, 1879-08-08


that, while tho liability In. been large and cnos.
mons, ti,c security has hem inadequate. In con-
tic Amso 1an eIsss as fe onc .,
is tho Asra-havo had n revcrc warming 10 eurtaM
s.."-IanaoH Essasss;4i. a a'si .5snt !s. is71.
The Minister Of Finance In Italy has recently
s h FsnsS sSvsny II
nystcn,, which hsve been translated. rerscd. and
lashed.-so a. 10 Rirs tnfutnitton
or THE PRINCIPAL rEATpnEA OF oun srsrEM
10 th0sc Interested In financial matters In Italy.
Department Of Wash!nston by many ot The diner.
And residents IN Canada who look with favnr nron
tl,s gtincpa! leatnFsa .! oa' .ystcn, nnd even n
after our own which nm informed bv lilo Japan.
cse Minister 10 workine to the satisfaction of That
| Goy,ernn,ent Thus, while port;on ns Che people
moat excellent sysiem Of banking, thc rcnp1o Of
Other Countries look with adnratlan npoi II wh!,a
couhtrios would rejoice In tho Substitution OF onr
own sys.cm for those IN operatfgn among them.
,cs. ys,'! q e ~ ns
complIahcd 80 much. could never have been IN.
| t!ona! 0ogotnmcnt In ths midst Of war, which At
that time seemed to threaten m IL It's cx,s'cncc;
an - frequently a.sc " eankoss whether Il
state bank. ar ~ mnmbcr oe the National system.
To which answer:
doubted credit and s the eonadenee Of your % ea,sr.
| md y0ut husneas 10 wr IN haud you can with
sklt1 and good management undonhtcdtY make moro
money by continuing ron nre thAn by eubjectng
lions Of the National. .liank act. --",-...".'
II vou manage Htate unuk and your ssockhn1d.
eFs sfu It, accord. and do rot take advantage Of
theis position. either as shareholders Directors
a.o wse q i oS X.
National syetoln, can be made more profitable It
| IL .han as Natinnat association.
That this view Is In sccOr1nnce with the jndR.
| ment Of many of those cnaagel In banking Il evl-
DENT as have frequently stated es'o:s. from tho
p hoo 10 rsma
ten. Thc psoats srisine from strculatior % Mpon
ss6o sSe5 anna. an i 10 one Sn
.!crstand WY @ There 4 no particular indueemsnt
tho yoke Of lcRnl restrictions imposed BY tho Hank
act for this small amount OF compensation. Yet
hnyc rarely met with prlyate banker. or officer OF
~ bustaceso OF banking tas been lnipfnyc since to
y gank act W. p1sae sna eySs met
ten .hoa S Il b. oserh1own @ n'' 't''''u ''' '' 's''
There nre. no doubt. n,nny persons. particularly
in the Southern States, who belicvc tbas uron inc
again built up
THE OLD srATE SYSTEMS,
with tho right to issue the currency equal at the
very least, to the amount Of capital Invested, and
Huu0Nt hEEAEt! VI MY klHu DeluX Elfgn tHGSE1QEt
and who also expect That tho old notes Of ezchanac
prevalent Il shS S od @ t!mes viii again return fol
,eispy tea IL say; y
1.-THE plausible idea ohians Tint We could hasve
| which need never pass the borders Of tho s,atc,
md which we could nil evoninalIy agree To ro.
ass fsss and Vt u. p's sann. h saF s. Il s
OF atoumboass. railroads. md tclagraphs and yct
have naskwools mothuds OF Ges!nesa and primitive
veil a. ii t. Ws can now 70 from R,ehnona ts T. 10
t}ucbrc OF Cuba sooner OF nearly as soon as we
s."a 1ots.y 3sc make Trip Lynsh0q{ W
can 20 to s:sup Ia KlchmonG AM, wake up IN nos.
IsPe sboss sf Hss: it,:
IT. ,'sslass =, o.. merchant, arc no longer
and at long intervals. They make their purchases
hourly, whcro they formerly made them once II
commerce tho internal dealtnus hotwecn. .coTni-
nit!ca IN the United States 10 sad to rcacl, 9a0.
900, Uop. GOO. Could this be carried OH With tocal
tdo piaco Of issttc '(''S ''o''
The wiudom Of many of the prominent features
o ea 1 Fl
publicity, exRnnatons and others
IS uHNEhALtY AcKsowLEpoEp.
But It u now propdsca to abolish this admirable
Sssss; b. % ssSsn 'sas 'n'' may
trjt nroh1n nfl: tniH; Ihtf;;thsr hn,te hol, 1en
miinus in r1niteS Statcs bnnIs nn tb.t a ,as n;'n
thnn, th.v rrceiyr frGm E1E ( n,n i, Hi5 nIn Mo"
fDfa intrrcst nnnnaiy nrf thst In "dli.iSm tiins;
tMey hnys rotnrnei 10 tncm by ths
nc1rir M great an anta,nt ds c}rem}atiut nt"s ~"
sey depost in Ioas 20 thu. thsy hava s otys Srne es
nrs mi IN fnrtnnnn rcceIyo s,mnn n,upa.s WIZ Wiz
~, thcir in ysatnnnts '''o ''''s's's "a'5
~ sphrnc ntatHrs Harm IN toroct TINT tho N,tto,.-
bansinr sysfom usfop,eI liz sys,e~s u of nnMv
atatrs which nutnnrise; IL" is.In ~ cstcr'nttn
notss 10 as amount osaal 10 fho capltal Iaycste.
Withnnt Ten,,irny the .,nnn.t of env .,r"r,,S ,
cver far sneh no,cs ghich systc T. uo'v ~ mnas
t'nn ~ ,hn tfnitnA Einni9m ~ 1nuns :" ongtea
,nnst ~ ~ N" other Ssnn1riss :" e"'naa' "na Ill
Xii snch instItnttnHs rocetv. 1ouh,o ,,+.,u,.
,uSiia th.r ars tha auys .ms ~,
Inv s%ei1 tsivc .crr,tv ~ tha o n'iiMnIs tIas
arc thex suiect ~ It,e ,rv"." nv ,"hi. .sos
rss,,,rtons vhIcS ata sw,,oI y, m ~. waoesnGle
anv .vs"m ~ n.nl,n" ~ W "cceaaeY IN
W These avM1I "iatcmento at,n nSb,, nrots vs,,s
an nttnn man snn vcIf +" 'in pFomas @ wn!sa afe
o ,n".;nt"i ,sitS ~ sn eaf' M'u MANY PCT
cn,r,uca ~ .nc w. a,,n. W." t"S ~, ~
s~"n,ni ~. ~ "mhfact ~ t., ~. n"sT enss!uiy
II y @ .os a".s ~ ~" sn ashMee ~ patt!es-
Ky .hr +, ] .no ae,aoeIs VI tis
@ ~ ,,.nn, sna!u ~ UPON IN nYata.o rot
N,a" ", i ,er r"mt horas paM
Hcmnvs,r,,cd ~ nv i"n.rttnI ~ Gan NY ot tsNally