MORE UNIONS SEEN OF SAVINGS BANKS; Merger of Bowery and North River Institutions Held Not Surprising PROBLEM OF COMPETITION North River Had Remarkable Growth Despite Low Ratio of Its Surplus
Comment on savings banks merger trend, NYC
On this day
Revisit the news, notable people, and historical moments connected to this date.
Portrait 1080 × 1920 PNG · created on your device
Comment on savings banks merger trend, NYC
output decline reptd, Dec, Purchasing Agents Natl Assn
Govt-indus cooperation seen blocked by 4 major problems; civilian control advisory group expected to settle difficulties
US exporters charge trade is monopolized by NEI concerns in US
elec light and power cos start joint '49 drive to increase annual revenues; H Restofski warns on gas indus competition
1948Candy Crowley, American journalist[†]
Candy Alt Crowley is an American news anchor who was employed as CNN's chief political correspondent, specializing in American national and state elections. She was based in CNN's Washington, D.C. bureau and was the anchor of its Sunday morning talk show State of the Union with Candy Crowley. She has covered elections for over two decades.
1948Cardinal József Mindszenty is arrested in Hungary and accused of treason and conspiracy.[†]
József Mindszenty was a Hungarian cardinal of the Catholic Church who served as Archbishop of Esztergom and leader of the Catholic Church in Hungary from 1945 to 1973. According to the Encyclopedia Britannica, for five decades "he personified uncompromising opposition to fascism and communism in Hungary".
1948The last Soviet troops withdraw from North Korea.[†]
The Union of Soviet Socialist Republics (USSR), commonly referred to as the Soviet Union or Russia, was a transcontinental country that spanned much of Eurasia from 1922 until it dissolved in 1991. During its existence, it was the largest country by area, extending across eleven time zones and sharing borders with twelve countries, and the third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of national republics, the largest and most populous of which was the Russian SFSR. In practice, its government and economy were highly centralized. As a one-party state governed by the Communist Party of the Soviet Union (CPSU), it was the flagship communist state. Its capital and largest city was Moscow.