Show BANK Of o AMERICA I MAY BE B CREATED WASHINGTON Jan Jm 16 The cs cs- of tho the United States NatIonal National Na Na- a. a Honal Bank of America is provided for in n n. bill intro introduced in tho the House I by Mr lr ornes Dom Dem of Now York The bank ns as conceived is toI to tobe I be located in Washington ton and is to have a n capital stocK of divided into shares 8 of tho the par value af of 1000 Three fifths of these shares aro arc to be he purchased h by the United Unite States Treasurer at par tho the purchase mone money to to- tobo bo be raised by the sale of bonds bond payable in fifty y years arB and bearing 3 per cent interest in in- terest- terest tho same to be be designated US U up JS S. S currency bonds bouch Two fifths of the shares aro ni-c to be offered at not less than par to the national banks hanks of the coun coun- tr try to be paid for in gold Jold coin The Tho United States National Bank Dank of or Ameri America a is to open for business September September September Sep Sep- 1 iDOS 1908 RU and aud to to exist September 1 I 1958 1058 unless 3 its life be extended b by Congress Branches are ue areto areto to bo ho established in New York Chicago Chi lit cago o New l Orleans Orlean Boston Denver St. St Louis San Francisco Cincinnati an and Portland Ore The rhe bank shall bo be e governed gov gor- b by a board of or twenty five three three- torn tore elected b by the stockholders and antI tho Secretary of tho the Treasury shall shaH be he bethe betho hethe the tho chairman The Tho bank may nd additional notes of the tho United States National Bank of America Amori in ill amounts not exceeding antI and such notes shall be bc available for general national na an- bank circulation upon deposit of proper security J. J lour per cent dividends s may bo be o paid to stockholders on th the bank earnings s. s |