CURRENCY BILL
AMERICAN BANK RESERVES “USED FOR GIGANTIC GAMBLING.” By Telegraph— Prei» Association—Copyright (Received November 26, 10.20 p.m.) WASHINGTON, November 25. In the Senate, Senator Owen, debating the Currency Bill, said that the hank reserves were largely concentrated in New York, where they were loaned for Stock Exchange speculation. Ho argued in favour of the formation of Federal reserves enabling the banks to withdraw their funds from the Stock Exchange, which had become the moat gigantic gambling establishment in the world.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZTIM19131126.2.58
Bibliographic details
New Zealand Times, Volume XXXVII, Issue 8588, 26 November 1913, Page 7
Word Count
81CURRENCY BILL New Zealand Times, Volume XXXVII, Issue 8588, 26 November 1913, Page 7
Using This Item
Stuff Ltd is the copyright owner for the New Zealand Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in