AMERICA.
THK CURRENCY BILL. | COXEEKENCK REPOUT ADOPTEDPress. Ansociation-By Telegraph-Copyright H,ceivcd 10.20 p.m.. May 28th NEW YORK. May 20. The House, by 166 voi*-,s to 140 votes, adopted the report of the conference between the Senate and the House on he compromise Currency 15=11, providing «" St-it- .-ouiitv. iind municipal bonds maj ],e accepted "a." a basis of emergency carrencv to the extent of 90 per cent, of Himarket value, other bonds and commercial paper to be accepted to the extent „f 75 per cent. The Bill is limited to ,iv vears, and the emergency circulation obtainable on commercial paper •>* limited to 30 per cent, of the appliant banks' combined capital and surplus.
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Bibliographic details
Timaru Herald, Volume XIIC, Issue 13607, 29 May 1908, Page 5
Word Count
111AMERICA. Timaru Herald, Volume XIIC, Issue 13607, 29 May 1908, Page 5
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