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Show new in msm MTS BOHIIfiT BUI Introduce Measure to Establish a Central Government Institution With Capital of 100,000,000. Washington The establishment nt the "United Hlnte National Hank of America' I provide. for In a bill Introduced In-troduced In Ihe house by Mr Homes (Dem) of New York. The bank a conceived I to be locate.! In Wash. Ington and I to have a capital Block of 1100.000 000. divided Jnto 100.000 share of the par value of 11.000. Three-nflh of these share are to be purchased by the United States trea. urer at par the purchase money tn be rnhtod by the sale of 90.000,000 bonds, payable tn fifty year and bearing 3 r cent Interest, the satnn to lie designated des-ignated "U a currency bonds" Two-fifth Two-fifth of the shares nre lo ho offered nt not e than par to the nallon.il bank nt the country, to be lld for In gold coin The l'nlte.1 gtnte National Hank of America 1 to open for limine )emmir I Iftug, and to rcaw lo exist Beplember 1. 1J8S, unless It Ufa be extended by onngren Ilranrhe are to be established In New York. Chicago, New Orleans Iloaton, Denver, Den-ver, HI UmiIb, San Franolsco, Cincinnati Cin-cinnati nnd fontanel. Ore The bnnk shall lie governed by a lioard of twenty twen-ty five directors, elected by the tock-holder, tock-holder, and the secretary of the treasury treas-ury ahall lie the chairman. The bank inev Issue additional note of tho 1'nlled Htntes National Hank of America Amer-ica In amount not exceeding tlOOOO.-000 tlOOOO.-000 and surh note shall bo nvnllnbla for gtncr! national hank circulation upon deiKwIt of pror security Four per cent dividend may bo paid to ltockholders on the bank earning |
