Wheeling compiler. [volume] (Wheeling, Va. [i.e. W. Va.]) 1829-1831, 1830-04-21
Questions Submitted To He s'--sla.r. %.
the Bark ofHe Uars{ stl"

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.orr-ar z9..e.a 4s b --.-. "'Eh
better as Es mar.5
Answer Eulof.Iat yap@. ,, u pr
cent uarse ,iea Boston pGP-r--- z,
ea then Fe.r Yol parer-i 30 os''eg
dian Re.buale
C2 W~eao, ,Ar State Hs.ss mde.i-
led, 81. ID, s,oyc- m.nt ..e@e a,le winch
te, could uot reyc PAID a sound curren
e.9 II.o. 70 w.s. ame3"t1 A ) did 40!
tho a.n'. ,a nlav INSTANCES assume those
debts. and uaq 0eem a -9.15 currency, ga
$780, 10 uha. ucr1,, ndolge those
Baaks mul It was eonyancat Cor them e.
pay? and did not the ba1k lose money by
such Indulgence!
A. In the wars lSl7 and 1918 lhe Gov
eminent transferred to the Bank at ihl.a-
dolphin, from the State Institutions, 81 e
III. IIq -. which was cashed, and -
336.G2I 81 rf special opposite, to be col
lcrlcd b. laa bank, making so 800 Ill
81. The loss sustained BY the bank !
cannot estimate. should willingly com
promise for loss of only S200,000
q 3. Has the Bank at any time oP
pressed any of he State Banks!
A. Never. There are very few banks
which might not have been destroyed by
an cxcrton of the power ofthe bank. None
have ever been injured. Many have been
saved. And more have been, and are con
stint,y relieved. when 1t Is found that they
are solvent, bat are suffering under tempo
rarv difficulty.
@. (. When State bank becomes IN
dcbled TO the bank TO an improper extent,
what course do YOU pursued DO you let
them 90 beyond a certain amount, and
what is that amount
A. The great object is to keep the State
banks within proper limits; to make them
shape their business according to their
means. For this purpose they are called
upon 10 settle; never forced TO pay specie,
if it can be avoided, but payment is taken
in their bills OF eXchauge, or suffered 20 he
occasionally until the bank ca turn round;
no amount Of debt is fixed, because ihc
principle we wish to establish IS that every
bank should always be ready TO provide
for It's notes.
Q. ) II you give drauehs on any of
the branches, or from one branch on au0-
lhcr, or Oh the mother bans, Unat Is the
commissioned charged!
A. The charge for drafts Is less thaa
the transportation ofspocie. ! SEND Dr..
tailed statement on this poat.
q 6. Do you, and a;cvory branch, pay
specie o1 dcmtndl Has there ever been
a refusal?
s.. Never.
g. +. Can you STATE whether specie is
more or less abundant DID the United States
al present, than az auy former period!
5. "A the present moment. ! ihtnk, s2e-
Gle IS more abuadantfh4Husual Itcomes
m as usual And lhc state Of cxchaagee
with Europe Is such tnat 3; IS cheapc- TO
buy bills than TO ship co.n, The oauh bad
on the first instant, SI605,009, winch Is
more than II has had for nlGc years past
q. 8. When The debt is annually paid
off to foreigners. DO they remit 10 specie or
bills Of cychangel Do YOU supply lie
.mcaus in either wayl
4. When foreigners are paid or a part
is reinyested IN other stocks, n part goe-
M bills, a considerable portion Of which
are bills Of the bank Specie is never re-.
sorted 10 unless the bin market is so alrh
as to make that mode Of remittance cheap
or.
@ 9. Since You commenced the pur-
chase and sale of bills Of exchange, has
the rale varied: # so, TO what extent
a. The operations of the hank in OK
changes has had the effect of preventing
'he great fluctuations 10 which they were
previously liable.
q. 10. WHAT'S horcason thaioxchaDge
on England continues above what was for
merry considered the par, that is. the dol
lar valued ct Is. 81, sterIingl Is It that