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Bank Cover:
For sunny locations there are excellent possibilities. Sedums of many kinds can be used. Among the best are acre, album hybridum, rupestre, sexangulare and stoloniferum. These take hold with great ease, withstand dryness extraordinary well, and are evergreen. If the soil is acid and freely drained bearberry makes a magnificent evergreen bank cover. It is difficult to transplant; only small, pot-grown specimens should be set out. It is hopeless to uproot plants from the wild and attempt to establish them in the garden. The moss pink (Phlox subulata) is green throughout the year and blooms profusely—white, pink, lilac or red—in spring. As a bank cover for full sun this plant is good.Furthermore, Britain, Canada, and many other nations had abrogated or suspended in the 1930's the statutory requirements under which the central bank was to keep a cover in gold (or in gold and foreign exchange) for its note and deposit liabilities. The United States lifted the legal gold requirement in two stages in 1965 and 1968 in the wake of sharp gold losses resulting from its balance-of-payments deficit. By 1969, only three countries—Belgium, Switzerland, and the Union of South Africa—remained required legally to hold a gold cover. In a few other countries, the required cover consisted of gold and eligible foreign exchange.
The youngest son, DAVID ROCKEFELLER (1915-), a banker, was associated with the Chase National Bank. After its merger with the Bank of Manhattan, he became executive vice president of the Chase Manhattan Bank, and later president of the bank and chairman of its executive committee.
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