New-York tribune., 1842-02-24

and II
connected stem. they propose to modify it,
,icy submit the following pal
See. Plan extracted in our last-Ed. TIL
The committee then propose system tree from all risk
ind perfect safety; system 10 when there - "ot INC
possibility OF hazard TO The community ami non. tn th Gov
except IN the keeping al The public money ins -
risk which at>n be incurred on The paf OF the 90
vrn,nen Is nse parable from h'y system i ne s. ns
proposed adopted. II II BE- suppo ed az IL ids oeeh ny
20. n.d S,atts or r..r liz: State bank osts sys;en
i!r conlniec area!y shown that both those MODES OF
icpng II dre utterly o! tte question hey therefore
oi N the riDcial s9e0cies only ist, namely,
he ustod oin vdua. appointed ior the express purpose
,y the Governments with A. anpe ,uretlc, ana nnoer snch
penalties l. liIe law Is Capable OF ioVldIHg
This system :, designed III. coircOn safe keeping
aud disbursement the pubic revenues AMI tnous! y.
operations furnish Uniform currency sud 70 equaiiAe
-achasr,e-.
Inc c.nnit,ep already shown in what way it would
Ir,. tnitor,r curreDcy and they doubt that
he specie uo,es Which woula be put IN circnlaon ~
would in amount ezcd the circulation 81 he air Bank oi
i. nitei states. Th, circulation Of tina, lntu-
ION during the existence nj charter ABOUT $4,000.
BOO and il, o! -ptcit on name snort OF
81 f06nG6 II ,srne wears il. specie egun,d Others
s,4sa IL circulation iai bot pan,op coaIenc.
M 1899, and continue! 20 he expiration OF It's charterls
average circulation would no have MECH exceeded rs ave
lat ,-ce hand 4 be- doubted taen, that the
circulation s EXceGur viii equal rot exceed that
Of TIE Bank the Ul:e states And il the Bank oil me
rled states furnished uuItorm currency, then the TX
ctGcer viii b. capable Of dong tie same; aud mat 700
t6on any ris 70 community, or hazard TO tue cFeoi'
This ,giien p,.he VIII do much towards equaI
zing exchange The runous rates OF exchange Detwts
iSiD0te secIloos o. tP country result, tssehI'iyf ~
depreciation OF :ae local currency. f,,,
il the paper ctcaoa NewYork ana Ne% ~ sSe
;rere both OF thu vanr Of specie, and ne oaai. M
between the pacss, ny Of me M .,ho.e
commodities Derely nominal 10 a.Isocs al rad
.an point, would he al par Bot TIE ease Seu or
yr in favor az Ny. York, then bili d:a"' d, .se
r,. On Ne,..y5,s would command premium eQo1i W
- ias,- interest. and ober necessary ciiafBes io'
s.,; Bar tlot the paper crcu ai!oh OF .He"
W 5paloa Of is onyetubility olthe saae Q! spece
10" ~ Nm Orleans deprecated because 81 the sis
i at - rs banks b Drawn at the later Place On hs
!sIs,nh . .. raid o il deprecated paper would command
.nuaI % The and charges OF renting specie,
~, - The amount the depreciaon OF the local paper
yalur OF specie. The reverse wsad De the case
IL, thes. circumstances with bill drawn 10 SeT-forA
~ Say Or!eaas S4 regular business, wi,hou, great
can t.e under such ruinou. rate OF e1-
anga Th. aiforrn currency WHICH Will BE- furnished by
e operations the Encequer will do mich ts'yaid cur
lag this great ey! - -.
BIt there i another feature this system By which ,nr
xrh1nges III he perfectly accommodated whch IS tie
cover 10 sell collect exchange. The committee nave
heretofore afyerted this and. this whole SUBJECT! aase
con Ited OF the able pracc aad enSeo
nen and their sitws iuly conhrI1s1 W VIC
nation derivedrom srct high sources the s;a
any way well illustrate this branch oil II ana ~
effects on the seund local banks together win o.iieI
ayes as bv briefly eu.dving The following We've VIVA
1 save ,hnz been communicated 10 :heIu.