The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-08-03


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decentralization that " lsatatsTe fhf
fuutuignsf hna vas on IN sfsssl
and wfrr. hfinr, herr ,fffr. 'fW Ftfp
htu, how small Il lgse 4sfaHs VI These
hnHainy Institutions alt plFing tfsHb
u,r ftuf rrpsahf H. isiI II ~ ~
/ tntalsfahlv anil monsifsn@ that this
nation imposes shr SAINT taSeF on
hanks now ~ In thur ~ wnf
Hut Mi nnvil admitted that W..
stockholders who, Mr.. Cos ~s.l',
were "ltun,lri ~ ,h. Very usilrks ~
'.nretilrs" uncomfortable, H',rr mol
nnaf.. NJ ths iars.. ~ s.aenn 81 ~.
ia, that they received their diss'
,l.nls regularly. .svn Thought the
hanks hal ~ ray them 0us VI their
accumulated profits.
And among either things ~ insist
.l First That Bank taxation
works mI~.hlci IN business men. hr'
len,se hnslnras men rely On banks
for money. from wsck I" week. e
pay their employees, tmcn VINO w
Accommodation nj banks have Is
give such security ~ will coinmnn,
. lnoney anywhere and always ~.
! I.onl. That they injured working
. men, because II banks were iaxc'
they could mol discount. II the,
don't others Will. How the n-isi''
ilnnnclcr reached this scquitcr ~
did not explain, except 10 Insist Inn
thu rcs,iit W taxation would I've 4
I diminish Bank Capital. showing thu
, the taxes on Deposits amounted Y
III, stO5, 1904 In 1870; on Circulation
, u t:lOpl 1870; on Capital, ~ soo',
. ATTIC.
!, Let H. look for moment III IN
D other side. The amount 81 Dcpnsitl
!. average t.asl, sNNi. ina,. on which Bank
|. crs mike constant loans nj com
, hound Interest. III fact they mad
their discounts largely 10 depend ~
( their deposits. 40 TINT, " the take
|, increase With their deposits. ih"i
, profits increase I'm the precise ratio
l Mr.. n. A. Nollln1. President u -
:. Crut.liul National Bank of phila
! drlpliin. took occasion ~ shy IN.
. .7Iat rates ~ money, the hazard
/ Of itx ,,se, and the burdens ~ taxa
. tion. have been such ~ 10 mnk. ~
i privilege ri Banking to generally b
] Regarded! 4. worthless Mr.. NOllint
/ when he uttered thc assertion, knes
I thUt hia statement WAS not trtir. ~
{ Ind iuat started the Bank OF which
/ hc was president, and he went Int
/ banking because he knew u 10 D
|, thc snfett aud tl,c most profitable q
/ Investments. H. mn.le the rti''s
/ ln.nt not only In the face 81 know
. f4u.tn u the CONTRARY. hut III III
!. teeth III Mhnt Mr., coe Ind sitli ~
]. lhuur before. Namely that while ~
i klnls III corporations nre fnllin
i around III. banks rtnnd tirm. Emery
i fhiny eise Jatts. fhau S,fferd M
. brsD on. Dui M, say TIL. bankers
!. ,l,ey rnn't stand Il They cunt pos
q Silly pny there tnxss.
i 10 rhnw how iiim.y md infnmou
!, this appeal II, IL Ii only netessisl. |
4 40, how ia. National Gnukr ~tt.iir,
Ii and WIN, they hnse nlndc, Tue
II atnrtrd by hnyins thelr bonds vile
" they ranged III price from ~ 20
il. rrllia In gold on the dollni, th,,h,
= tie start, nearly doubling their cnl
4. it'll. The next condition war th
ii Government guaranteed them u
il t.rrsi In gold on their entire oApit
ID. wllrl, hn- takcn n A,lin nNrinHii
70 frum 20 10 fal,utHI, ttpl annually q
A. of ihe people by taxation foi Z
Il benefit III hnnkcrs, nnd bank.fs on
!. Thr Government then gave TIL
llihurk in bills ninety per cent OF tn
81 capital, 10 lend III compound Int,
"A, eHi uniting With this tie .priviir
<. ~ receiving drpoaits nnd maxi
IN lDnn- upon them, thus agaii' li,e
~ than doubling their t1nnablr rapii
ri Whnt hne been the result 81
ne these accumulated privileges ~
q. ,res giy. III. cxact fneta. Since I
III National Banks have been In exi
of cner they lnse paid 10 their stoe
i. holders dividends, after p0uiny |
!. ~ espense mud ereru mr., ihe enc
RI NOUS aunr0i Iuadf NJ NINE Al
IL THREE. QI AFTER pER lEN
ia is.rid.s doing this, they hnyn asrul
~ united +m1l,ix profits NJ ONE IN
y. DRIP ANb Thirty SEVEN MI
-, LION FOUR HUNDRED AMI III
-. IN THOUSAND FIVE liuNDKl
~ AND NINETY FIVE DOLLARS,
n hmm tIltftK*Nl4tft il1I W III