Business & Finance: Bedroom, Jail, Death

Not in 50 years at least has any bank belonging to the New York Clearing House failed to pay its depositors in full. Last week a conservator was placed in charge of a New York Clearing House bank and if he is not able to make good that bank's deposits out of assets (and possible subscriptions by stockholders), the aristocratic record of the Clearing House will be broken.

Other aristocratic records were ready to fall. One afternoon William Pinckley, stalwart (6 ft.-2 in.) deputy marshal, rode up Fifth Avenue in a taxi and descended before...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!