New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-01-20

PRoTEcTIoE AGAINST CoUsTERFEITISG-We have
received q communication from prominent account
ant Of this city relative TO the above subject After
alludng TO the daily reports Of new coruterfeifs in
circulalion to the universal distst of paper money
10 the uurelatlcness of BankNo,e Reporters" and,
finally To the quent Necessity fors radical change
in olr present system Of banknote ssne the writer
gives the following abstract Of his ideas to the
proper method of reforms
many yeas there has been
m forgery Of Bark Of England notes IL vel known ga
adopted BY that establishment being found sueny acaoious
in suppressrg puous naons One maia guard ia addition
10 tie pecau in tho msu4etue OF their notes being
the peousr quality Of The pepper used Their Issues being the
principal cieug medium Throughout the country, 20 smi
ae evoy one With Bank Of notes that the most ca'u-
observer readily detect any nUs imitation II sThbi'ed
The isct tereorr for many coahty @hefe tbs
quot sslerac ica mechanical and artistic skill prevail
spurious hns beer emped q all events been success
in concniye thar Fysem may be adopted which will either
greatly suppes altogether exnsuiIh spurious issues Of Bank
note. ii tpefo by adopting system somewha analogous to
that OF the Bank OF England suppress forgery alofd
greater sas and the public, accompanied Nth
0drenog State and the Baak' therein hey oud wha, they
eoy aPp.heId DOR suggestions Tor those purposes vii
meet viii consideration important subject demands
our remedy then against colneri-ite and tue inconve
nsue Of number Of different IT, that Instead Of
hs yers banks in the sse Of yo issuing different forms
ices thry Co. there be but 10 OF note
ALL such be pepper similar to that which ia In
b. the Benz o. England each dsnooaoa Of note 10 addition
being Pes,ed printing and epsa'in being also expressed
by mark in the paper These should be mannfs
iu surveillance and authority Of tho State Backlog
DeptU and be supplied tire several banks sgainst coat
erals lii. present each being payable 10
denaud per indorseentsuch iud0rseu-nt be-
g The naue Place Of bu4nc of the bank which such
note may issued Thus for osnce, notes supplied
by Ranking Department the Bank Of Commerce would
be stamped the back payable at the Bank OF
Commerce New YoTssuoh ongayed printed enforcement
being s-s.,d by the signatures VI officers OF he Bank Of
Con.me'oe.
Under such syste would have bu! description Of
hank note differing tho fsos only TO nuab date, sud
amount the back place and bank where pay soe
Afer showing that the mode recommended wouid
Teslt actual economy the several Banks, the
noter being fOrnshec them By the State at cost price,
tie ritter continues:
Will tyeIn, therefore, requiring ouly form OF Bank
tine State ia lieu OF the 53 different forms in
circulation and with the guards which could be adopted against
pcg. In addition 20 the protection the special quality cf
the pssl would shoFd there doubt that
Only would tho seps occupation be sone but
public comfort snd be established han Is
nov obsrei with less risk paBio 10 times OF commercial
pressure There H. therefore every good why the Slae
Of SewYok heuld adopt thp uniform system Of ppor
nu,y to be followed II doubtless would b. by tho other
Stes Of the Union. Il IL fair presume they would dis
eOseT lie advantages over the present ore"