The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-02

Total 81 49, 7o
First Of all will take the First National This state
ment shows that they have deposited but $3.50 to
deposits which according 70 this statemen Ia
but Sos 600 This, learn, 10 smaller than It has
any time since the deposits assigned to IL The
deposits Of the government hive usually bsen between
s7soooo and g. ooo 900 In this bank which has never
been secured BY more than $3.50 900. Now, take tho
circulation which t22sooo They have deposited TO
secure circulation but s25i 900, 900 more than
their capital stock which 10 the security. The law ex-
prsssy limits the Comptroller Of the Currency ninety
per cent the capital stock his issue Of 10
these banka Ninety per cent Of $780, 900 10 $144. 000
which - Ill the circulation this bank IL entitled to-
VT NJ Spinner gives them too hundred and tocy-fue
Eousasd dollars Of eoAyose tAosssmd dol.
Lars etrcSiatioM The public, who are interested in
the crsd: Of the government wouId, doubt hike 10
be informed BY what authority Mr. Spinner violates the
Law and gives this bank OF circulation while
other banks, sound basis cannot obtain the
circulate on the law allows them Next M take the
item Of prodta In the three months they have added
$500 their surplus fund and other items bring
the PROFITS up enormous that II is impossible
to determine, a. the figures arc mystidsd so much
for the First National.
We now come 70 the Second National. The organs Of
tho government and the apologss for national banks
question my statement that depous OF the government
arc no. fully secured propose prove by the sworn
statement OF this bank. that my assertion correct
This bank he's
Government deposits Of. ..................s $4,000
U. bonds deposited 10 secure deposts..... 10000
Leaving unsecured government deposits or $50 600
learn that the government deposits not unsrequeny
reach much higher figure. We wil again take the
proatA II the above statement can DO comprehended,
this bank has made in three months profits Of over
eoA potf,t hsssh ank daei atod
depositarea
But the most remarkable Of ali is that of
the Third National IL Is indeed, difficult to determine
how bank working . capital Of 500 900 mako
profits Of In three months about 1o6 per cent
per ysar II We turn to the deposits We have solution
Of the mystery TO extent They have deposit Of
Sl3lo AL, which 10 is customary in other banks land
presume has been done u this easel 70 convert into
bonds upon which they make per cent in gold interest
The interest upon this win give nns item. So
much for the published rspOra which very suggss
tive in some items rt-s ~ ft
now come TO matter that touch with much re,uc.
lance nAsmuch ~ IL exhibits reckless disregard Of
the law and directly charges certain parties who profess
10 be loyal men, with using government deposits 70 give
aid and comfort the rsbela Were my ipformssion
not Of the most reliable kind should pass over in
silence But The truth must b told and the devil
shamed
oovruxrrxr DEPOSITS PURCHASING GOLD yon rnr HsBxrs
The ocs Of d least two Of the banks In this State
that for the present shall b namesss - not
agent Of the Treasury Department. have been guilty Of
transactions that II discovered a the time would have
consigned them 70 cells For lafayette During the
war vas contrsbsnd convey COLE further south than
Louisville Bankers between Louisville and the lines Of
the federal army 1t liberty 70 purchase and sell
gold but not 70 import Zhs object OF this restriction
-. N pvsvent cold passns through the nes IN Ian
Davis government Tor years certain rotiosal banks,
wAo Mad Iayss sov~nm~s Jsnds, prraenay
violated aI order. sssd ne oovermess dspossn
10 purchase gold IN Losisviux and Cssannasi, Iar0s
quantities. Of VAseA Asy nssOs<d Nashville and fur
hev soutA asS sold 70 everybody wAo applied purchase
N nc ssay Asy weds hssivs pr eens governments
depos ssd oass ed AND oecrf b ~ reIs no dos az
msA y ~ Larg gsans''y q so0d c9ld suddenly ds.
make large dividends did nos stop here They sppre-
prialed ~.
Many Of The banks had high 600 600 govern
msnt deposits lying IDLE their vaults For many
months before the war closed these bank ocsaIs formed
partnership With the gu.r.srnss,sr' and army swnd.
Of the government ~ from eighteen 70 thirty per cent
discount Quartermasters who In The ring cashed
vouchers immediately, and In THE way the banks
OF Tsnnsssss made hundred per cent per
their capital and the poverty stricken, patriotic
aussrmassen have bsen snsbsd 70 surn North At the
close Of the war build ne mansions and establish these
national shaving shops their III gosen gains Persons
familiar with these transactions that ignore the credit
lars were thus made BY she banks ana quarssras,ss
The bankers noe laugh At the clever manner In which
they sssneered the business With the qusstevmssss
some Of whom jumped from Two bars 70 pair q stars
tis, indeed matter sf assosishmsns that me gov.
eminent hes not made theee discoveries ths i
have hs< Dot Isus Scusy 10 sounding tssss swindles
| esd point the npeS 70 May ef thees sheuder-
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