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Senators Move Against Carpet Bag Bond Schemes
Washington February 5. Senator Overman introduced in the senate a resolution to amend the 11th amendment to bar states from being sued by other states over repudiated carpet bag bonds. The plan aims to stop South American transfer schemes, while Rhode Island already refused to aid such efforts. The measure, referred to the judiciary committee, signals vigilance against dishonest debt repudiations. The Avalanche reports it alongside notice of School Land Blanks.
MENTIONED IN THIS ARTICLE
Washington
New York
Overman
North Carolina
Senate
Supreme Court of the United States
South Dakota
Rhode Island
Congress
Democrats
Judicary Committee