THE MONEY PANIC.
MEAN! OF RESTORING CONFIDENCE Received Nov. 1, 9.20 p.m. i New York, November 1. A bankers' syndicate, headed by Pierpcrnt Morgan, purchased six million pounds' worth of New York city bonds, with the option of acquiring four million more at the same terms. Tho American Mint has been directed to coin fifteen million dollars' worth of double eagles to relieve the monetary stringency. The Governor of California announces , ! n ! 6 " t !" n to proclaim a "succession" legal holiday until confidence has been restored. It is not expected that all the banks will observe the holiday. New York bankers are urging President Roosevelt and Congress to deal with currency reform. President Roosevelt promised to consider the matter but gave no indication of h s intentions.'
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Taranaki Daily News, Volume L, Issue 61, 2 November 1907, Page 5
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127THE MONEY PANIC. Taranaki Daily News, Volume L, Issue 61, 2 November 1907, Page 5
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