New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-04-24
Remarks Of The Tribune.

We gladly receive and publish all suggestions which seem
70 II, calculated to light the subject OF the Currency
or tend to permanent Improvement Our correspondent
arc of this class though do concur With them on the
following points
l. We think s20OOeOOO an ample capital for rightly
constituted National Bank. We such Bank to ac
comph certain results which cannot well be effected through
local Banks or notwithstanding else. We want Ma
tional Bank which will neither in competition nor con
federacy with local Banks but in different higher sphere
altogether. We fear large capital might bring 1t in COLI
sion with other Banks.
"a Does our correspondent in,crdct the is
suing of its notes circulating medium BY
National Bank If So differ In business, for
instance we need cmittable circulating medium which Is
noony reliable for sounncss bt hich al par all the
Union Such Currency this Nation had, and ice had
then subscribers hundreds for Newly orkcr in Ala
buna Mississippi, &C.: but that Currency is gone
remttanccs and payments difficult and cosly-and
subscription list for that section is but the ghost OF what it
was. As in business. with other peoples The
country needs sound remitiablc circulating medium;
necessities urgent vehement and any adjustment of the
great Financial question which does provide for them
will no, be satisfactory the country.
5, G. We do believe there is either in
the dogin- policy of locking up the Government
funds in special vaults and nying for their hen
might better be paid for the of them For forty years
the public money kept by National Banks
through foreign embargoes rcyulsons and AL
OF derangins calan,es vet OF four hundred million,
put into them every dollar came straight again when
wanted These Banks, besides safely keeping and without
transferring these funds have actually paid the Go
Two Three Millions Of dollar. for the
Of tiem-or rather for their privileges, Of which this
the chief Why throw away this of Revenue. and
thereby increase the burthens of the People
Do lie, us take u commensurate view of this point Sup
pose correspondent has just received 100000 in COIN
wb; ch he wishes keep hand for apPrchcnded He
oes 70 the Bank Of Ncw-Yo ok and asks, What will ask
10 keep this coin for me The Cashier replies II YOU
it keep, in special deposc will store and insure 1t tor
quarter per cent month buff YOU will SIMPLY deposte il
with us subcc, your draft will Pay for the Oft
ard refund i, whenever called for What Kind OF nancier
would he be who should respond Make the deposiic special
and will pay You your charge
Nc uoct have perfectly sound, undoubtedly solvent
unexccp,onabc Bank and then keep fuud civilized
beings do Make the stockholders pay the full value of
whatever privileges accord them, but let impure
the whoc People for fear OF incidental benefit
Our correspondent does distinctly advocate the cocc-
of the Revenue expressly in COIN but without this pc-
ca deposi,c is farce. Ii refusing yourself
or Your nearest and wcathies rciehbor Yet keeping
Your money every bodys pocket. In system of General
Dcpositc the Government only depository the
special deposc system wiihou; exacting specie The Govern
men, trusts every Bank whose taken Its Agents
This akicle is getting long We shnl touch this
last point a, another time