ANXIOUS INVESTORS
RUN ON MADRID BANK CASH DEMANDED FOR NOTES. Received June 15, 11 p.m. (Sun Cable.) MADRID, June 15. The Bank of Spain, discovering a few counterfeit notes, refused to cash them. A rush on coinage followed, and since Saturday 100,000 residents in Madrid have demanded that notes be exchanged for cash, with the result that £3,500,000 worth of paper money has already been exchanged and only 12 false notes have thus far been found. General De Rivera announces the banks’ folly of discrediting paper currency instead of changing a few notes without profit.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19868, 16 June 1927, Page 8
Word Count
95ANXIOUS INVESTORS Wanganui Chronicle, Volume LXXXIII, Issue 19868, 16 June 1927, Page 8
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