On the record
The applicants proposed to pay the school fund four hundred thousand dollars, the literature fund one hundred thousand, and the State one hundred thousand, provided no other bank be chartered for twenty years.
Source
gutenberg.orgDe Alexander: “The applicants proposed to pay the school fund four hundred thousand dollars, the literature fund one hundred thousand…”
Editor's note · Context
This quote highlights the financial proposals made by bank applicants to secure a charter in New York.
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