, 1866-12-18
Gl)lfa9o Uribn'1c.
OAuY, TRIM EEKLF ANDWEEKLY.
OFFICE, No. ol CLARk.sT.

corleb ef elihcr the 1r..Wccstr OF WrcxJ fdluoas
1osv fr{, Ten IT. Cen. o. the subscription price
Commission. |
Hf,cx 10 SrnscIIeKn4--iEo ordering tho Attfcae OF |
~er papery ehseSed. TO prevent delay. ba surr eod
epee4fy what c,aoa Eou taI>-We-kiy, TrIWeeSly, |
8, DAILY Asa, <tre your rEr.Er and faturc addees,
~ Aqn.y, IL Dzsn. E1e-ess. RoatI orders. -ortc |
Resissc.ea .c1rs usy be sent Al oar t'tk. Addnss.
TRIBUNE Co.. Chtea4e, Iii.
TUESDAY. DECEMBER is. 1sco.
uOOPEH'S BANK Is1LL.
The House Committee Oh Banks and Ca:-
rency, have introduced Hoopcr's bill, max
Ing number Of very important chnScs In
the existing National Daukiag act. AZ craTy
bank officer and stock holder will he affected
br the bill, II it beconlcs law, we publish
It entire f,r tlcir information and for the irs-
formation Of the business public. For the |
'pcurtlt Of The general reader, who may not |
hare time or taste to wade through and |
study the whole bill, VIC hercwith present
the clliI features Of the proposed amend
meute. The first one relates to the
manner in whi.h banks shall bo
managed, how their records aha,l bo
kept, and provides that tE.ce-
m1"s y. -. I... ~.
o."'e :" ~. -,la,-S .s -. :, 49,
SeU p'seeo-n tus's s.ee' ",, Ann 49, ~
a. I.ass seA sN' ~ s'.. -. I'D,
49,. ~ 1890. ~" d., - x's,,is 49,.
tnae ~ 80 ~, ,sa... ~ 49,, 49,. ,a,,,, -.
tus4es' ~ s ~ ,ss,,.,1. r.a,,ana.saa. ~
sne ~ ~ -. r.,.. "ss -. ~ ~
See- ~ Pe''Is ,,s 80. $50. @ 49, s. y"
auS 4sau =. u.-t"AI w alHs ~ .u'si'
q. nno"eo ~ .Ae 'a"h y. tne Sla.e ~
QUIZ "u"ct ,eaue' aau "nsa " 'ale -
neo y. sas 1,, .nea W. :. ee,su
pel esas snA, " !, .,,I Sst.' '1ss -
tnan a'o,esain e4as.eo Il VIA VIVA t'''
ie4a'e " Wv en.'e ~ oSo., o.,..,.
'ns an. ',', ~ r,.I., a ~ ,'.s,a.ss ~, r'a.ss
o. reae'npt"n tsaos Aas caeu pAna ioca.so
III any o.,e' I.nee .Aaa -. e!.es ts'Meu ~ ~
seet'oI .. tIs:n ssleet - lam W oanAS ~
any OF Inc eit'es Aaneo "a iaal seeuoo' III
Which lis NOTES VII, oe feocemeo on psesen-
tssion at par &C. 1he cues ieieffea ~ are
New 1ofk. fh'laaciph.a' 6os1on' A!oanE'
ChaTicstons hicnuono, NE" o'ieans' cnitaEo'
cincinnati, 81. LoulS' LrasenFostn' nihHau-
Zee, Cleveland. fiItsonfEa. Loniss'''e' ean
fIaneaseo aa'o y ash.ns.oh ny
- ~ u. ~. .,'.a e,,ts. .n.,t ..1.ct
ra,r -. H.. ei;v ~, Sc,r yort NJ ,rI.;-h u.
49,, .,,,.. ma ,hn nn,.. of anr Inn1, FIR
own QRLe-y NAA AAE HUGS VI AA3 LAaA1A AYE
which II scts NJ redrcnI.- agent will be- re-
,,.,,,ctf NJ ,,.r On presentation. The conn
,ry banks ire thus TO rcdce,n at the bapks OF
The larse cities, and these lu turn NJ the
banks in Ncw York, both for themselves and
their customcrs-iLc country banks.
Another provision of the same section de-
clatcs that compound interest notes shall not
be included In the Legal tenders required to
be kept as redemption fu1d. The effect Of
t!is seciou will be TO cause the banks 10 sell
their compounds and lock up hundred mil
lfuns Of Erccnhacks ~ q reserve fund, which
are now in active use uud circulation. The
Object Of the clause Is to produce large CON
traction OF thc CURRENCY, and IL stsinsen.y In
the money market. AMI such must inevit-
aoly be the consequence unless Congress
shall order new i.suc Of grccnbacks to re.
place the Gun upouud interest notes thus with.
drawn from the bauks. And this Is what
Congress ought TO do, IS Il would save The
country len mil ions q year Of iutcrrst with.
ont uroductnp commercial striuoency.
The amendment to section ,hirty-tuur pro.
xt1es for a fuller md better monthly ren,n
10 thu Comptroller Of the Currency. oCthc liz.
bffit}es and RESOURCES ff each hank. Tho
amendment 10 section tlirtr-e,pht declares
that no dividends shall ever be nsdc by auy
bsnk TO a rreatcr amount tlan its matt
uroats on hand. dcduc,Iur thefefrom tts
losses and bad debts: and all debts due to
INV l,anl On which interest IL past dua and
11nnala for sir months unless thc sam. shall
be u.rll .rcprca and In ,,roc.s. of- eos,ectfon
.,a,i bo ,onsidrred lad acbts. si,hin 1hr
rncnn,rr If the M. The anenamrnf to sae
titp forly-ouc provides that in lIeu Of all cx
istips tsxe, every bank shall 1.ay Que
half Per cent annual tax on its note
in circulation, and o.e.llatf Der cen
on Its aEerngc uenctits: and. furthermore
that the capital shares Of earl, bank shal
be subject TO taxation under S,atc nu,hor;tv
but rot q: greater rate than :, nss.s,r
upon other money c.n;tal IN the hams ~ IN
l:%idual citizens Of tic State, And The rcy
estate owned br apy hap,, tla1l nav stat
taxes on its yslus trc same as other rca
estate.
These provisions may be aistastefu1 to II,
hanks hrt .bcv NIL, ~. .n3n,eo, hv N
vbolc co1.uuni,y AZ lust and conitabl,
The national tases on TIE banks are r,
duced to .bout one-ha,t or vhat they no,
rav. In order 10 uruyjde for the coutIurcnc
ri State taxation. When This amend uent
,aontca enc Ixrrc source Of connlsInt an
grievance nn the part of local authority
ocninsiHbt National Banks. will b. remove
md set at rest.
Tbr amendment to ectiou furtv-fiyc ,,r
rides thaf ro National Bank shall be s