New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-12-14


heoa settled by tho Supreme Cont. In favor Of the ne
costly and IIofgiCty 81 wJy ia" various com uiA
IONS ere rTcson ed but 10 II reeonnrnd'd mat VI
rf,ny OF thc Treasury. conii.i Sion to tr 'Ai
v tong-rsv be authorized temporarily :" relieve inc
mn ouui banks IN the cites of Ihbadephm New on,
BctcD Sc from all penalties Ter gs,y' we1 h, pro
oo.c. theleLy l. II IL Thought inadvSable Ia inuh'
the SUGGESTED amendments in regard to usury then the
noIiona banks should bc subject To the iehaios "'
lRury Nhich the state laws IMPOSE -,
Il suggest also that section - b. repealed ana t'
instead thereof section DC inserted author'Mht Wv
Lonts M make scmi-annunl dividends OF profits but re-
curing them before dividends are declared TO carry 7"
tie surplus oncsiyth part of then net PTohts' uil
their suiplls funds shall amount to thity per cent 81
their respective capitals.
Sections ~ o. and IL should bc repealed.
The sixty second section makes / the duty of the
Controller 10 furnish the national currency 10 Any
banks or banking institutions authorized ny S'n', ~"
TO engage in tie business of lankinP upon h'ir u'er
ing the Treasurer the required securities No MAJ
Ten what may be The restrictions Of The state Law upon
the issues OF State banks, or the character oi lo ph
ii they claim To- be the and are the holders 81
United States bonds The amount OF nifty per cent OF
their capitals they deposit any part of these bonu
and obtain circulation therefor IL ~ dihcnt 70 con
cciye of measure better calculated 10 bring the ma
fonal currency system into conflict with tie States hu
into disreputo with the people than TINS thder w
should have banks receiving Government notes Wtn"i
beng in any measure subject 10 the supervision VI VI
Gov,rnmcnt-derivng al their corporate powers from
the States and yet issuing notes not ahihof<cu y!
STATE laws We should have banks that may have Dor
rowod the Government sochIltl's hlt'Hlptis :" pV
mn doubtful reputation by the credit when an issue 81
nrtonn circulation would give them, ana casting re-
pruaeh upon the system by their naby 10 'ue''n IL
II States have night 10 create phs VI sra,' ,~s
must have the sole right 70 control then tohbIvs
can neither increase diminish the powers o hssiu-
toas brought into existence by S;atr r"si ther pow
ems do not oncroach upon the authority oil tue ucher
Government. - c.,,
But If enabling acts Should be pass by state Legs
tures authorizing State banks 20 al themselves oi
the privileges Of the Old section, tie objection 70 te
delivery OF notes TO State banks would De only party
,cmoycd Tie Government should have no connection
with institutions not created by hs own laws. ii ,'
tyo systems Of national and state Dhhkng are !" co
exist LET IL be as separate aud Independent systems.
t there be no nondefcripts which are part state ana
part national issuing two kinds of circulation created
~ different authorities aud based upon NHer'h'
sccurtI,s
suggcst also that be made the duty 81 the national
banks IL required ny the secretary of the Treasury, to
oct 0s financial agents Of the Government. ana !" re
ceyc on deposit moneys for account OF thet nt'd states
or any .hnrsing agen, thereof and Ia give satisfactory
security COR the iaiol performance oi the duties ie
CURED Of them.
onired To prevent trr notes from being deprecated IN
hc commercial cities Of tie country and that TIE ma
na banks in those cities be required to keep their re-
serve Of lawful money In their own vaults. lhe
national cufrenc,-securcd II Is "a b. by the entire
resources of The Government. Receivable Tor ni puhc
dues except duties upon imports ANA ioi al Obligations
Of the Government except tie interest on the pubic
debt, and In Of the failure OF the banks 10 %"
promptly redeemed at tie treasury Of the United states
can never be mnch Deprecated. no matter what may
b. the location Of the banks by which u ~ Issued
l. In addition % nj this toe national currency is. IN
tn commercial cities o the Union kept absolutely md
always az psr II VII attain peri elton never !rt
rcaclod by bank note circulation ihnt THIS may DC
done without prejudice 10 the banks bui rather TO their
advantage have not particle Of doubt.
National Banks are rapidly Organizing IN TIE wy
hes rapidly in the East IT. both TIE opnion " Ispay
lour supcrscdc the State systcm. Ect~ecn The two
however. iherc u no necessary eon'lon' nc ~"
tages - National system are lreiall -ei iofth
There have been dclnys IN preparing TIE Nhiona CIR
cuation but II j. expected That banks already organ
z.d will be- supplied within two months and th'rrahsr
within thirty da,s Contracts have been made With Tho
Continental and American Bank not" Companies iof
engraving m. plates Tor TIE i've ten twenty my ana
one hundred dollar notes and the printing u ID. Ewes
and has been commenced. The deifcry VII t"oa
| follow. . .
II j. urged finally that whatever unsouni banking
may b. attempted under 'ls sysiem--ard there must
b. some under I'll syfiems-ihe hsder n TIE note caA
never suffer- for h. Lac not oty tlc public scgnr -
but the faith Of the nation lctgo fvf their REDEEM
r. IN addition 10 tAis the national currency when dis
tf.bried among he Iops shAA tend to give ,'saas,'
10 trade by preventing bank note pancs and 70 Icon
tate return specie payments and shnl AID In frfr
atng tho exchanges II the country nj ihc same VIZ.
thai n meets the necessities ~ tie Government in ns
collection II its internal rcycnu's, and binds ne people
by the strong ties Of pcaniaTy inere, T. tie Govern
ment 1. win prove That the war. c-anii"s AZ ma,
| he IL not wthou. its c0mIsufattns. ard o nnfiona
| debt 10 not without it, Advantage
Delegate, to the MON TrniraI 4 omnsissce
In pursuance oil the call Of the Union Central
Committee. tho various Wafl Union Assertion. ne
On Friday nigh, a, their respective hcaAquarierA and
elected delegates to the Union Central Committee hpr
the year 1904 and deleguios a. the Young Mons Cen
ial Cormttco and oilrrIs iol the various Assestinn
we're aso elected The following a ia. oi lse dele
gates to the two Committees
iIHsT NaED.-tcufrl tluilI'icf~f- ]. .. L4ttef J y
OaIccuef Bct }. Neynio4th Fsi'1 fiz Asii-c" hsa'
Young Nous tDifI-Jaau '-.ey, lueii A.a4c. ~" 80
~ n a.
sEcosp WAeD- Genital Com. ii,,e-M. Fetan'rh
Wa gaotieyl J. g. ,ne9e u , h",,ai j.An sh'r'1,n
Wsrd, BEN. Lyndc. c. Dowuey.
TUhp VAN -c,ntrai coniaii.se-s slso'f. g. H. kspP
Af1o. sto1.ey T. Ircolie. join ~. totfs lUHi. Men
Cenfra-Wn Mc,iencssl Joe u. Co.a, ". D. sfiih. Jao
ForKrm WAN. --CenTal Committee Henry q. Lea.i
Henry II. Hur.i, JsHss Hoa,h. Mou4 in.daan, John
lpwyfr youns Meme Cen,f,,i-saaae Cool c.s- ileiae
4 fi1p wAns-CsniIal cepmi.e-yo'ePa r. Iayigr'
Jhos Sel,c Ja. n Tgliu, flinal klrrey John c5H'rc
Ii ogns Mos Cefira~Nl. H. Bailey And A. Cafiereau
frsd,rict NJ Paif.rt Cornelius Denton, chsf hclnedy
SIXTH MIRp.-,enifal ,ommi'eo-Owen W; hrrh,. a.
Mrhsel Ryan Iotns Men. CcniIs-IAomas II. Marin,
owen % CounoI Judge r Joseph Knor, james Oates.
liuusv James hrfaicu Charles II lsn Janos Hugfu,.
Henry Bfsm-T Young M~ns tenifs-Dasld Li.AtelheiD,
Jc.eTh Chamber llomss D. BILE John bafi,' orosse Tor
RismIm wmp-Cerfrsl Co@Ni.::, Blo1iley,
William Pee Jsme' Wlnie bottom 'gan % D s.,
Davis Young Men. Cen'ral-Jehn Fonhny' ~ VIZ. *
Hama Henry Murphy, David Osilcy, And,gw . 'silei
kISrH WARD eiHfrd tommiree-John Eeyf'r, sasni
r. Ru..sl Fober Ed~agds Alexander ~, keeeh Sinclair
Tousey Young Mems t'ntfsl-Geofro w Jspnes Charles
Whit kfby AcIaudeI - k.sleaOn, Tobias Ls~I,Hce,
We hingon l. Adams. - .
Trsrn W.sp-Ccii,rsl Comui iee David Miller, John r.
Lawrence Geo Donadson Nathan ~ HAL. Chas schafuef
Youas mens Ceutrr-iiciIy s. smith, John NHcn Nsao'
Icon Lsnttier franlln ka,nirc Lolir Hoffman.
ELEVENTH WAED.-tehilai Comn..iiec-soansn johnson,
WIN. r. Duryes, Lswis Jones simon Hafeten John Atkins
Young Mems Ceninlfrcd. 49, Ven Il,es. scsbai henns.
William ,. Taylor. I'd. ". Collins. naIs Blown.
TWELFTH WAnD-centGd 'ommiiiee-Abmm NAksnian,
jaime ~ n. y.
Msison. Young Men. Cenfili-J. ID &. OntwrtcT III. g..
Scar.nx e. = Arthur, a. ". ". Hume. j. ~. Bosiit.
IHIsrsrsTH WARD entfa tOmmitiec-leuy i. Smith,
Thomas Brown Hugh hcshit. John II. Duseublry, John
White Young Mems Ccnira-lieny Jsnn.ng'. Henry }.
- |. al. 4