, 1870-12-08

II +ntacky. 20 applications. ns........-..*... sooai9
Lorlkiana, TO APPLICATIONS. 1900
s,tN uIi, il applications. 5000
Mississippi, applications. .!oo
A!unesots, spp!tcalons. sS"g,
acntana, % Il sppea,,ons. 1SooS
North Carolina, 3 app,icattous. .....-... bi0s
Nesaas NNesaaa.f1' 'spnestfon. aPe,ifsoas: 5oS
VIEW II. xicc. appllcation...... ....-. ,so,oos
Ohio. y apPaleas,oes; 1'9teo
ssq,n tgatss.s Ss1sss eprsstlons:
Texas, 1 applications. 4ol.0o1
V,sb, sppl!cauon... ...........-. o0M
wtst viig1nla. applications. aoo.ooa
" 3oTnsnE. spp ts:a<se0. eHN90
Tse nasss ss eness app;acns il snS
ali III Would ne II! !,os,ooo E1psnence hi sbown,
placed On die Al ear<ass to occupy the 9~ound aud
10 ceter other parties from moving. tety many
sse speculative, and some, intended to be bona
Is senns PsasaSy saess s @ spp
ttuns should be granted, not more than half OF
sar% .Sud b sse1 saeqs M e t6
eTn A. d 3ruthesn Ssstes. NOT permanently in-
vested or aetlvelf cnroy+t n business Of various
Of organizing national bansF, caanos ne very
ta.pe, aid the impression that many millions ot
casn capital were awaiting this opportunity Of H.
vestment in national banking institut1ous has not
beeu fully sustained The provision made ~ che
ate act Ii rnrouhtctly ample Tor the supply Of
tsose states wacn have !ess tnan their popo:1tca,
and VIII Il probably sut1ce to supply all leRson-
abe dt ms,ids even II rot restricted IN It's dlstr'-
butlou. The prur1lety Of providing tor the re-
one year fnsm the date Of the passage Of the act
Ia resp ctfut 5 suggested.
TLIef the prort.lnns Of sections >, 4. ani 5. Of
It act appfoved Ju H. 1870, autnsF1xtn3 the es-
santisnntnt OF natioDal banks for the Issue Of
circulating uotea tedeemahle Ia apeeie. hut one
r. oeen !, ne s
4 capital Of s3Co.W0. Information has becn re-
ctyed that several other insututtons Of thts char
pia,lop. tx Of three Of 9nlcn are ID California II
Tas not anticipated that tp cle-paytng banks
would be estnblsned to any considerable extent.
pate1 eurtelcy, based upon the legal tender T.
snta Of the GoEetrment, already prevails: q
theosh Il was, and is STU. supposed tnas one Of
q !'"s L. on he asia1ac seaSaa.a where eonsd:ss
pie ic::s;sa sssne is carried op, and tn which
setes unon cp9s spee!e basis II ii 1ne business of
J New Y,rs. pniade;;1ss... ~na Baltimore, could he
coucett,a a,td in one Or twu banking -.
! y wA,Iani the employ uent Of aveTY sesptc1ah!e
amount tor It's exclusive accommodation.
Enaes 'hc ortras,on o. ne act os Gons,eas . a.
going INTO ftqnidat.iu to retire their crculatnx
! no,ts,r twenty cankt. which tad been nomlaally
10 Mqusdatioa tor yssicns pednds Of time hare
nsRu'% Rs'.,endsr rotes ior lie redemption OF tuelr
nnfstso,stnr circulation, sud taken d. the bonds
| psedgd ss sesu'1sy teess1os; Tns amount a.
r to1. "a snd tpe au1ouct Of bonaa at their par
vaiut, nsttnt released Is ss,'st,co. Au banks IN
qsds.on. exc: p1 ;nose IN proSess o. f,2 c,1
s%s.t,rM nv 's'e' 3"'t3s' 1@'~
Carefully prepared tables viii be touaa In the
| appeudlx, d. toupws;
! i. kfai4me Mt OF amount and different kinds Of
| bonds held to 8tcuse cltc1tAttou.
+ Tne nn,uhe1 and amoun5 Of esch deuoutna-
,,nn al nanr notes issned redeemed, and outsAud-
ina. - ~
bond. md c,rcui,tion Ii eaca STATE and Territory.
Ssunnsi hsnts in IiaIitlafton WHICH have de-
pessa ..r ~; MSnss e redeem she'f CIRCULATION
&. Sal1oual Hanks In liquidation for the purpose
of cousolldstleg wtth other banks
Jnne 50 ID is,o, ' - $50 49,
=. Reserve abifs. ....-...
slpee he orcsrizatson Of The bureau to the LII
daT oi UcIooes. u!1mo, circular ng uotts more o.
I iess wdrn aud muIilated have been returned By
Is s.aas e dsssdt y nq19soK: e sos
more tfsn one-hRif the total nt1ount were re
fnrned tiuItnc the LAST rear, The Fap1dtty E1.n
~ sa1cnia;,o. M md sfe being rer1rned ior de-
a,Tnrnwn. IN os4,ty thet they may oc replaced BY
new norta. i coustaa.l! .osreaaos, requiring
nynn+TtT ind psplnptiy to the nsaotslny, coun,
ng T.atMrxtjaf1, aru 6nI turning Of tue notes.
r. ,hr rfYorr 70 protecf me pubhc from the IN
,n.1,so1s ~ rnrnfer rfttters which IL being u1de
hr she miner xnfhor1r,es, + would be well Il
i 1SrnT eseT nossinIe trirpi,5 u The Wy Of ths
ssTruist,nn af c,unte,fe1; ustes For rhs purpose
! - :. +sennnnc e1dr8 innt rverf pa;1ocal hang b4
..nr,tsH 1nrnnrn 10 nf.cera. 10 stanp the 7o.t
! ,.Harnss,fst, Fnnn rrerr faiae forged Of conn
io 1t,an., WI noss Il NJ maj pe recocuizet
~ stsn ~ rrssen;.fnn =, the counter Of u,
apsA VI
l Ws.o ,no ea,t,a, ~ A hank becomes eeyiuus.
: .~ttAa L. ~ lesfss m ntherH1sc IL would be de
s -. y ~ fss;n s,.riIrr Of he cufreucY - b
~ ,N ~ s1f1r,snf nnTrr II reouiSe ne han,
Spsoeu ~ ~ ~ tFsxs III ranttaf m ade &c o.,
W.. s t1ls.aHn,sh1. ~, M nt,e AZ he iaw standa b.
"n ~. n.sninsr ma nauS fr11m decias1av N
: 10y uag pgi - inrn az me ranttai or she b2ok re
mams ~. ~ nsefniness DESTROYED beyoo
UcHpp!so - 49, - - .af II MY rnnti1rs u, i've
! | avE u .sp.... ~ ras-s in amen rAses III
ntEAy 1s sAtss ~ nn,,1; n rn1Ee mn the lo4ses b
! nAaA aou1u " ~ ,ss s,nrSnnider1 or ID - int
: nn sas aesszeas, = ~, " - r1osed -
u4nsuAsE z Ao ~ tre ( .t.nnA1 Rank4 .h1a.h
= Ire op1ass p,..1 s.,4Tr fne tast srar have bee
:. ou. .nS X n1,irnc@ and cxemp{iou fIDr
saiaese1eu aat ~ \, Hnn.nM eItn1 The pFnu h4e
anstta 70 ~ u ~. a. ~ f.Tmrr 1fntN oN1nV
no. usea ss- - - ss,nTov xficn n:T H. noted II
y @ S@Gns = III rTenninm m ppM frductton
GecAas ~ ~ - &~ns.rf,ons IN onTrrnlnnnt hood
tne Auv@us ~ ~ fsn,1p n IN t.om ra;ssaons n
1aa cpu.e 9as1e n.cT 1 s1,ha senerni shY,nk1re