AMERICAN BANK RESERVES'
LOANED FOR STOCK EXCHANGE. By MezraDh-rPrcra Annotation—Counisht (Rcc. November-' 25, -10.5 p.m.) Washington, November 25. Sonator Owen, debating the Currency Biil, said that tho bank reserves were largely concentrated in New York, whero tlioy woro loaned for the purpose of Stock Exchange speculation. He argued in favour of the formation of Federal reserves,which would enable tho banks to withdraw their funds from tlio Stock Exchange, which had become tho most gigantic gambling establishment in the world.
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Dominion, Volume 7, Issue 1916, 26 November 1913, Page 7
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79AMERICAN BANK RESERVES' Dominion, Volume 7, Issue 1916, 26 November 1913, Page 7
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