, 1869-10-22

A., ~ Cssu ~ o4tut ~ s.e+aoec4s w 70 pot.
-" s esa'oaal ta1k 70 saa1 p0rpose- Ano ~
po,d IN H..N ~ S AAusy oepse@ Nae pa'eo y.
edorrs ~. ,,'a. nu .s H. aa'e oesu seu
ts ~ fr,a *-Ak ~ " uoue ai.u ta' Eteeaoss@1
W AoAo toen, nos n once, bat gsaduAily. 30 that
NJ. M. e.uss currency mA! ta1e tneH psaee. 1t
.os 1sa1onaoe 70 expect that the plsce OF the
S1ecnhafka In the psetent volume ol cscnlason
In The country. Thrre 1, AZ tn,d rerh.na W.
o.er s7:a nm On =, n. 1au,T1s u, 1919 10y nos
repealed this vou,n eoms nso etren,.s.oo ~ n's 3
iuesea,e % =. % to se,e,y na he d.aeene1 70
1s. 9sae ;, u. taaa'aa ii sns s1s~nbsss,, t. !,
best. N taconvsnien' circulation, and experience
to establish eopd,ne N e' sne n,nn. rrd.amt,on s
o, o.. ne mere Convenient paper money. rae fans'-
satue additional supply OF psper money, a neoes-
SHY which Hould t.e met by removing the
tssa 600 ooo l,nit rrom spe y.,,on,, rerr.rc. ~
- oAaS1 "otda, na1e the National A2nang Law
1fee. me Sundtog Of the g1eenbacka, together
hI,nr n ~ ~ es 80. snane G inosstea aoose *A
or ~ as,M.l puon "'suoal .ue sspea1
~. ~ me LesaeIender aet. md sou'd AZ
vaicn II vouid nes..ssr,,, v.an esuss rhe - ns,aeas
q 'he internal 1e7enue alone would require saca
ao Immense and immediate ADDITION To The specie
Calculation that II could not ha met without the
s'sa.ets "a taSl distress.
r1rt.m ,v.r 80 a,e.-s. y, LUZ :, at'o09t n.aAma
~. rnou.s au' o.a9 taat ah ever been snea 10
porter.
"1ne advantages Of the Sstion., p.,xt,r rx.
TEN and Satonai 6spsne over stste b.nar Ga,
ers urc concerned: but 1ne aaT1ntaoe. ~
people aIe concernet srr ~ iii t,1. =, ra ~
". ~ g'1 I,,an. sos q ,hse /
curfen. aaa e. eseIrSe g eenes are
essstthea caesp 70 ~ ahd r's en,fn 91 fae COUNT.
1er domestic exchange. ii shase
. rho rafd eno.u.ous disseun4 Oh un.aS-
eAaa1e,' n tAe daps n s1atf hant eu,1<1eu' r,,r
eoas,rss ths t,so ass,<Ms, Thn nnhat, s1renr e
ken nsolyenI or SaSI1 mans9rd Ss.tona, u n,"re "
Tht STATE tr.nk Currency in IN IfaT snTn.ed ~
; 1et, Horst element IN ! psnie. Mhen stats
ed, apo Renersi fush 10 Inc exrnsnar ofsces fot.
iotesi. Miiliors OF t"nE nntes rs,at Tere mi M
day befoTe asshle al cnf1encI. ii u oace became
c:es Of cummoalty, md It took mach rcal ruoney
10 buy md Send II home Tor redemption N 3.
eytJ dollar Of tank Issues ts real money ali
On broken Haticpzl HAnkA arc iu1:
as good ~ any money In crc1-
Of ihc nationai s5new orer he stafe s1etem 81
great tntcretL especially to depos1tors and cut-
Icne1s. The pa:Ional Law makes the atoslho(d.
erH Individually liable for cu assessment On xnrIr
hha.es IN c4se the bank sesets are not suc,enf tn
! LAY ,1s leposttors The stale tanf stocthoiderS
arc LOT aple for the taety Of denoltoSS for
the tenson thai State Banks are not no = banks Of
circulation. The following IL the National IauK
law; oecnon II: The Shareholders Of xuy osso-
ctuunn laru1ed uhder the ptoysAtons Of teIs act,
shall te hein ndtl idual5 responsible, equally and
fo'eatly, MD not Que for Smother, for MI con-
Iiacfe. delts and ensseeuents OF tuch ass.l.
ciaIoft 70 tue e1teut or the REo1nt ot
th.ir htcck al the pr value thereof, Ia
atHn1o1 10 the amount invested In such
ahaHA' The f0!1MlLE 1s the state tAW On this
Individual ll.ahl&t question:: Constitution OF the
S&Dte Of New foIk, Article y, Section T-tTne
Stockholders u every corporation and Jo.ut STOCK
n.Ecc,A:ion for banktug pusposes Issuing bank
notes or sn5 Kind 81 pa2eE credlisto etsculate az
as ~, ~ tsesT ~ strc sesrs a. .S.re. ~ n t
sErh torperston nT assoelauou. for ali tts det,t
ard liabilities Of every Kind Tue old Suite bants
tnat coL.:noS 70 70 uSstuess uhuel tns stats law
nrnt5 s,;, ~ rneT 10 s;ata ~ hsx,rv nrS,r e.
tued obligations to circulate ns 1nutey
e1tct1a!lE shields the shareholders Of Stste banki
5fon tAc inu!F:las1 lahutS. Inc National
n Ivy ssss 31a =. na MvS
rusranter & III rase Of ;he fa,inra Of n n.
i,ULal tnnk, The assets ate Immediately talea IL
hand b. 4 Eose1nment receiver. without going
tnscGEn tAe 1taleus anu uneeHMn process y
1.M,cn 1,;s A ~, 1- ~ SIne.t a son ~ ~ ,r1 r1.t
"a ,x1th hrnc.n s,aia hsnar ,ri, a~
LIMITATIONS Of he Ss,.ouui RAMS b. government
Inspectors las Restraining and ealatary ta
n'lence HSer banE Eaan29enent mat y Q! vasi
e.ac Mns.;, s,d snr i,.n.s - ~ .,ssd r.
hefore even #. raIti.1 ia nsf nr ia fnsojvcn,.t