New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-07-27
hch az. to becom. 10 ,om. e,.n .he financial sseots

which to become 20 extent he financial AGENTS
the Government WILL In opinion ere long De the oniy
the older richer States continue they done. snd
large extent cotny to fOni,h s.d less
70 DO y tsrSssh .ns agency Of Nnaas Bai. I, s".iios
hem o. the privileges Of the National CGsncy Act for
o. ng their capital and credit to the ope OF IA.
sta they will tho satisfaction Of kno~iog While
adding u their weeh thy are 'tr' nstcnnz the Gov
aud creating p9we'i1 inf1e sainst repuais
os by aiding furnishing TO the people circulation
cuei the 'oci, ard representi9 sac uiy OF "a, nAon.
Aside Iem % circulation TIE National Currency
as able bsnserf tue b. hing laws Of most Of
States Should prove to be TOO .'nse' 10 .a's 70
expec. thu such amendments WI! be ~ Il a. will
coGmodate il TO tie reasonable requirements Oh eaplsils
ans the wants w Gt great sos ses,s GS1 with the N.,,
Ct cuon according to the proyioos Of tue o5d section
l.ve This section IS part Of the law, AID must he
opeyed. hye hoped however tina. yey few benks would
claim the Of It, The engraitng upon naonsl
Of ban.ing Of provision that to some extent desd
tionai,z H. 10 my opiBon greet mako NoI eaa
stand how State Bank. hout the aid Of state iess.
ation all themselves OF the proyions u ths sec ION
violating their chartes or toe laws under which they
are incorporated bus II sDaoiug acts adjoining rtass
Bspk. 70 circulate tho National Currency Shoua
be passed BY the Legislatures oil the proper saies 'hous
ali ,s, 6.ipg coiup.ed 10 furnish this cIrcney Bsti
tatious over which exercise no supev
ion or control trust that few banks WI ceo' oonds seo
ciim circulation under the Old section but that hs ss9cE
der, of solvent Bnas who desire to conHect themselves
the syseu. vii do so, by ayans themselves OF ~
privileges of the 6lt s-ct.on or, what would DC seee ava,
ey xInainy % their preen Sat nGt,to and organizing
ndepe nient o. tn. od ones Ih7
tho to provide national sircn ttoe "a 'ns
.zency National Banks which should be SUBJECT to c"'e.
M, ion q Id control Moth ng would be sure
to destroy tue symmetry Of tho system or Oe more pkey
bring il into diSrepue than dsiouIioa s,o % s,.s
of tho S,sss e. good Id and iadn'feht -
national currency. must however obey tle is" anu
from doing by Judicial oecsi'n OF an aatno
atye OPINION SHAH furnish ccnl ION Uul-f sne
met Associations organiz, ui'r TIE ae' -
Ia ely mat St bEDk, oe srpp'ei u sny c"b'deAe~
extent before the early pam OF the uext year.
nc.tn j. expected that state bsn.s thdt may oecoms
Nousl tho list secon ei tho act VIII
Civ, up Their present corporate names! ,,
Controller of the OF the fressrry
.f,er ucl con.iders ion had " the concinsion's
Currency to Dr. provided through Tho inatfuDss
oa should have common Persons forming assoctS
lions unde "a. Act have therefore, been advised " tske me
h- names F second, Third &c Naiiona RAMS o. ne
places In they established ACCORDING 10 crdsf
This rule + to be observed by STATE
that bs converted into National BANKS pnlof tns
ID. Glst section OF the CT az well as oy oshai
H. In their new they desire 10 re'.n in sone
way ihe corporate must Do aone IN saea
manner will interfere with tue symmetry OF the Snoe
on hch furnished to them, bsrfrtcri shen
National AssocistioD- Al VINO c'nheo '"eieN0
ih tb, sys-m have a common interest la i1aAng syn
etrcsl and harnonou vel a. national Tie retsnii
BY State BlIss Of their pIeten CORPORATE n'm-, sue =,
them NJ and differing ffcm others oSy IN locAtY "2dio
nr.yent ts snd interfere with the uDipTmry "hlch
d-.ir.bls u maintain IN she national circulation a,
klo with teuscty and pad. H. managers OF o,e
and vel conducted bsuks cig 10 tue nsJes wAich ih-u
ability aud integrity havs d-De muci 20 she nonoapet
BOT would suggest them that VIII De an easy ue ict
men. % transfer TO National Institutions cr-aii which
h-y aud their predecessors hsvs given to state iusttGon
h. n 4. ID. Of bank bat the Character OF ne ea
Who conduct snd the character OF lie securities ih
give to It the confidence OF the pupuc
The Merchants Bank OF yston u" net lose pa'uce ot
credit by bee ming The ir Sai,us Bank II Boston; on
"a. contrary, creGi, viii be iLprored ~ IT, Nof woes
tho Of the Oh, nca B4ns OF New ferA os ~hn ,ns
... y.uabls would reputation be IL tho Eighties. a.
gree l.ss-ued becoming the tenth or the tis Ne
,ionsl Bank o, Ssw.York ii. AcCULLOCH. CSn''oass.