New-York tribune., 1875-09-25
GENERAL POLITICAL NEWS.

GEN. SPINNER ON THE NATIONAL BANKS.
A LIVELY LETTER FROM THE INTERCHANGEABLE
ADVISES THE BANKS NOT To PROVOKE AN ISSUE
WITH THE PEOPLE.
MOHAWK. Sept IL 1875.
DEAR SIR: Your letter of the 18th instant
reached the day before yesterday The letter and
papers that you speak OF have not yet come hand
week or more ago received letter from MI. Treasurer
New, ncosng slip cut from The Nec York Ereng Post
Of the 18th instant bearing your signature lie asked
to answer the article This declined to do, Gs do not
wish TO be drawn into, newspaper controversy. j.
however, wrote him sustaining him in his action in re.
for the expenses incurred by the people redeinp
ti0D OF their circulating notes.
You say There seems 10 be a general indignation
before that the banks had got quite to claim to
France "wc are the country" saw The banks let them
beware History repeats itself. For more than twenty
little possess in tins world ia invested in National
banks Ny ntercst therefore entirely that side hut
hope that that fact viii never warp my Judgment TO
that degree that would b. unable what would he
fair aud just to both the banks and The people. In the
introduction to your article in The Erenng Post see that
bank officer processing to speak for the banks, SAYS
What else can we do than relinquish circulation -
In answer to this wrote TO the Treasurer of The United
states: This is good one, and decidedly rich IL re-
minds me OF The story OF boy who SAID TO his mother,
who had refused him money for circus ticket Now,
NANNY, ii you don't give that quarter III just 10
night OF and kctch the measles; knows a boy what's
If the banks know what's good for them and when
tney are wei OF they had better hold their horses ana
Keep quiet The privilege Of retaining their circulation
uepcde upon this Bank officers 10 have no Idea ol
te ue'p celg among the OF the people in favor
OF currency OF coin and payer that shall be issued eN-
cusley by the United States. The action of the Demo
States OF ONO and PcDnsylyanr. should admonish The
banks not to provoke an issue and conflict he wtn
themselves and the people such can end only
III one wayt would he suicidal the part Of the banks
Rt nothing i'll this world 50 blind the ,onabe
stllelest of corporations and II IS just possible tiat
they may refuse To the right and tbcr true interest
q? well, until IL NAV be etcrnaly too late.
when was bank officer the redemption tbat was en-
forced 10y state and by bank law cost than double
tne afonnt now fairly aSscssCd by the Treasurer OF the
United states Tor much grrdter service. In those dyS
the redemption agency banks charged discount Of a least
onrLarter OF per cent. They required the deposit
OF an amount the interest UpOn which was equal 10 at
least an equal amount and then the banks were com
PEELED Ia pay all charges fOi and the iisk OIL trans
p0latoD 20 and from the city agencies. Now charge
OF less than one nth of one cent for more ad better
service assessed by the peoples government eAcltes
general Indignation
am little curious 10 what The banks intend to do
about The threat s made in the article in The Post
that Congress al its session. in December next,
will he called upon by the entire Ad.i0nal banking inter
~ the country 10 mOdy the bank taxes. Is II not
llciv thai majority OF the ucmhers will consider tBom
selves instructed by the action Oi their STATE ConN ons
and the directly OppOs Is direction!
When boy / ad used "no,cr 10 kick sleeping
dog" have remembered and pcfitcd by II ever since
commend the Observance of the old law 10 the serious
and prayerful consideration Of tho banks
now am. very respectfully, yours. f. J.. SPINNER.
John G. Hopper, esq, Secretary. &c.. New \ ork.