On the record
In the present system the National Bank deposits its bonds with the Treasury Department, where they are held as special security for the redemption of the bills which the bank puts in circulation.
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gutenberg.orgIn the present system the National Bank deposits its bonds with the Treasury Department, where they are held as special security for the redemption of the bills which the bank puts in circulation.
Blaine describes how the National Bank secures its bonds with the Treasury Department to protect public interests.
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