Word: banking
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Dates: during 1920-1929
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...arsenal contained two machine guns, numerous rifles, automatics, tear gas bombs, bottles of nitroglycerin. A trapdoor under a rug led to a hidden room with an emergency exit. In a closet were found bonds worth $319,850, part of which were identified as loot from a recent Jefferson, Wis., bank robbery. Questioning "Mrs. Dane," officers learned that Dane was none other than Fred Burke, alias Thomas Brook, alias "Cornbread" Burchell, alias Camp, Kemp, Kemper, deadliest of Alphonse ("Scarface Al") Capone's Chicago gangsters...
...Chicago's famed St. Valentine's Day massacre (TIME, Feb. 25). To him are attributed at least four other murders, among them the killing of Brooklyn Gang King Frank Uale (TIME, July 9, 1928). The Federal government and six States want him for shootings or bank banditry. Rewards between $60,000 and $75,000 (depending on the number of convictions obtained) are set on his head. The underworld "grapevine" reported that potent underworldlings would pay double that amount for his delivery to them. In full cry detectives and gangsters deployed for a mid-continent man hunt...
Always an able seizer of opportunities, General Escobar tapped the Bank of Montreal in Mexico for $108,000 before his revolution, sent the money to the U. S. where opportunities are brightest...
...When Guaranty Trust Co. merged with National Bank of Commerce (TIME, March 11) chairman of the combined organization and responsible for the details of consolidation was James Strange Alexander, for 44 years with the Bank of Commerce. Last week Banker Alexander, 64, announced that, in business 50 years, he would retire...
Merger. There is many a venerable bank which only after years of business considers a merger. But last week directors of Underwriters Trust Co. of New York, three weeks old, admitted they were already discussing a merger with the two-year-old Sixth Avenue Bank...