, 1875-08-26

SiLaICA EpA4 "A0 AAeAA9 sA.~ S~~-AA"" wa"
higher.
we shall roturn to this general theme here
after, and our columns are open Tor dis
crsson to those who have given this very
important subject enlightened thought and
reflection.
THE NATIONAL BANKS.
The National Bunk systom il tho only ono
which has given the public, since the de-
str,,ction Of the old United Statos Bank, q
uniform and rctinblo bank-note currency.
The valus OF National Bank note II always
fully equal to that in which the low requires
it to bo redeemed. It is always convertible
into legal-tendor. None Of the 2.0iG banks
in tho United States has ever failed to give
greenbacks in exchange for its bills on de-
mand. The United 6tates cnnnot mnke ita
paper any more valuable than the National
Danls mike theirs. And II tho lcgal-tenaera
were made equal to gold or withdrawn, and
the banks wers therefore required to redeem
their bills in constitutional money, they have
the capital and the mems with which to do
SO. Under the old State-soveroignty system
Of banking, = "dollar "-nots wns often pasaed
for 90 cents in ons county, 50 in the next, 10
or 60 across the nearest State line,
and was bought BY speculative brokers
some distance farsner 1of ~ eon19
Redemption was tarcet and bankrnptcy VIM
the result IN hundreds anu shousanos OF H.
stances. These notes were also 4asgeiy coun-
,erfeited. The National Bank notey are not
to one-hundrcdth part tho extent. Here,
then, Are certain substantial advantages Of
~ ,,,., <,,o+.,o ,var tha o>d
What do the National Banks do ~ the fiscal
aoeuts of the pooplo Juno so, 1875, they
lad outstanding loans to tho buziness public
of nearly one thousand millionB. They had
liant tb;s sim to more than lalf million
persons. Ths borrowers vera from all classos
Of the community. Tho money was advanced
10 buy cation, cnrr, cattle, pork, wool, lard,
butter, cheese, wheat, tobacco, sugar, ium.
Der, coal, merchandise, md myriad other
things. Hundreds Of millions wero loaned to
manufacturers. who have used 1t To employ
labor. Young men in business. grocers,
eopse' -, ~ 49,, =. ~, t,oa.
-, .a. ~. - .a.s.;,,e
.ne,nu ~ @hn nountrv n h., hsan
,Ao, ] .a,a =, hna;,..a -a,,,a ,oaso,
..,;,, ,,t, .o -, ri IN gnnun TIN ;ncro.co
e' ... ~. H.. ha., a,o ~. mo
in loana since year ago mas oeeh F4I,ala,'oS.
-s
PUBIC, tne oahks A7se Aosanctu 10 tne oo'-
ernmehtt III Inc p"1caase o! 1's oono'' over
S+oo,ooU'ooo' as the toao"'ag e1t'"os from
the official statement OF Their resources sho"a:
honds 70 sosurs srsais'0n.. sasI219o 9o9
T. SoaJa On baud. l274s,aso
| ro,., .........................- 3.o3 ~, nm
MI. ~...... 49,. -. ,,a.. ha,,a. 49,. -'.,,..d
Aae s.sa,es 20 .,ss.,Iss - 49, I..iI tseo9 sess
~, ~ 1.s"+e ~" =, ,ss <e,., ~
~ - g. ~. n..,,.. - iaan ), ~.
10y Ao ~ '''
r,.a h"a1a .,.n ,o.n ~. n..;o, -
% hs D a >. sa; ,,,;.,sa.1, I,a =, , IN" ooo ~ ~ "
M "no M an.. ~. ~ a.a. sn,, sons. ., ,so,' ~.
..,,sS;.s - ss,'sd.,. .,.a aaa.,a, ,,s., ,.xvo ~
1uuo"."e ss ",S ~. ~. .ss~.m 10y :" 80. ="
n'o" ~" n', :: A''' '-'' ''' - s s.a,
P saPFplu. t2sa f2sd pa iss
Undivided pfoan n.'..''..'.'''''''.'''.'" e!lsolos
TotA, 80. .stal ,ss7, ,75l
Tho owners Of The banks have thus Ad-
vanced 87oo. 600, oQO, or halt thu sum. Tha
deposits furnish the other hall, The figures
run,
individual dspos.ts. $685. 49, $50
United s''t's d'p'''"' .etasss
Tos.l... .........".................s .sa9s 49, o1a
This raviow shows what raat convenience
tho National Bank eyatam Is to the people.
Two other questions remain to b put The
hrst ia, How aafe IL 1t? The notos are. OF