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Macgregor Herald in Macgregor, Manitoba

05 Dec 1901

Page 3

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Macgregor Herald December 5, 1901 Page 3 old newspaper archives

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Newspaper

Macgregor Herald

Location

Macgregor, Manitoba, Canada

Date

Dec 05, 1901

Page

3

Ten Men of Money Island Chapter XVII Financial IV TeR

The fragment chronicles a crisis on Money Island amid bank failures and usury laws. Dis and Discount push a plan to issue government bonds as a basis for a new currency, offering 90 notes for 100 in bonds to create a safe, revenue-generating money supply.

MENTIONED IN THIS ARTICLE

Endurty Bari Sen Hope Brea Jesson Hey Donothing Discount Utter Land Thic Bays
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The Rise of a New Government Banking System

An account describes a transitional banking scheme where a financier named Discount issues government backed notes, borrows at one percent, and lends to the public at higher rates. The government aids the system, deposits grow, and profits come from interest and deposits, despite imperfect oversight and ongoing mysteries surrounding the promises to pay.

MENTIONED IN THIS ARTICLE

Do Nothing Sevigehaumer PLC Plonem
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Martin A. Belisle A. Hamilton of the Woods Eas Lake of the Woods Milling Co Gages Festeir Nadian Acifiery Ali Ontario Oystem Steclass Rstata Ally Horace Ciffin Bailey & Sons The Berliner Church Choi Lowden Cpr Stirthr Crna Goma Waltaes LEND WWE Broen Sanenrtte Ve Brock Impoukoeo Tolontan Tron Eth 3 Seiranenes Et Sitane winiPee Ailey Enna Anata Weekly Free Press Winnie
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