because it is impossible to make a complete statement taking into consideration every factor discussed, the Federal Reserve Board makes no explanations, merely presents the simple fact of its decisions...
...wealthiest, most business-like nation, are a majority of the world's outstanding businessmen. Their leader, by implication, is leader among businessmen of the world. Last week at the Harvard Business School more than 200 students, from 27 states and three foreign countries, chose Owen D. Young, board chairman of General Electric Co. and Radio Corp. of America, chairman of the second Reparations Conference, as "the one outstanding American businessman...
Second with 42 votes, ten less than Mr. Young, came Automan Henry Ford. Secretary of the Treasury Andrew William Mellon, onetime coal, iron, aluminum, whiskey tycoon, was third with...
...sons inherited the banks and 10,000 acres of land. Clyde Brenton has no children of his own, so he adopted Harold, his nephew, who, now 30, married and father of two children, is the sole heir to the Brenton fortune. Harold's hobby is the Iowa Young Men's Christian Association. He is to be vice president of the new bank, his father the president...