Word: pooling
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...effective last week, State banks must set aside 20% of their profits per year until each bank creates an internal fund equal to 50% of its capital stock and surplus and equal to 10% of its daily deposits. Under the old system guaranty was by a common State pool. Under the new system each bank will have to provide its own guaranty or be run out of business...
...National Collegiate records were broken, one was tied, and a brand new mark was established at the opening of the new Harvard swimming pool last night. Ray Ruddy of Columbia and Ted Moles of Princeton were the record-breakers, while August Harms, of Fordham, swimming easily in the 150-yard medley, a new event for the meet, hung up a mark for future mermen to shoot at. Al Schwarts, Northwestern captain and star, twice tied the existing record of 24 seconds flat in the 50-yard dash...
...seventh of the National Collegiate Swimming Championships, which enters upon its two-day program this afternoon in the formal dedication of the Harvard pool, should be the best intercollegiate affair in the history of the meets, according to Harold S. Uhlen, Crimson swimming coach. "We have taken a lot of pains to get the best teams from all over the country, and we feel that the record-breaking nature of the competition will more than justify our efforts," the Harvard mentor told Time Out yesterday...
...lowa and Captain Throndson of Stanford. Other likely competitors are Brooks of Princeton; Walter Grandy, who won at the I. S. A. meet; Nappa of Minnesota; and O'Keefe of Michigan. The 220-yard free style should see Schwartz, who has turned in a record time in a short pool, Clapp, Ruddy, and Ault out in front...
There should be an orgy of record-breaking tonight and tomorrow evening, according to the swimmers who tried the pool for the first time yesterday and found conditions especially fast. . . An international flavor is lent to this N. C. A. A. meet by the presence of F. Munroe Bourne, McGill's star swimmer. He has scored six firsts and one second in college competition this year, and is the first Canadian to participate in an American intercollegiate meet. . . Neils Thorpe, who has been swimming coach at Minnesota ever since the sport was established there ten years ago, is banking heavily...