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The Week.

Source :
Nation; 2/7/1884, Vol. 38 Issue 971, p107-109, 3p
Publication Year :
1884

Abstract

This article presents brief descriptions of various recent socio-political issues and developments in the U.S. It first focuses on Senator John Sherman's latest banking bill. It provides that upon a deposit of bonds any national banking association shall be entitled to receive circulating notes equal in amount to the par value of their bonds bearing interest at the rate of not less than 3 per cent, and redeemable at the pleasure of the U.S. at the date of such deposit; and if bonds deposited are not so redeemable, and bear a rate of interest higher than 3 per cent, then the issue of circulating notes may be to an amount equal to 95 per cent. The article further reports that among the amendments to the Lowell Bankruptcy Bill suggested by the Convention recently held in Washington D.C., is one making dealings in futures on the part of the bankrupt a ground for objecting to his discharge.

Details

Language :
English
ISSN :
00278378
Volume :
38
Issue :
971
Database :
Complementary Index
Journal :
Nation
Publication Type :
Periodical
Accession number :
14012775