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Bank proposal to boost currency through wider note issuance
The article argues for expanding bank note circulation backed by United States bonds, criticizing current law limits. It contends banks could issue up to 90 percent of bond par, urges removing war tax on circulation, and warns against silver coinage and silver certificates. It notes state banks could meet demand and reduce credit stringency, ending wildcat currency fears. Miss Maud Waid will judge the Demorest Contest in Weston.
MENTIONED IN THIS ARTICLE
Miehborn
United States
Nks
Tam
Union