The Archive · 1928

Soldiers Helping Banks

Military officials have been doing: all they can to help the banks call in their notes by issuing proclamations fixing a date after which notes, may not be exchanged for silver. At the same time, however, the mint is busy coining a new big dollar which is to be the only officially recognized silver coin on the market. Consequently many people are now hoarding the notes of the two commercial banks in the hope that some time in the future they may exchange them for big dollars, The old big dollar has come into circulation again and exchanges at a slightly better rate in coppers than the newly-minted coin, The spring months have been exceptionally cool wit quite a sufficient amount of and the crops even in the higher levels should prove well above the average.—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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