The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1866-01-13

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aUm' tnm on co. sufIeff ~ fIl
h]fpn8l currency 1ifn sf alaai
fnao tHtarat ~ Hts Nuianll.
lifuh aHl umr ia f fnaan N.
il'm aHr haai.d m ff tf, NJ Sow
faft fHi mllat.af.f, onml lael
fHffi ani bnb ipul flul NJ.
df eifg Il Sow fml 4nd 10 u,
Hy laf'w nYIine ~ n.y. With n,h
Hi'r nnl nee 10 pp Ni# responsible
iuf mDh mhtra nmn And " tbe
i,,A National liink of ttf tItg of.
Sos Yofh .hmli fal that would
ma nnrt he dha F tty 6fe Bl
independent lmol A moi many
prrtom have jumped 20 ihc mncln
iou llni iho "etnback q notes
HoI vs. The Government arc bdtu
than lhe nnira ~ lboo National
linul and aw refusing ~ take the ,
NOTES of my Of these banks 1lisIl
is mistake The "wpubuel " are
payable nj the Treasury Of lhc Uni. Il
i"d Niric without uyingwlcn The n
Government may pay them NJ amy n
time within the nczt G0y or hundred ri
,orrs Read the endorsement On the nj
oi these bills, and You will acc n,
HAT they are only rccciynblch for loans ~
o the United States, bat NOT in pay Vi
ncnt of the interest IN the public oy
lcbl, or import dues. They are but IN
lotcs on the Treasury Of the United m
to be redeemed whenever Con so
may soc III to provide the means n,
do 50, and they may order them du
inded, as the Conlcdcmtcs did their m,
notes. But the notes of n tbo
'aiional Bank are issued by the Gov an,
'nment upon registered bonds being PR
with the treasurer, who orc
Innots issue notes for more than rnc,
ncty per cent on the amount of find
c bonds deposited, and if the bank hon
lis 10 redeem its notes, the treasurer the,
required, within thirty days, to sell free,
bonds and first pay the note own
ldcrs in full, in good money, and emit,
the bonds do not pay the notes, still
N he Is to appropriate all the other pcri,
cts OF the bank to that purpose, in motto
ference to all other creditors. else.
he statement on the back of the
that they are a legal
for all public and private
Is, amounts to but very little, as I n
re are grave doubts as To It's con- W. +
Itionality. Besides, it is strange ,
Congress should say that these j. W.
$ are a legal tender for all public II. W
:, and then say they are not
] tender lar import duties, or in H. II.
'ts On the public debt. A good "' III
! tender must apply to every n
2, and If Congress has the power ,Ics.oo
AXE these notes a legal tender nj B. s. $
hey must apply to all public
, Us well as private. RIB.
. copy the following remarks on A. A.
of national currency from
BaRcia. To I
understand that in many in on file
; recently, some of the CITY which
ants, and many of those from mtient.
lntry,, have made a discriminn- a, onoo
favor of legal tender treasury 49,,
'ver the national currency. re- 'n'S acc
Z the former safer and better =
away than the notes of the vFW
Banks. II is evident that 49,"
bic is not fully advised of the -
ms OF the national banking Ia.
protect the holders of the chr. -,
from loss, even though the VI
fail.
institution organized and
Ting business under this law, cr1
authority is grnntcd from tho OCl
ncnt to commence business. -.
post United Suites registered Whole
NTH the treasurer Of the Uni.
les, as security for It's ~cirru.
notes, to the amount of NOT
n thirty thousand dollars, nor
an onc-third Of its apital No.
! the association depositiug
comptroller then issues TO tho Oe'0''f'
circulating notes, ninety pcr n ,. ass.
the market value Of The Memphis
but in no case morr De,
, rctaining the ten per cent. MS
'rgin as q protection for the Manuf,e,ur
lent.
the thc ' f"II S,,o N II any any eve event !. Stoves
oncy, and should the order ~lIollow Wa,
dcprcciatc, and the hank riuwarv. c,
axe good the depreciation. She, lH'n,
'rnmcnt. and not the note ''0sN' i'o'i
,n,tlsl lan tLa L.. Ma. lun