Show OAK OF NATIONS S NOW PROPOSED WOULD HAVE CAPITAL OF TWO MILLION DOLLARS AND ACT AS AGENT FOR governments wo ul be established in new york and tock stock sold to all nations thus 4 establishing and tz lz 1 ana ng credits 4 I 1 in now new orica of till nil blinking institution ution to bo be known us its tito blank of with iwo billion tI dolln Ollars rs clIP cypril W to 0 o net us its ilia alio fiscal agent of tile united milled stated and binl such other gov orlin I 1 e lit us ng io 10 na as troa wednesday iy ay Seri senator ator ilitch aock D emo craf narn nl slin subscription by tile treasury depart anent to ell enough ug I 1 stock block to control the bank Is proposed propos eil bild the ho would provide that of 0 stock could be sold to solvent governments ern ments admitted to participation under treaties or fr trado ade ailts lilts alel ly tile president the resources field facilities of 0 the honk would bo be used to promote international ter credit and exchange the ho bill sius pays the bank would hove power to ion lend ino money ticy deal lit in securities and issue notes and currency with a n 3 per cent t reserve eserio the bill was referred without ills als to the banking committee |