Word: banking
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Dates: during 1930-1939
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...Tuesdays, listen to speeches on "How I Came to Jesus," enjoy a half-hour of "Christian fellowship." Most of the Fellows are white-collar workers, with a scattering of executives like Board Chairman James Lewis Kraft of Kraft-Phenix Cheese Corp., Vice President Frank Flagg Taylor of Continental Illinois Bank. Still spark plug of the club is Cartoonist Shoemaker, who contributes drawings to the club paper, lately packed a Tuesday meeting by demonstrating the "Shoescope," a $1,500 contraption which projects his cartoons, as he draws them, upon a screen. The Shoescope is a great attraction in Chicago churches...
Creaky-Greeky Raymond Duncan (expatriate Paris-dwelling brother of the late Isadora Duncan), who so admires Attic culture that he wears a homespun chlamys (tunic) and sandals in all weather and all company, announced to Paris' Left Bank that he gave not one Hellenic hoot for France's war, said he would carry on as usual his courses in antique cloth-weaving, basketmaking, and rhythmics...
...goods, the better chance it has of profit. One way to check rate of turnover is to divide the gross sales of a firm by the value of its inventory. The first component of TIME'S Index is a similar ratio of turnover. It is obtained by dividing bank debits by bank loans; the result is actually a measure of turnover of borrowed capital...
...Federal Reserve Board reports both figures weekly. Bank debits-the total of all checks cashed-account fairly closely for all the business done in the U. S., for even a cash transaction, such as an employer paying off his workmen with currency, is customarily preceded by drawing a check to obtain the cash. Bank loans are not, of course, a direct measure of inventories [because they are also used for plant expansion, payrolls, etc.], but they are an excellent gauge of the trend of inventories, for businessmen customarily borrow when they lay in larger supplies of raw materials, customarily...
...chairman of FDIC. He hired Mr. Crowley through Washington's No. i Big Money employment office, Jesse Jones's RFC, the same office which placed Mr. Crowley's FDIC predecessor, Jones Protege Walter Cummings (TIME, Nov. 27), who heads Chicago's huge Continental Illinois Bank...