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McAdoo Uses Emergency Currency to Break Money Hoarders
The article describes Secretary McAdoo's move to issue up to 500 million dollars in lawful emergency currency to counter Wall Street hoarding and anticipated financial panic. It notes the legal basis in the Vreeland Aldrich act, the stored notes, and the impact on banks and sentiment, plus reforms to customs and Treasury practices.
MENTIONED IN THIS ARTICLE
McAdoo
Wall Street
the Treasury
Vreeland-Aldrich
Secretary of the Treasury
Treasury
National City Bank of New York
Treasury Department
Adoo
William G. McAdoo
Customs Service
Customs House
Philadelphia
John Wanamaker
United States
Philadelphia Customs House
Department
Washington
Comptroller of the Currency