Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-20
M taking the total amount of exchanges, by
means OF the Bank Of the United States
within the year 1882,


Inc amount OF premiums on domestic exchange re
ueeo py me bank Tor the same period was S2I72i9 &c.
na aS'" eeleyenh OF one per the aggregate
o. '"e domestic operations the bank saw
Szii779l0; and this has been the whole cost If ~;
to The people Of The United States by The aid of
winch their property Of every description has been
passing IN coPlous and uniform current from one xtrem
ny Of this nation 10 the other To this extensive aid must
% ,ha ,a' derived from the bank DISCOUNTS which,
ao s uomeSnc oiiis purchased, amounted in the wear
49, to an average sum OF 500 s7 $40 and in the wear
10 an average Of SOL 7l67OS and that also derived
rom tle constant circulation Of her notes averagnr
SzoSO9SS9 Tor the 1882, and SIS 495 1876 for the
succeeding year. w wv
!, am perhaps sir, not sufficiently conversant with the
oank 10 the propreiy OF calling ali lie
rs'ions exchanges and counting them over two Or ,,
nmes LOT Tie purpose OF swelling them to large amount,
unii become so cannot admid the results IN which
the gentleman from Pennsy lvana seems TO hay we arrived
ne amount Of domestic bills exchange purchased in
all parts OF The Union, in 1882 was s67 5i6 sra W. :;
enueu oy nls, 10 say this amount of S67 900 600 nj
discounts ioeign and domestic, which the bank had a,
Tie END Of The year 1881? presume not as tina, would
cond HEN reads "The hall year from Dece1hs, 1910
10 June 1888, was 41 3I2 9S2; showing large incros
IN ma. ns during the first halt oth year, IL will not
o oo 's sum Is all increase upon the 1867 OOO
vV OF he last year, which would make SIOs 600 900 and
Wnch lar exceeding any they have ever had in
discounts OF every character, foreign and domestic
These then, cir, more than counting bills over
again. as they become DUE and are returned or others
are discounted in their place " ''
The next item shows amount of drafts by p,L rr
aDu us ollces on each other, Gao rag os1
The next, drafts by Bank United States and
"' O''eeS 0" State banks 1861 1897
These two, added together, make el5l57 12I
anu can only be considered proceeds of the bills dsconnt
co. OF on 'he bills OF the bank, aud of the State banks .
ceVeu ny The Bank Of the United States For exemnJc
man goes to the Bank Of the United States and no,res
whether he can get check for So 900 on New Orleans
and being answered in The affirmative pronoses IN No.. a.
either by having note draft discounted or bv bis ~
y oanS "nu us branches, Of the State banks Nv an
V'u""y man 'ni' would be called operation of 80 600
ou' Oy Tue bank estimate is made 10 or 600 onera
on as thc case may be- If paid for in bank notes is
SlOOOO operation; but II draft is discounted n beeooos
$4,000 operation. Thus, the check is s5 ooo 'hs
DRAFT $o,OOO aud when the draft is paid h il az moo
inore making $4,000 in all. am well aware the Houss
cannot be entertained with these calculations hut as h,
may be instructive, hope TO be INDUCED a little Jonger
Inc nex1tem IL Dotes Of the Bank of the United S,aos
anu It's branches, received and paid on place viz AZ
places where there obIg CATION 10 pay them $40 40
OIL From This TO understand the bank nail he
DIS OF branches st The bank, and at branches where thew
were not payable, 10 the amount Of $50 600 600 Nov Il
reasonable 10 presume they paid much where fhev
were payable ana the two would amount 10 7S 600
oVV "Oulu " not make reasonable man, who was
accustomed TO look at things in the natural way and cali
'nen ny heir true names, sare learn from hs same
sta cment That the bank had only $lS00O0CO in crcuIa
non' ana never have had than sci 900 OOO2
speak 10 rOuud millions And would be moi naturally In
qure, how was II possible 10 pay SIS 600 600 or even
$39OOO,Oo0 when she only had $li 900 900 in crcula
ton The answer would be, by only working another
sum IN the new bank arithmetic; viz by counting over
one sum wo or three times Thus, man paws in the
bank $4,000, 10 New York branch boes, MONDAY; on
Tuesday they loaned; Wednesday they aic paid in
again; on Friday they loaned OUT and on Saturday,
paid 10 again. by which the bank will have received tue