Currency Reform Is The Cure For Our Banking System
Secretary of the Treasury argues for replacing government notes with bank note currency to stabilize national credit. He describes how a fixed legal tender base causes center to country money flow, forcing credit discipline and reducing price swings, and cites Foreign and American historic models as examples of a note system that lets lending rebound with industry.
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France
Germany
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Indiana
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Anti expansion movement sparks Senate clash in Washington
In Washington the anti expansion movement surfaced as Vest introduced a joint resolution denying federal power to acquire permanent colonial territory and urging acquisition only with the aim of creating states. A debate followed on foreign built vessels used in coastwise trade and a monument bill for the Maine victims. The House adjourned briefly after deaths of Reps North Way and Love were announced.
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Congress
Washington
Vest
United States
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Dewey
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North Way
Ohio
Love
Mississipp
Payne
New York
Hawaiian Islands
Treaty's Eight Essential Points Agreed At Paris
Paris reports say the Paris peace is practically accomplished with eight treaty articles. Spain relinquishes Cuba and Porto Rico, withdraws troops, cedes the Philippines, and US pays 20 million dollars. Open door policy also outlined. some questions remain on coaling stations and religious freedom. Prisoners to be repatriated. Spain to free Cuban Porto Rican and Filipino political prisoners. Remaining discussions include patents and copyrights.
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Paris
Spain
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Philippines
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Carolines
Senor Dupuy de Lome
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Manila
Admiral Dewey
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Renly
Day
Itinerant Banking Pressures and Loans in Harvest Season
The passage describes how banks increase loans against reserve inflows, raising securities and prompting speculative buying. It notes seasonal cash needs during harvest, currency outflows from interior banks, and the central banks’ pressure as farmers’ payments and commodity transfers require cash. It explains tightening liquidity and strained interbank relations as crops mature.
MENTIONED IN THIS ARTICLE
Yiel
Our Own Combination Coffee One Pound at 15 Cents
Advertises coffee priced at 15 cents per pound claiming 30 cups per pound. Promotes uniform quality and flavor as a prime favorite and urges first orders with a promise of repeat business. Request to call for convincing bargain.
Kaiser Opens the Reichstag and Meats Inspection Talk
The emperor opened the reichstag in Berlin with a speech urging protection for non union workers during strikes and supporting a general meat inspection system. Other items include a naval review in Savannah for troops bound for Cuba, four more bodies found from the Portland, and Powell Clayton named ambassador to Mexico with Romero also named ambassador.
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Mexico
Market Quotations and Agricultural Prices Report
Chicago Board of Trade quotes show Wheat corn oats and pork lard futures with mixed closes. Produce prices list butter eggs fresh stock potatoes apples cranberries and other staples. Chicago live stock shows hog and cattle receipts and price ranges, while Milwaukee grain reports No 1 and No 2 northern wheats oats rye and barley with varying values.
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British ambassador at Paris banquet lauds Anglo American entente
At the British chamber of commerce silver jubilee banquet in Paris Sir Edmund Monson praised American diplomats and urged France to meet Britain honestly on issues. He warned Britain will not push unjustly and called for equitable arrangements between the two nations amid the Fashoda dispute.
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France
British Chamber of Commerce
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