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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Caldwell Tribune
Location
Caldwell, Idaho, United States of America
Date
Jun 02, 1900
Page
4
A largely forgotten Revolutionary heroine is highlighted in a July Ladies' Home Journal feature titled The Girl Who Fought in the Revolution. A woman joined the Continental army in uniform and served three years with bravery, earning admiration from social circles and gifts from admirers as she became a celebrated symbol of wartime courage.
The Treasury Secretary’s report to the House lists who paid customs on Porto Rican imports since the Spain treaty, detailing sugar and molasses duties at New York. It notes political attacks on the Porto Rican tariff, including Senator Jones’s proposed 15 percent duty and a $637,551 “present” idea from the treasury, amid debates on aiding Puerto Rico and alleged motives.
The government offered to exchange old bonds for new 2 percent bonds, seen as safer long term investment for private investors. Private buyers preferred a thirty year safe asset over shorter maturities, while national banks issued notes backed by U S bonds to maintain circulation.
A discussion of the Refunding Law shows banks can issue notes equal to the full face value of bonds pledged, lowering tax on circulation and boosting profits. The shift from 90 to 100 percent backing narrows funding gaps and increases lending capacity, with a nominal banking profit of about 1 percent.
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