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Union Banking Corporation
The Union Banking Corporation (UBC) was a banking corporation in the US. Founding member and one of its seven directors was Prescott Bush. The banks assets were seized by the United States government on October 20, 1942, during World War II under the U.S. Trading with the Enemy Act and Executive Order No. 9095. Seizure According to an October 5, 1942, report from the Office of Alien Property Custodian, Union Banking was owned by Bank voor Handel en Scheepvaart N.V., a Dutch bank. The memo from August 18, 1941, states "My investigation produced no evidence as to the ownership of this Dutch bank." The Dutch bank was alleged to be affiliated with United Steel Works, a German company. Fritz Thyssen and his brother, Heinrich Thyssen-Bornemisza, had the Dutch bank and the steel firm as part of their business and financial empire according to the government agency. Fritz Thyssen resigned from the Council of State after November 9, 1938 ''Kristallnacht'', was arrested in 1940, an ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in ...
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Heinrich, Baron Thyssen-Bornemisza De Kászon
Heinrich Thyssen (31 October 1875 – 26 June 1947), after 22 June 1907 Heinrich Freiherr Thyssen-Bornemisza de Kászon et Impérfalva, was a German-Hungarian entrepreneur and art collector. Biography Thyssen was born in Mülheim an der Ruhr, the second son of German industrialist August Thyssen. Heinrich Thyssen had abandoned Germany as a young man and, after studying chemistry at the University of Heidelberg and philosophy at the University of London and obtaining a doctorate, he settled in Hungary in 1905 and married Baroness Margit Bornemisza de Kászon et Impérfalva ( Csetény, Veszprém, 23 July 1887 – Locarno, 17 April 1971) in Vienna or Budapest on 4 January 1906 and became a citizen of Austria-Hungary. In Vienna on 22 June 1907 he was adopted by his father-in-law, Baron Gábor Bornemisza de Kászon et Impérfalva (Kolozsvár, 20 April 1859 – Budapest, 21 April 1915), the King's chamberlain who, having no sons of his own, adopted Heinrich. The Emperor Franz Joseph I ...
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1950s Disestablishments In The United States
Year 195 ( CXCV) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Scrapula and Clemens (or, less frequently, year 948 '' Ab urbe condita''). The denomination 195 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus has the Roman Senate deify the previous emperor Commodus, in an attempt to gain favor with the family of Marcus Aurelius. * King Vologases V and other eastern princes support the claims of Pescennius Niger. The Roman province of Mesopotamia rises in revolt with Parthian support. Severus marches to Mesopotamia to battle the Parthians. * The Roman province of Syria is divided and the role of Antioch is diminished. The Romans annexed the Syrian cities of Edessa and Nisibis. Severus re-establish his ...
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1924 Establishments In New York (state)
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ...
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Banks Established In 1924
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Defunct Banks Of The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Concentration Camps
Internment is the imprisonment of people, commonly in large groups, without charges or intent to file charges. The term is especially used for the confinement "of enemy citizens in wartime or of terrorism suspects". Thus, while it can simply mean imprisonment, it tends to refer to preventive confinement rather than confinement ''after'' having been convicted of some crime. Use of these terms is subject to debate and political sensitivities. The word ''internment'' is also occasionally used to describe a neutral country's practice of detaining belligerent armed forces and equipment on its territory during times of war, under the Hague Convention of 1907. Interned persons may be held in prisons or in facilities known as internment camps (also known as concentration camps). The term ''concentration camp'' originates from the Spanish–Cuban Ten Years' War when Spanish forces detained Cuban civilians in camps in order to more easily combat guerrilla forces. Over the following de ...
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Sanatorium
A sanatorium (from Latin '' sānāre'' 'to heal, make healthy'), also sanitarium or sanitorium, are antiquated names for specialised hospitals, for the treatment of specific diseases, related ailments and convalescence. Sanatoriums are often located in a healthy climate, usually in the countryside. The idea of healing was an important reason for the historical wave of establishments of sanatoriums, especially at the end of the 19th- and early 20th centuries. One sought for instance the healing of consumptives, especially tuberculosis (before the discovery of antibiotics) or alcoholism, but also of more obscure addictions and longings, of hysteria, masturbation, fatigue and emotional exhaustion. Facility operators were often charitable associations such as the Order of St. John and the newly founded social welfare insurance companies. Sanatoriums should not be confused with the Russian sanatoriums from the time of the Soviet Union, which were a type of sanatorium resor ...
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Kristallnacht
() or the Night of Broken Glass, also called the November pogrom(s) (german: Novemberpogrome, ), was a pogrom against Jews carried out by the Nazi Party's (SA) paramilitary and (SS) paramilitary forces along with some participation from the Hitler Youth and German civilians throughout Nazi Germany on 9–10 November 1938. The German authorities looked on without intervening.German Mobs' Vengeance on Jews", ''The Daily Telegraph'', 11 November 1938, cited in The name (literally 'Crystal Night') comes from the shards of broken glass that littered the streets after the windows of Jewish-owned stores, buildings and synagogues were smashed. The pretext for the attacks was the assassination of the German diplomat Ernst vom Rath by Herschel Grynszpan, a 17-year-old German-born Polish Jew living in Paris. Jewish homes, hospitals and schools were ransacked as attackers demolished buildings with sledgehammers. Rioters destroyed 267 synagogues throughout Germany, Austria and ...
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Council Of State
A Council of State is a governmental body in a country, or a subdivision of a country, with a function that varies by jurisdiction. It may be the formal name for the cabinet or it may refer to a non-executive advisory body associated with a head of state. In some countries it functions as a supreme administrative court and is sometimes regarded as the equivalent of a privy council. Modern * Belgian Council of State is a judicial and advisory body that assists the executive with obligatory legal advice on each draft law and is the supreme court for administrative justice * Chinese State Council is the country's highest executive body * Colombian Council of State * Cuban Council of State * Danish Council of State is similar to a privy council with a largely ceremonial role * Dutch Council of State is an advisory body that consists of one or two members of the royal family and other members appointed by the Crown * East Timorese Council of State is the political advisory body of ...
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Fritz Thyssen
Friedrich "Fritz" Thyssen (9 November 1873 – 8 February 1951) was a German businessman, born into one of Germany's leading industrial families. He was an early supporter of the Nazi Party, but later broke with them. Biography Youth Thyssen was born in Mülheim in the Ruhr area. His father, August, was head of the Thyssen mining and steelmaking company, founded by his father Friedrich and based in the Ruhr city of Duisburg. Friedrich studied mining and metallurgy in London, Liège, and Berlin, and after a short period in the German Army, joined the family business. On 18 January 1900 in Düsseldorf he married Amelie Helle or Zurhelle ( Mülheim am Rhein, 11 December 1877 – Puchdorf bei Straubing, 25 August 1965), daughter of a factory owner. Their only child, Anna (Anita; later Anita Gräfin Zichy-Thyssen), was born in 1909. Thyssen again joined the army in 1914, but was soon discharged on account of a lung condition. Weimar Germany Thyssen was a German nationalist who ...
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Prescott Bush
Prescott Sheldon Bush (May 15, 1895 – October 8, 1972) was an American banker as a Wall Street executive investment banker, he represented Connecticut in the from 1952 of the Bush family, he was the father of former Vice President and President , and the paternal grandfather of former Texas Governor and President and former Florida Governor Born in Columbus, Ohio, Bush graduated from Yale College and served as an artillery officer during World War I. After the war, he worked for several companies, becoming a minor partner of the A. Harriman & Co. investment bank in 1931. He served in several high-ranking United States Golf Association offices, including president of that organization. Bush settled in Connecticut in 1925. Bush won election to the Senate in a 1952 special election, narrowly defeating Democratic nominee Abraham Ribicoff. In the Senate, Bush staunchly supported President Dwight D. Eisenhower and helped enact legislation to create the Interstate Highwa ...
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