MISUNDERSTOOD
FOREIGN LOANS IN AMERICA. Washington, March 9. Tho Fcdoral Reserve Board sti.tes that tho warning issued in November was misunderstood, and it now endorses investments in foreign Ickub.— Aus.-N.Z. Cable Assn. |Tho Federal Reserve Board issued a warning to American bankers "that further investments' in paper of this ; character and extension credits to tho belligerents aro not healthy banking, but are distinctly tho province of investors who aro willing to tako 'tho risk in tho outcome.'" At the thus ] Messrs. J. P. Morgan and Co. were seeking to sell British Treasury notes in the United States.]
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Bibliographic details
Dominion, Volume 10, Issue 3025, 12 March 1917, Page 5
Word Count
97MISUNDERSTOOD Dominion, Volume 10, Issue 3025, 12 March 1917, Page 5
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