A Graded Banking System Formed by the Incorporation of Clearing Houses Under Federal Law: With Power to Issue a Clearing House Currency Secured by Pledge of Bank Assets : for the Protection and Support of Commercial Credit, and the Equalization of Rates of Interest Throughout the Nation |
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25 per cent amount appointed asso associated banks bank currency bank member Bank of England Bank of France bank reserves bankers banking law banks in reserve banks of issue bonds Bryan business community capital cash reserves central reserve circulating notes clearing house association clearing house certificates clearing house currency coin commercial assets Comptroller Congress counterfeited country banks credit system Daniel Webster deposit reserves depositors directors falsely altered fixed currency free banking funds gold guarantee house of issue Hoyt Sherman incorporating clearing houses incorporation of clearing interest issue currency issue of currency lawful money legal tenders liquidation McKinley ment method monetary panics National Banking Act national banking system note-holder notes issued organization certificate organized paper currency payment percentage pledge power to issue principle produce protect redeem redemption rency reserve cities secured currency special charters stability system of banking thereof tion trustee United York