F.R.B. Will Retain Silver Bought from Republicans New York, July 15.
The Bank of Spain has lost a suit to collect $6,450,000 from the United States for silver sold to the United States during the Spanish Republican regime.
The Federal judge has rejected the bank's demand for the return of this sum of money or the silver.
The Federal Reserve Bank contended that the silver was legally bought and paid for when the Republican Government controlled Spain, while the Bank of Spain argued that the money was "actually stolen" from it by representatives of Republican forces, who, the Bank contended, had no title to the silver.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.