The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-18
THE NATIONAL HANKS.

Reply 81 The secretary - the JUsesssvy ~ sh~
senate Resolution Resstvts9 she ks@ss ss
thc BANKING Associations which Have NOT
Complied with Law Heasfrisg "a Res~rvs Of
Msnev on Had.
Tue following communication from the sore.ary Of
the Treasury va laid before ths ssnstc.--
TaKASrnr Du.rrxssr
fUlgss CisrTE0LaEu GUS ysGr.
WAsBisoIos, De-. "a, lsC1 ,
Sal hrvs tb- honor 70 nckno~lsdss tho receipt Of
the following Senate resolution. -
Rasolved That the Secretary ~ the Treasury u a.
ysciad report 10 tAo NJ. or ihs
bar kag associations which have failed 10 comply @itt
The provisions q .hs law requiring ressys q money
ray any, 20 enforce -gaiDatsuch ASSOCIATIONS the pro
vslons 81 lie Lao.
TO ss inquiry contained 10 this resolution reply
thss by the pr0ysors % section Of Cur
rency ct al national bank ~ associations required
70 make report exhibiting 10 detail Under spprosist-
head the resources aud liabilities Of the s~socs.on
the ds Monday 81 January, Apr July and October o.
each year 10 addition 20 such quarterly reports each
associate h required TO mako monthly statement
syhIbng IN. following items 70 -fAyerage afnoa nj
~ loans dscouDis, spseio other lawful money
plsss tan tboss ci,ies mentioned "a IN nrty nfs sec
lion 81 the act shall aso rs.afn the account dno tam
available for tie r~dsnpieh ~ thor circulation. TIE
nooihiy sntenontA thus required o. no prseicai
value ~ dsssfs,uisg rtssher The hanks hsse compl,ef
with The law reisuvs 10 maDisnns the reserve " las
FOL money beasase hoy saLlp.t averages sp1 a. not
Snow the actual slsis " thng- 81 10y slssn
date. The qusrefy sAf~msnfs Aons ~t fpftb the
facts fnlIy upon th.s point 20 .. 70 sssb's N
cofDp,rniler " decide wLstbsr the bsBs. hays
complied via the r~gursmssia u question: rsa ali
otrerss th.refors. thai tho details faF
n.shsd bs four timos during TIE y@-. The isissa q
hscI infosrostos sow A. mend 4 ghthsrsd IRON sss
sfsy ave banks rars more % ,~s s~ac.at Ia ,sH
~ awful nsnsT eThsy we're nmoilaisiy Dosahed
that 10 scrcIdancs Nth the Sons ei.sss y ss~'lon
thirty one 10 lnrrsaH their lsbiti~a ~ mating
sny new loans and dscsuaf afL@r~lss than sy douEt
ing o. PURCHASING bis Of sroaags pay able q ssst
maks any dividend ~ thesr p0hn gstu th~ rsqalssd
proportion bss-sea shss crcuAi.on asd deposits ard
tber reserve o. lzsfai shs8ld ~ rexLo~d hps
cal stAismsssa ~sr. called To- - - nafs nnf-r osn
once each wseG foe foer Consecutive sesks. Too NE
purpos~ Of demonstrating thsss compliance 9Th vs
lss The returns n every cAss vsrs prs'ap ss< s>s~
Ian ~ opinion. however that M. assailsd ssS~@Hts
made quarterly oastt ~ BE- made fre1sssiir
aad ! hsvs rsccnnsnied 10 ny rsps's ,hs, ,se a.
sisyud % 40 srslass - % require mainly fyturns,
svblbuss the ooriltios a tia bsns~sn detail w. ths
plan tts condition u s@eh e~ss vesa ~ Drosgt 40 ths
he souid 10 snsblsd . m.rA ussts thorongh
sse vsiiso, supsyvisen thar Il p.<sbs f1r him 10 40
sB5~r The law ~ u noe st1nds
me recent Reported ass-escls. 10 10. iAwfui mosey
rs~~rys Of tbs hs- YEA eity tssss has csus % ny
ksossdre eny throssh ths pres
sss s,aisnsbs. skewas sh<i th~s fsl ara ~ essnpy
80. Ne 40 - s~mps ", Asd nss sDes sssn r.ns-
iss pe-sns.. a. ss..ssas sss... -. recognized M 90
uot tslrty thst Ia ~ tSss lnwtgloss
10 Bs~os, Nee ysrs ant rhllassipbA nigh, y
4avsf rep0r s~skr ~ go Comptroller ~ The
rssey all b4ass that .rkiial<n . ss1e.scy o tns.r -
~rs q is~fsi ncs~y, srd that tns sr.<t u 49,
oossiusisn mt mo s.s " ny lsf~ms,,ss rslss u
tse wh,sct matter " ne teseiutoe "a 20 ug l.ss ts
la ~ ths tsnss shsH ashelsnt their rsasrv. .gs =
e-s ~srs q sor 9arxion ssa we've pr.saay r.c,inss
" shall ~ sersa hs~svs tk-s ia ~ b@sss 80 -
~''''1-< '~, '"'Ss'''aay' ysr'. urn,srnp
= .J,~yoiy sad Aesias cssppassaiss - a. rsu.aer
- "~-- Aas'.LDes. ssss2sy q ~ Ir~Assv.