The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1867-12-18


derS..., 100000 900,
Total loan to the United States. $40 OOO, 600
For which they receive:
Six per centintrrest on $2J100O.-
..........l50 0O0, 900
tiNe per cent interest on $50 0,000,-
................"".. 4,5OO,OO0
5000
Butthey refundin taEcs............... l6,0OO.O 900
ieaNih S3,aN,UH9
which ,ile Government pays the Banks for
a io1u Of $4,000, ,GG0--a little less than
eo-tourth3 Tone per cent,
This appears entirely satisfactory Mt the
first glance but the Comptroller has omit
ted to state the feet, that of the $4,000,
OG0 Of bonds deposited With the Treasury
Department by the Banks, aud on which
they are drawing SIX per cent interest in
gold, &306, ,000,000 were returned to them
by the Government ip the form of National
Bank notes, for which, they 10 not pay one
cent In other words, the Banks deposit
$4,000, 900 in bonds and take back $780,
000,000 in circulating notes; leaving only
&34GOO,00 to which they have any title
and their title cyer 10 that is incomplete,
until the whole or a proportionata part Of
the circulating notes arc returned to the
Treasury. 1t is an CID, and heretofore con-
aidered a true saying, that yop cannot eat
your ]oaf and have it to, but in the ,aso Of
the national i'a!'N system 1t comes very
near oeing proven 'Ai"e' Most in'l'idnnIs
"no are NOT entirely iam'IT with the pres
ent system rf HaRnceor'ng' #oaii thIak
mat 'n"smnqA as TIE Government has pad
o92% ninety per cent. OF the bonis deposit,
co. " should re entitled either to rac"lv"
interest on tHat amount or 9e renewed ifom
paying interest on the ho7 Il. ayso2t on the
remaining ten per omt. This waQl IN,
lonbtedlv lie can.ilarcd fair and honest
nosa or,loin,, h,,s;,oss hotvoop ;na;v;1,,
,''''' ',...'','' ,,.'',' - I'' -"
1''' F4.i We are l':'1'"' 9. ''l'"N lifa' "haf
w4uhl be lst rs between the Government
aud the Banks.
,rro C'or,,trol,cr eovs tbo 17z,,,.7o,,7o,
.
also 0n'''' 10 SF2!2 a'i'toer I2cF' "nlch
might materially change the Statomont Of
the account; and that j., that the 1O,50O..
ngO IF ;o+pyo,s nqil the Ranks on t}o;r
,7..-..,..,.,1 iii ,.,,,, ,,.,
''.'''' 10 .''''' - '''''' "i''2, d. ''0 pres
eRi rate at prmtm, woA!d be equal 20
about $26, ,0)0 90 in carreucy.
Tha Ca,n7froNer srafo, tn bqvo h,,4 ora
oli,,. o.,l 4,,.,4;, H., r,v-,. a.. lo,,1
''J, ''7 ,''.,' 10y w. ''''t vas o",'HT anu
oAnE'A1 e"'1!aj az lAH expense o. ne Toy
eromcnt and the people. Had he Intended
tn make q fair statement of ha account #
would },,,., }oo,, ,,,. ri.o A., r,,,..
''''''' ''''' ''''''2 'N' WV -''''",
'nE:
The Books have }oanel 70 the Govern
m Mt rs tallone:
1-,,. ,,,,,7s da,,,e,f,9 ~ so.,,n,
thnfr s,;rcn,atjon. bonriar &
per cent. intoroat......... ....... $3.50. 900
| 0m!s bc9riHg per ccut."...... 00,030,0J0
---------- ----.---------
'F'u %@fo'9o,Voo
'',,,G, n'.I a,,,i,. ~ ''''-i aa, ooo non
----,----,--- ---,.--,---
balance o....,................... $1,000, 900
For which they receive Interest
IN %otd, *l9,o0o,"o3, equal i'll
currency Go.'..'. $g,70o, 600
'aS t,,. tneS fe'hn' 1aA@7 II cue - ooo nm
l'"'' '''''''' '''''''''' 'o,o2o'0o'
r.nay;ng............................ $1,000 oGr
z,b;cb -, ,,,vcr,,o..,t ,,,,,h, p.r1-a e..
49, ',' en, w. , ',3,''' IT, ~: ~ '",'N' 'ol
'J@n 0i |3S;9Jj'05J ii ''t'i2 ie"S tian %
per cent.
This IooSga gool deal as # fhe Banks
,r.., ,,o3,;n, n;oo f;+t1, s,,oo,,r., ,;o, ont ~
|''' I,'"'''S " ','' '''''. '9'I'''''''" ''. "
me Governments p'fiioH!aFIy when 1t Is
taken into consideration that most Of the
bonds on which they are receiving G per
o,,,4 ;,ton,s4 =, o,;r ,o.4 =, On o,,o.