The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-27

ton had been very much overstated by the public
press. subsequent investigation was made on No
vemoer 6. which was conducted In such manner as
to avoid PuDlcity, ana the comptroller was then
advised that the csr.nSA;,ons compiained or had
been very largely reduced IN number ana amount.
and the case OF some banks entirely discontinued.
and that was believed tnat IN short space OF time
all the banks "ouiu coniorin iuiiy 10 the provisions
Of the statute;
Section 39 OF the revised statutes provides that
every director OF natiohai oank VINO participates
in assents to violation OF law shall be held liza
BILE. in his personal auo ihoivduai capacity, for all
damages when the assnciSon' It's shareholders or
any other person shai nave sustained IN conse-
quence OF sucn vioiation. II loss were to result
from such certilcanons OF overdrafts. there would
seem 10 DC no 9ouos .nae consequential damages
could be collected from those directors who know
ingly permitted tnem.,
The Bank EXAMINER nus Deen instructed to report
which shall come to his knowledge when the Comp
trosr WIZ not hesitate 10 enforce the provisions OF
pointmen OF receiver he will endeavor to have de-
;hit; ~ the d;rectors o. tae severs.
mentioned In the meantime those banks which
;.h o ~ nns 70 tneir INTERESTS nave the
Inct their business under soma hs"r;no svsSen,
in which the restrictions that to them are so objec
tio Tha ro no HUa sars t. o,.a =, J.,
has no reason to suppose anv national hanL has
been guilty OF Withdrawing circulating notes for
atd - ort @ Gu. ;no EAsminer mas 1een
any such should occur and upon the recent of snch
report the Comptroller will immediately transmit
While the national banks have held in the aggre-
gate the amount OF reserve required by law the pro-
S ~ sn th onH ~ na was m4ch
been since October 1873
The returns or the banks to the Clearing House
o .o % nn~s;darshIa - .nas Tue re-
the requirements of the law. Letters were at once
addressed to these banks directing them to increase
rnear ed no VIC tSat amount. hePhes
serve was in many cases but temporary' Other
banks still showed deficiency during the week fol-
a% ia th returns ~ ~ ann, we d ssain notl
~ show that the specie had increased $27 633 O32
since October =. which. Notwithstanding the fact
time SIG IA as4 made net incrsass ~ en- az 4Is
in the reserve funds.
THE SECRET SERVICE DIVISION or rur
upr.sryv- opup.r,oye 20, MR.,
1nIAoo"A w o' ~" thh YEAR IN
SURPRISING CONTEMPLATING AND OTHER
CRIMES.
James j. Brooks, chief of the Secret Service dvis.
lon of the Treasury in his report of the last fiscal
year states that the number OF arrests by his en-
ployes and by local authorities to whom contingent
i, =, a., c., -,
re"arus ~ere paiu Wy 'no oec'e' oerV'ce' was oSs.
Counterfeit money to the amount Of 1851 was cap
tured Jonathan with large numhar ~ r,.... 49,.
-. ..,., f'' N.''
and moulds used IN counterfeiting notes or coin.
-, rnrsr., imrort.rce Amor. +hara 49, 49,.
- -, - w. 'AAo'o -
talist" in nearly every important combination Of
o,r.ortat.rs for twartvsvo va.-s nv. - a.. -.
oo1ns'- .'.1. -, . go .~' VIZ As no"
State Prison. and Charles T., Ulrich of whom
.. q. ..;d that "tbe anro1. 30 oon...-....,.
:" saiu 'n"s 'no ""nA1s VI couhterIeitine
do not present his peer In skill. CELEBRITY Of
operation and reckless daring" The latter pleaded
guilty but had thus far escaped sentence upon some
legal technca1ty' An unfortunate result to which,.
Chief Brooks remarks .this division did not in any
, ,o,+rnrto" us SAVE that arr,c a. L.. a.,
way oono' ''' 'A~s "uiihs 'ne 1@'' nscsi
9oe' 'Ae'o A"' o'eA -A~,o~'oA "0''A.S enionB INC
'onn'e'Ae'e. '. W. pr. 0"ton''' ou' INA. 'no
'isn"n.o ~ 'Ao -soA.e " '.' o.i'ion
has anuo'pA'eu 'ne cunning VI INC irauauien' ISSUES
ano 'ne i'la my 0onS'oe1soie ioss'
Inc report CONTINUES.
az a. no une ~ INC ah ony y. naonsi oanknG IN
played i'm the production of Counterfeit notes as has
marked the issues of the past year. So fne is the
~orA anu oaUvu ~; ne emit, unas ~ ~
recommend to the public the refusal of
oil notes OF the denominations and banks thus
uaner money who for years SenredateS mon ou NJ
communities put . two remain ana they are some
But new and more skilful combinations have been
from the m ciassss KNOWN Is ,Srgers
gangs, by the aid of much ilI-cotten wealth. com
mand talent and skill and present phases OF opera
d,nt a ne .S Y. OF the me-
Nevertheless, without
cessful contradiction that there never was SO small
an amount OF counterfeit paper money in circula-
tion OF coin counterfetttng 1t may be said 1t was
never extensively engaged in now. and never
were arrests Tor the onence more numerous The In
crease IL attributable mainly TO the cheapness OF the
material or which most or the coins are composed
and the facility with which they can be manufactured
Fortunately however. the attempt to circulate them
usually brings detection put not always punish
ment. for not infrequently the people in their
capacity as jurors regard the offence as venial
one and the culprit escapes or being convicted. he
10 easily pardoned through the unwise Interference
OF influential citizens.
The Chief complains of the Congressional reduc-
A., - A.. .-.....,...,- . - 1890, 49,
ZION ,"o 0s INC sa pro ~, ~. DIVISION rom
SlOOO0O to S6O,OO0 ana says the economy 1t Is now
compelled to practise amounts to parsimony and
injuriously affects the success OF Its operation He
calls special attention to the fact that this action of
Congress has diminished tho ability Of the division
to compensate the local police officers throughout
the country without whose cordial cooperation the
Secret Service force OF the Treasury would be in