A History of the Bank of New York 1784 1884
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Jenkins, of the Bank of America; and M. P. Bryson, of the Phoenix Bank, were appointed an advisory committee to devise means of relief. A special committee was afterward appointed, of which Mr. Leverich was a member, who were authorized to issue clearing-house certificates to the amount of $10, 000, 000 on deposits with them of stocks. Seventy-five per cent, was ad- vanced on the market value of these securities, and the certificates were available until the ist of November.
101 a tetor oe The ...banks also agreed to act as agents for the pur- chase of $10, 000, 000 of bonds which the United States sub -treasurer had offered to buy. These measures afforded the desired relief to the money market, and the panic was of comparatively short duration.
The bank sustained a serious loss in the sudden death, on the loth of January, 1876, of its president, Charles P. Leverich, who had been closely connected with it for thirty-six years. A special meeting of the directors was immediately called, at which resolutions were passed, expressing their appreciation of his char- acter, and their sorrow at his death.
What to read after A History of the Bank of New York 1784 1884?
You can find similar books in the "Read Also" column, or choose other free books by Henry Williams Domett to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Jenkins, of the Bank of America; and M. P. Bryson, of the Phoenix Bank, were appointed an advisory committee to devise means of relief. A special committee was afterward appointed, of which Mr. Leverich was a member, who were authorized to issue clearing-house certificates to the amount of $10, 000, 000 on deposits with them of stocks. Seventy-five per cent, was ad- vanced on the market value of these securities, and the certificates were available until the ist of November.
101 a tetor oe The ...banks also agreed to act as agents for the pur- chase of $10, 000, 000 of bonds which the United States sub -treasurer had offered to buy. These measures afforded the desired relief to the money market, and the panic was of comparatively short duration.
The bank sustained a serious loss in the sudden death, on the loth of January, 1876, of its president, Charles P. Leverich, who had been closely connected with it for thirty-six years. A special meeting of the directors was immediately called, at which resolutions were passed, expressing their appreciation of his char- acter, and their sorrow at his death.
What to read after A History of the Bank of New York 1784 1884?
You can find similar books in the "Read Also" column, or choose other free books by Henry Williams Domett to read onlineMoreLess
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