New-York daily tribune., 1842-11-29
- ~. sts.l2sse 81 lssisss -; =
The ExChnu gee -,

The Morning Posi- thinks we do not meet tsar-
guments fairly on this subject; and especially In
stances its citation that, Mr.. Appleton, U. s
Bank Director, once testified that the late U. ;.
Bank took care to charge the highest rates OF ex-
change which the alterna iva nf-tranePorting spe
Gle would admit Now this statement must have,
referred to the practice Of. 5aying 6iHs' of ea-
cAanges-in other words, lending money on bills
collectable in distant places: bat the Bank may n,
have charged the osteofttranspopti 6 specielor
these bills, is very likely.tbut thaty-f many5o{
the last years of the National existence ofSths;
Bank, any man could procure its bills par in any
State and almost any city of the Union, which bills
if RENTED to any other city, would there be wort
par, or most only one aasrter ef one per cent nj
less than par, this wesdo- kpoH,.---For some years
the bills of any Branch were: received in dePoste
at par at any other Branchsereat 1he-parent BANK
and were thus rendered Equivalent to specie.
Thus, if any man in Nlissolrl wasted to paay'a
debt or meet purchase IMP Philadelphia, Newark !
New-York or Lowell, he had senly -to'procure notes
of the u 8 Branch Banksaf+St. Louis or OF any an
other Branch (Which it was.easy TO DOB and remit
these and they would sbeIworth h&theiriace ~inaRRy
part of the Country. This IS what we call q 4if
form Currency or equslized Exchanges 4whstIthe
Nation once had, now yaneeds, .weXerilS
believe is resolving to have and will ihave again
While it was a great convenience and saving tothe
People the operation was attended wlthin 70
the Bank, which made ens12ss <Seirc9atiop'
and had no more dollars,to redeem than 1t issued:
The Post need notsthinkf4t9 Tighten, US fYitb
words eve have teoslohgssbceneestg gmaeised
Aris,ocrat, Federal5ssf Coon, ,scfc5 10 mndaheni
much) 1t mouths over and again the crysof
Monopoly Monopolies,Ssend it one house had
the monopoly of the business: ABuewe have never
desired any monopoly in.thecase - OurSRost Office
has monopoly of letter:carryihgs which ssGs9sS
tanned by restrictive and ypenalelaws:% Safety
Fund Banks esce had onoPoyso the business !
of Banking proper,i {; the. receiving and keeping
Of pepostes, by virtue (qr the RessrainiRs
Act Blu, we seek no mono 5p9Sof the Exchange
business for National alsBaassss Y swouldI5giys
such an institution ususl<Banking powers for the
sake of the benefits theySyonld confer on the
country; would give siSss. he keeping. of sthe
Public Moneys (keepngs, s,he,amount'on hand very;
smalD in consideration Of Sits transferring them,
to and paying them att any point where the public
service might requireilhem without, charge; and.
we would bind it, in further STeeompsnse of its,
privileges, TO furnish ranch for cash there
paid to it, bills payableAatsaay sa
charge not exceeding oSs-fogstiE or Fone.half Of
one per cent, Then We Would ssye every 4 man 4
TO make his transfers or wisiioa5
the Bank just as his or whin shoud
dictate, content wishsRsIsnsa sdiufm
of Carreney and Exchsassfa1bstssr ttli4t1 nov, u
exists or can exist saSssscs otss .Banlsts,
any should proyiasa Ess. a
have every man fret s<ss h 1sssl1 Z
nothing to prevent hiuswyassssest Ia. "a
The broker,,ax, bsns,agsasy isxpulsiSns small
bin restriction, Specie Circular sort
of carrency legislauonbelong lE,osoS5
school, bu, TO thar of Bent onisn: =
The Post is afraid Exchang 3 may be too cheap
an apprehension which We donet share Why moi
extend its benevolent anxiety to the Post Othce