, 1870-03-15

,,1 h., 1h.,t, .,o.al, ~ ,aas.m..9
r.,;.. T., ,s;.,,1.t;ao,t =. ....-..;.. -
.;..,,,.,;,n ~ 49, .ns raa.o.~;-s .,,a-
~ free h,nt,Do .sc+;on. Fith.- 1a,,d - |
b. .sron, t.,ss hat .s;e,, -an,s - =. 49,.
ansnr.h,. ~ >. M ~. 49,. 49, s 49, ~ ,sss ..o
=. ~. ~, ~. 49, ao-.e~n.sa '-
I,,hs sa.1s -.sh.Se.o -.
,..1. - 80, ~ '.1 oA 'o'
:, .,ss. - 80 "-1
fos w.,es i seoe'vks bonds
~ TaIia 10 n1e.s1e ~ PeI nrtea eeant 4
10 90. - Q. u gcld:..:....ssI,ssaco
.orts. o IL 'u ..ls sas a4,sse
pr otn's ior sane run. ~
"'''4'''.'':'''''''.'''''''' 17''eo'&o-*se.zs.se
Los IN psesent Eod value eJ excoaoge .si5 ool %
VI course, 10 whatever dsgroe the new
bonus should adsaoce upon their pfesant
acanal Saln+, th's app1rent loss wou'd dis
appear ano' sae banhs ganerAlJ ware
eoaaoect the ne" bonds would negotiate at
par "'tnin year or SO, they might make
change which would nt nresaut inynIys
IN, confsr.t;o, ~ * ~ o.,t - 49,.
original capital, besides reducing bv 10 ner
nA,t ~. .. r ..::s...
II. II the above supposed bank shou1d
decide to forfeit ita charter and retro its
prctent circulation, it would, with it1
100000 in bonds at par with gold. buv
el1o, 600 in. Rrrenhacks, out Of which It
would deposit $9o, 900 in grecnhecks with
the Comptroller for the redemption OF its
circulation, leaving S22, 2,Oo0 surplus in
g-eenbaeks for distribution among it's
a,oetholdtrr.
III. II the bank, after thus retiring its
circulation, should reinvess $11e, coo in
greenbacks, the equivalent Of its present
deposit Of bonds, in securing q nav ci1cu1a-
ton under the free banking clAuse, that
sum would bug 4l1e, 600 in per cent
bonds, on which it would be entitled to
$4,000, or within 300 Of the present
amount Of it's currency on the same do
post. Tha actual loss by the exchange
would not be greatly different. TIE Der
cent bonds would b. worth with the 5 per
cent? at 94) 15l-J per cent
T.s reg, sr.s -. rscsk r.:d oy tne h1an f2Ttne
solc is11i,]. a w "a .f1oc ooo
1es EEL w mGm PEI PEI Gen.s ~ a,. n1[caased WITH .
ns IN eoio 70 'ae oasfS ~ e3caanRe..9 1A'.e
No.u'os IL ea1'es 70 prove 1aan tnAs II
"ou'e ~ p'e1eu. es'o ~ .ne government
20 ne4p ..'en - ~ per cen. o' toe capilal
ot ING oanhs WITHOUT asking peEmiss1on
1lom toe o*netS' ou1 tne nesee eeononnls"
e4 ene on,''et-oehs petaaas1on aas appear
~ iotee. 'na' "aA' we government makes
~ 'ne 'osceo 4e'y tne oeoas moss iose,
ue 4ues',on P1esen'eo 70 .oe Nselona'
nks 'a' "oe'oe1 tne7 cao aaoku 70 saef
:" re' ~. . " 'uen eap''ai ios .ne
p, ~ ~ nus toen '1'aa1'.os
nc uo'efe oneJ *oo'o no@ an
o'n't aeest''o -. Nne1net wv plFneRe o1
.saulps eusteuss 20 ~ on'l'1.eo amount Z.
xos 'a.e oi sep IN currency !of every $o
IN so'o 'Aiue o' oonos oeposlteo tof toat
IS >oe opsoo. u 'no p'oPooaon ZOE isee
oannn8 On me oas's oi tne Per cents) II
eonslsIens VIII 1esonpuon o1 epec1e pay
nen'a' OF win fna1ntenanee OF specae
Pssneots II "e oAo resumed IN the
anote supposed ins1ance' the nank has Dc:
pos'seo pef cent ooaos worth, IN gold,
<nd mas feeeaseo Tor taem carrency
10 lno Anoao1 o1 So3,ooo. II He 'ete al
Specie pasmenss' the oank needs only TO
Fu' oos us currency, RECEIVING gold valoe
to' ~, aao 'oen oteak' 10 maze a pfont OF
$3.50 r1ee oeanng means unlimited IN.
nsuon ana = etasn, onAess me go'o saloes
~ uo e.ee. ueps4Neo eapeeo oy
tee'eAe ~, gu e'e @l1oune VI eal1encs
Aueu upou eem ~ oasis' aao onless
Lucy h1c ua1ly CAAc0 uEou 10 1eQEem N