Word: depositors
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Dates: during 1930-1939
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Since then he has stopped making loans altogether, presumably will not make one so long as Franklin D. Roosevelt is in the White House. He refused to take any new checking accounts, offered a good pencil to any depositor with an account of $100 or less who would close it out. He wrote down $24,000 worth of Federal Reserve stock to the insulting figure of 10?. When the temporary Federal Deposit Insurance plan went into effect he became the only Federal Reserve member to hold...
Racketeer Canarelli has been a big depositor in Littenham's bank, and when the U. S. goes off the gold standard and Littenham takes advantage of the days of grace to ship all his gold to Canada by airplane, Canarelli naturally wants a cut. In the ensuing lawsuit, held in Megapolis, Littenham's lawyer argues "that it was a fact, proved by precedent, that American millionaires were not citizens of the United States but were autonomous powers coordinate with the federal government. That they therefore could not be arraigned and tried before the national courts but were subject...
...week that the Democratic Party assembled in Chicago to nominate Franklin D. Roosevelt in 1932 was the worst Depression week in Chicago banking. Nervous depositors swarmed into even the biggest Loop banks, demanded their money. Runs hit good banks and bad alike. That was the week that Charles Gates Dawes negotiated his notorious $90,000,000 RFC loan for his now defunct Central Republic. Long queues in the main banking rooms of First National were not dispersed until President Melvin Alvah Traylor addressed the crowd, explaining that he had enough cash for each & every depositor, that First National had weathered...
...Belgian-born, Rev. Cyril Stevens, 65, has for 21 years been pastor of small Ticonderoga's only Catholic church, St. Mary's. When Ticonderoga's National Bank looked shaky during the Bank Holiday of 1933, Father Stevens it was-his church being a stockholder and large depositor-who singlehanded saved the bank. The small, dynamic priest buttonholed Ticonderogans, bluntly demanded or cleverly cajoled contributions. Today Ticonderoga National Bank has some $1,000,000 in assets. In gratitude its directors elected Father Stevens to their board, made him honorary vice president. Fortnight ago the bank's President...
...trials a necessity. In many cases, although state laws required periodic bank examinations, inspectors were inefficient in their duties and the laws governing investment of deposits not stringent enough. This crisis in banking has impressed the public with the realizations that a bank inspection cannot be superficial if the depositor is to be adequately protected. The general laxity of banking laws made it easy for the czars of high finance to indulge their drunken greed in the field of shady manipulations. It is true they are returning to sobriety in the prisoners' dockets of our courts, but the morning after...