Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1874-03-07
8 5s5 900 sesl 900 4 7o2, 500 G,727, los i2s79s

treasury at w aSnlUStOu. DcuuctlnS HfOO,OOu
of this sum, lheld as security for government
deposits) leaves So, % 900, security TOR their
circulating notes. and on which they receive
but $2,S79,SO7, being ninety per cent, making
difference Of $312 100 %
Add to this the premium 90 these
bonds; say fifteen per cent on
1921 900, 4S3, $50 90
TO this add the reserve required
to be held, under the National
Banking laws. on issues and de-
posts; say on issues s., S19 SOI,
deposits Sc, 1871, l6S, making the
sum Of 50, COG 975 at fifteen per
cent, l,44l O46 w
The total being, S2,246, 29G %
Which, under the State Banking System,
would be returned to the banks as capital, but
is DOW locked upon under the Naloual Bank
ing System.
In addition to this saving of the money cap
tai of the State, there would DE saving OF
$2S, 1880 per annum, being tax of one per
cent now paid to the government on clIcula-
| ton.
This sum of s., 246. 296 would gradually come
back by the retiring by the government OF the
| the bonds and the amount now locked up as a
From this exhibit it would seem clear that
to the people of Virginia the National Bank
ing System is onerous and burdensome, and
that it would be much better for the govern
| ment to issue the entire circulating medium OF
the country rather than as now required by The
laws of the United States.
In his report to Congress of December l.,
1873, the Comptroller of the Currency says
that the profits Of bauk in the South and
West, on bonds, is little over one per cent
PRINCE WILLIAM COUNTY ITEMS Il From
the Manassas Gazette. AT meeting of the
Trustees of the County School Board, held in
BrentsviIle 90 Monday, the following preamble
and resolution were adopted: Whereas it APP
pears George e. Round, esq the delegate
from this county, has presented bill in the
Legislature, having for its otj' Ct the election
of the School Trustees by the people, and
whereas such legislation would at the present
time be, in the opinion of this Bard, destruc-
tive to public school interests and this Board,
actuated by regard for the welfare of this
county and the Gauss Of education, and unin-
fuenced by any formal consideration, protest
Ing against such action as it conceives such to
be their duty, is ready at any time to rein-
quish its power, so 5000 as other suitable and
more efficient officers may be selected. Be it
therefore resolved that the course Of Geo. &.
Round, esq.,, in presenting the above bill and
urging its passage is 10 direct opposition to the
views of the School Trustees of this county
The March term Of the County Court met
on Monday, and was very we'll attended by
persons from different parts of the county.
The sale of the plate and jeweIry Of the late
Mrs. L. B. Gibson attracted large crowd of
persons, aud the bidding was lively. 10
10 the case Of J. c. Branough against Craven
j. King, for unlawful detaiuer, the jury failed
to agree, standing uine for plaintiff and three
for detendent; so the case was continued. Fer
dinand A. Weldon was appointed and qualified
as constable to fill vacancy in Manassas Town
ship. Mrs. Mary Newman qualified as execu-
trx of Levi Ii. Newman, deceased; bond
$4,000 The court ordered that the road coul
missioners of Brentsve and Coles Townships
examine the bridge across Cedar Run and re-
port what repairs are needed.
The bondsmen for the County Treasurer,
and each of the township collectors, went be-
fore Judge Nico on Friday last and conccntcd
to remain on the bonds of the above named
Offices for the time extended by act Of the Leg
islature.
The Manassas Lodge of Good Tcmplars,
which had suspended its meetings for more
than year, has now assumed active operations,
and bias initiated niue new members III the
last week.