Word: discounted
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Dates: during 1940-1949
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...went into the banking business with him and one employe, a cashier. First day Ladd & Bush took in $1,450 deposits, made nine loans on which they collected $221.17 interest (12%) in advance. The bank quoted U. S. Government bonds below par, handled currency only at a discount. At day's end its balance sheet listed $51,450 assets & liabilities. That year the first transcontinental railroad came through...