The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-05-28
PAN-Al[ERICAN BANK.


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a. srv e.arr1ss rssnoasiSillsv' tnt oniv 20 rfve
70 10 ueoposed bans corporate frsrcasze and
pronsoss pub;ic conndencs By requiring iss con
dssion Esd transactions 70 b subsnisssd 70
sesutisy antias = fnsf ssefssseo o.es our 90
ss.sc osnA'ns - -. :. :. 80 -.
~ -. sss sss - 81, - ss<; - 3, ,rar.rsr ,f,e
ard dSs,,ed s. Iexsslafion . raIdsd a. 20 avoid
- tuss criticism,
In hfx 1etter 10 the president. Secretary
blaine Nets forth the advantages TO b de-
rived from, such . project and says, in
part.
IN. v.sechsnss Al ssis country are a de-
peudent upor the BANKERS OF Enrops Ia their
financial tsansactions With their American
nsishbors - thev sss upon The snip-owners OF
ofset onsein - usnspoHssaen IscaHllse, ~
vi sonaan.s '.uE eIoss - - - s.s.s-
,.ss.S ~ -Asss, = - 80 - ~ Pan.
Imeyscan conierrnce cresenr. : strnIa ana
sssy ms.hod OF selssf, and the euscrment
81 The measure viii. In the Judgment OF The con-
ference. result In she establishment OF proper
facilities Tor inseF-Amesicau banking.
btu has been prepared at the state de-
pArtment 70 carry into enect the recon-
msndasions Of the committee. The bill
dssienates the United States delegates to
the PAn-Amsrican conference ~ commits
sioneFs 70 receive subscriptions TO the eapi-
I'll stock OF the Inter-Auaerican bank,
honds for which purpose may be opened IN
Washington, New York and other pyinci-
pal cities In the American republics. As
soou - 5000 shares are subscribed, the
subscribers shall have the usual powers 10
Organize . corporation. which ehasi have
tho Same privileges row enjoyed by banks
generally. It's acquisition OF real estate. how
ever. ID limited 70 IS per cent OF the capital
stock paid in. The corporation may be
~ depository Of public money and may
b employed - the financial agent OF the
government. The principal Offices shall be
10 Warrington or New York with power to
open branch ofIices In the United States.
Nsxieo. South and Central America The
capital stock IL 6xed at $1,000. oC0 In 500
shafes, which may % increased by two
thirds vote to not exceeding SO 1900 900.
buGiness may be begun as soon ~ twenty
6vo Per cent OF the subscriptions has been
psid II cash. but at least -. 600 must be
paid Ia within two years. The board OF di-
Yectors 10 10 consist Of twenty-five persons,
not less than 6fteen 10 be citizens Of the
Untfed States. Stockholders are made
liable TO the amount Of their subscriptions.
but no more. The corporation shall file
semi-annually with the secretary Of tbs
sno ~ auAns snsn . III tunes oe open 70
EXAMINATION oy omcers OF the treasury de-
pefSment. There - provision for the ap-
pointmsnt Oh receiver and the winding
mp OF Hs snairs u case the capital stock 10
smpeifed 20 we extent OF more tnan twenty
pes cent. o. me american capital stock act
uaay pss0 ~ ana the directors IAN % make
suco 'mpeifmsns sooo.
Wnen the reaoine cierk today came to
We Iew names mentioned n the river and
haroor Dill IN Warrington state no
stumbled over them and mispronounced
them - they were Russian instead Of the
eoss indian names. Washington has got
show that the state has rivers and harbors.
The delegation rely on the efforts OF ali the
senator's not satisfied with the bill TO so
amend II that some sections which show
that they have been ili-treatcd viii get
some consideration. In the Senate one
state has ~ many votes Is smother. and it
su.ra.d In...sS - ~. .,.e
even ~ w..nIn-,or q, a. .,..- -
thss .uf,r,.r, .,,,v,s -, - .Sf.s.ss ~
.,,. shs .,.,. -, nro..a ns-;fs,,os W
f'e'e1
49,. $500,
fs sns,'A'ncu ~ dinner iast night by
ns .Sno'iefs oi one OF tue leading
nnsnoia co"psn OF warrington SEN
"' Sq.,re' OF s,nsng'on. was present,
gave sstfaignuorward. practical talk on
TIE growth and prosperity OF the state OF
washington. ana Illustrated u by modest
reference TO personal Instances The reg.
said. was Il per cent. and he could No,
fes " unnef ~ n'nsen. lie closed With q