Word: embarrassing
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Dates: during 1883-1883
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...Laughlin delivered a very able and interesting lecture last night before a large audience, on "The Sub-Treasury System." The lecturer traced the growth of the present system from that formerly in vogue, and afterwards set forth in clear light the defects that now embarrass it. The undesirable relation of the Secretary of the Treasury with the money market, brought about by the act of 1864, in which it is enacted that the banks shall not be depositories for receipts for customs, and which, therefore, forces the treasury to hold in its vaults large amounts of specie, was discussed...