THE MONEY CRISIS.

Taranaki Herald, Volume LIV, Issue 13574, 4 December 1907, Page 5

THE MONEY CRISIS.

A STATE BANK PROPOSAL. By Electric Telegraph. — Copyright. (Received December 4, 8.49 a.m.) NEW YORK, December 3. An influential group of financiers, after discussing tbe financial crisis at the Academy of Political Science, Philadelphia, advocated the establishment of a central Government bank, which should handle Government finances and possess the sole right to issue bank notes. DRAIN ON BRITISH GOLD. (Received December 4, 7.47 a.m.) NEW YORK, December 3. Out of twenty-five milliou pounds sterling of gold imported to New York since the outset of the crisis, twentythreo and a-half millions are from Britain.