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Panama Canal Bond Issue

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Pacific Press Publishing Association · Mountain View, California · Jun 6, 1911

FromSigns of the Times, Vol. 38, No. 22.

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Panama Canal Bond Issue

On May 16 Secretary MacVeagh asked for popular subscriptions to a $50,000,000 bond issue to reimburse the treasury on account of the building of the Panama Canal. The bonds will be dated June 1 and run for fifty years, with interest at three per cent, payable quarterly. Preference will be given to small bidders, and national banks will be debarred from using these bonds as a basis of circulation.