THOSE who desired to do so could have seen the “Money Power” in action at the Hotel Commodore, New York City, in the week beginning October 2, the occasion being the forty-eighth annual Convention of the American Bankers’ Association. There are those who entertain a very low opinion of the “Money Power,” attributing to... continued
Better Wages and Higher Prices
August 5, 2011 By Leave a Comment
A Living Wage In discussing the demand of organized labor for what is termed “a living wage,” a return to the workers of a share of their product sufficient to maintain themselves and families in moderate comfort and to accumulate modest savings for their old age, it is commonly taken for granted by the employing interests that any and ... continued
Business of a Bank
January 1, 2011 By Leave a Comment
A bank’s success is due to the success of the community it serves. A bank’s willingness to help may be in its own interests primarily, but, whatever the motive, this help benefits the customer just the same. And the services a bank can render are manifold. First of all, a bank is the safest depository for money, for cash in the form of ... continued
Austria is Dying – Part 2
December 25, 2010 By Leave a Comment
Austria might last several months if the Government could pay its two hundred and sixty-odd thousand employees. It doesn’t seem able to print money fast enough to allow them to meet their living expenses. Cost of living has gone up so that a taxi ride costs 50,000, a dinner 75,000, a pair of shoes 300,000 crowns. The Government issues index n... continued
France wants Gold – not Paper Money
November 26, 2009 By
With the firmness of the money market the only disturbing factor in the present financial situation. Wall Street has been somewhat concerned over reports from Paris that the Bank of France will convert a material portion of its enormous holdings of foreign exchange into gold. Withdrawal of the metal from this country immediately narrows the credit ... continued
Allocation of English Shares in Ford Motor Company
November 25, 2009 By
THE Henry Ford publicity service, which may or may not consist entirely of Mr. Ford himself, functioned splendidly during the recent dispute over the allocation of shares in the new Ford Motor Company of England, Ltd. It was announced that Mr. Ford would prevent the hogging of the issue by Americans by allotting forty per cent of the shares to Brit... continued