The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1867-10-31
TIFFTN, ONO, THURSDAY MORNING, OCTOBER, 81, 1857.

ierent plates aud designs are used in
printing the bills Of different demon
nations, il is impossible to alter Ma
tionsl Bank notes FROM lower
denomination to higher. Aud the
Treasury Department, by its uumer
Gus checks and guards, and the
elaborate perfection OF its workman.
ship, has 50 far succeeded in produc
ing a currency incapable Of being
counterEeited, that there is not now
one dangerous counterfeit e1tant.
whore under the old system, there
were hundred How great an i'm D..
provcment this is over the old eoudi.
ton Of affairs, let the thousands Of
s@ss11 working men answer. NSao. i;
the days of mixed aud badly print.
ed currency, have found perhaps their
last five dollar note to be a worthless
cheat.
2. The uniform value Of the Ma.
tionsl Bank currency in all parts of
the country aud at all times is a
feature which of itself annually saves
the people millions Of dollars. 1t
removes every obstacle to a system of
cheap exchange between various parts
of the country, by giving to the cur.
reucy Of every State aud section the
same Volue and credit abroad that it
has at home. The note issued by the
National Bank Of an obscure western
village is just as current in New York
or in New Orleans az the note of a
National Bank in Wall street; and on
the other hand, the note of Nation
al Bank of New York or New
England is accepted by the farmers
west of the Mississippi just as conf.
IDENTIFY as they accept the notes Of
their own local bank, whose officers
aud stockholdes they personally
know. Let the people compare these
facts with the state of things before
the war, aud say if they have gained
nothing by the change.
g. To prove the perfect, impregna.
bic security Of the National currency,
it should only be necessary to cite
the laws by which the National
Banks exist. 1t is simply impossible
for National Bank note to become
worthless, or even to depfeciats in
value, so long as the Government
shall exist aud continue to fulfill its
pledges. Indeed, in one very import
aut particular, the notes of the
National Banks may be said to be
safer than the greenbacks, if such
thing is possible or desirable, for,
while the greenbacks are the nations
promises to pay, unindorsed by any
special pledge of private capital, the
National Bank notes are the promises
to pay Of private corporation of
capitalists, indorsed by the nation,
both public aud private credit being
thus united to secure the payment Of
these notes held by the people. The
double and triple character OF the
guarantee by which the circulating
notes of the National Banks are
secured is well illustrated by an
incident occurring in the early days
of the new National system.
In 1863, shortly after the organiza
ton of the National Banks in Harris
burg solid Dutch farmer, of whom
Pennsylvania has many, and whom
shall call Mr.. Schmidt, entered the
Harrisburg National Bank, and sig
nided to the cashier, Mr.. Weir, that
he wished to draw out two thousand
dollars of his balance, Mr.. Schmidt,
by tho way, was a stock holder in the
bank to the amount of ton thousand
dollars, besides being depositor; and
il was his habit, as it is Of many of
his class, to keep his balance at the
bank comparatively small, by drawing
out his funds and storing them in va
rious odd places about his dwelling.
This was done for the double purpose
of preventing the "boys" of the fami-
ly from learning the precise amount
of psternal funds on hand, and to sat.
isfy sort of vague belief that money
was safer in his own hands than in
any body else's. The cashier step
ped to his desk and filed up a check
for Mr. Schmidt to sign, and then
handed him two one thousand dollar
greenbaeks or treasury notes, clean
aud bright from the printers hands
just such as the old gentleman had,
until now, preferred. The bank Off
Ger was nota little surprised to see
his customer return the notes with
the remark:
"Tank you Mr.. Vier, I tink l not
want dem dis morning; | take some
your Nash nal Bank notes dis time"
Certainly" replied the cashier,
the bank having just received its cir.
culaiing notes from Washington, and
he counted out the required amount
in the notes Of his own bank and
handed them to Mr.. Schmidt. The
latter deposited tho new currency
carefully in his waistcost pocket, piu-
ned it fast, and was about to depart,
when it occurred to the cashier, to ask
him why in the world he should pre-.
fer National Bank notes to green
backs. The farmer took the proffered
chair aud proceeded to state his rea
sons somewhat as follows.
"Vell, Mr., Vier, bin readin the
law of Congress, vich autorize these
Nash nal Bank, und l bin studyin it
too. Den ! bin studyin Mr.. Cookies
leetle book about how to organize
these banks and set 'em going. Und
| tells you vat | find; finds dat the
Nosh'na Bank notes ish te pesht-
peter as greenbacks."
"What in the world brings you to
that conclusion2" said Mr.. Wier, to
whom this view was new.
"Vell,' was the reply, "greenbacks
ish goot very goot, goot enough for
anybody, but | belief your Nash nal
Bank ish loetle peter; because GDds
in te law that before tbs bank can issue
one tollar of circulation, it must de. Z.
posit NIT te Treasury at Washington,
one Eollar und ten cents in Govern
ment bonds, and 40 If lis bank wants