New York Banks Hold Too Much Public Money. HIGH INTEREST ON DEPOSITS How Trust Companies Can Pay 3 Per Cent a Mystery -- Stagnation in Stocks One Reason for Low Interest Rates -- Clever Trick by Foreign Exchange Banker -- Consolidated Tobacco 4s.
The Washington Post (1877-1954) - Washington, D.C.
Author : Special to The Washington Post. ROBERT N. BURNETT
Date : Mar 13, 1904
Start Page : A11
Pages : 1
Text Word Count: 1713
New York, March 12. -- It is a very curious situation when some of the big banks -- perhaps many of them -- would like Secretary Shaw to withdraw $20,000,000 or $30,000,000 more of public funds, in addition to the $30,000,000 which he has already called for in connection with the Panama Canal payment.
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