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He was a banker heart and soul, and he did not at all relish the idea of any withdrawal of the bank's resources, however firm that establishment might stand. "It's rather a large amount of capital to withdraw from the business," he said, rubbing his chin, thoughtfully. "I suppose the bank can afford it!" Mr. Dunbar exclaimed, with a tone of surprise. "Oh, yes; the bank can afford it well enough.
With the charge before it, the grand jury quickly brought in a true bill against me; and on the plea of the county prosecuting attorney my case was advanced on the docket and set for trial within the week, the argument for haste being the critical state of affairs in the business of the Farmers' Bank of Glendale; a state of affairs which demanded that the responsibility for certain shortages in the bank's assets be fixed immediately as between the accused bookkeeper and cashier and his superiors.
Of course, one is supposed to give reference, even if introduced. Although I had no acquaintance with this bank's methods, yet I was confident that all those at the top must be a stupid lot of red-tape sticklers, and I resolved to do my business with them alone.
The two gentlemen I have already mentioned, C. Bank and J. Schladebach, had, as I now know, first taken up their regular abode in Dresden at that time; I know that when difficulties were raised about the permanence of Bank's appointment, they were waived, owing to the testimonials and recommendation of my present colleague Reissiger.
Gorman," said Ascher, "we shall wait for Mr. Mildmay's report on your brother's invention. If it turns out to be favourable, as I confidently expect, we may have a proposal to lay before you. Our firm cannot, you will understand, take shares in your company. That is not a bank's business. But I myself, in my private capacity, will consider the matter. So will Mr. Stutz.
It is this same inevitable Charles Darwin who says that a man may be made more unhappy by committing a breach of etiquette than by falling into sin. If Millard had embezzled a thousand dollars of the bank's funds, could he have been more remorseful than he is now?
"That looks like a sure thing," Roswell said, finally. "As sure as anything in oil can be. What is on your mind?" "I'd like to get the opinion of the bank's oil expert," Gray told him. This was a matter easily disposed of; the expert was summoned and he rendered a prompt opinion. He knew the property; he considered it a cheap lease at a thousand dollars an acre.
He's been losing ground ever since." The clerks gradually disappeared, quietly slipping out into the sunshine one by one as their books were balanced, and now the two men stood alone. It was a time used by them for taking account of the bank's affairs generally, and they felt the stability of that institution to be quite personal to them. "I've seen that young man before," said Mr. Copeland.
When he wanted to be Comptroller of the Currency under Cleveland he declared in an interview that Cleveland was "the greatest man since Jesus Christ." He denied that he was a National banker with his name on the bank's stationery. He denounced Cleveland for calling out the troops to suppress Debs.
To induce a bank to choose to make prudent investments, the bank must have sufficient franchise value at risk ... Capital requirements also have a perverse effect of increasing the bank's cost structure, harming the franchise value of the bank ... Even in an economy where the government can credibly commit not to offer deposit insurance, the moral hazard problem still may not disappear."
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