, 1881-02-20
= NEW YORK. |
o.nkers Making Naughty |
Faces Over Their Fund.-
ing Medicine. |
rhe Bigger the Banker the Bit
terer the Dose Prescribed
by Carlisle.
Samples Of Their Indignation as
Expressed Yesterday to Sym
pathizing Reporters.
qbs City Banks at Once Proceed to
Weld Their Dreaded Einan-
cial Power.
rba BUSINESS Empire Of Gould
Exhibiting Yet More Gil
gantic Growth.
Al But Erie Of the Trunk Lines Now
Absolutely Within His
Reach.
hcol. Sellers )" Has a New
scheme-F1e Is Going to
Get Married.
rhe "Trouble in de Chu'ch" " Which
Mr.. Palmer Bought with
His $4,000.
rba Business Empire Of Gould
Exhibiting Yet More Gil
gantic Growth.
N Ruf Erie Of the Trunk Lines Now
Absolutely Within His
Reach.
acol. Sellers" Has a New
Scheme-He Is Going to
Get Married.
VI. "Trouble in de Chu'ch" Which
Mr.. Palmer Bought with
His $4,000.
THE BANKERS
WT2Y FACES.

AA4 ~e~f~~~s
TIE BANKERS.
wRY FACES.
sn.eal Dt5potca to The Chicago Iflb4nk
NEW YoRk, Feb. 19.-Bankers and busi~
nesstnen generally are discussing the Re
frpdlng bill very largely, and are, Of course,
ruch divided in their opinions. met Mr.
u,teh. Of the firm of Fisk & Hatch, this att
e1noon, and had short talk with him on the
tub{ect Of course, he is favorable to
the measure, having worked for it very hard
n washington. He said he was glad the
bill had been acted upon fayorably by the
Senate, and continued: "1t is a good
thing for the people, although II
may not be admired By some OF
The bank officials, In my opinion,
the measure will be regarded in popular
ught By private investors throughout the
eount1y.'
"Why do you think 500
"Because know people will be satisfied
With per cent if they do not have to pay
sp.emium when purchasing them. The )
per cents without premium are
:: JUST AS DESIRABLE
S4per cents with premium I am conf
dent that, if had the per cents on my
counter for sale to-day, there would be
plenty Of purchasers. Then there Is
another advantage, and that IS
that specuIators will not be likely
to form q syndicate for me
purchase Of the per cents for speculative
purposes, and thus deprive the people a1
hrge Of the opportunity OF making safe
Investment at par.'
PRESIDENT DoUD,
II the Bank Of North America, considered
he passage of the bill g. an outrage on the
banking interests Of the country" and he
aid the banks would have nothing to do
with the measure unless it was sweetened
by some future action of Congress" The
sweetening be limited at was the removal OF
the tax on bank deposits.
President Palmer, Of the Leather Manufact-
urers' National Bank, felt that the banks
would be greatly embarrassed. The action
Of Congress might have the effect OF driving
National banks into the adoption Of the State
banking system. ....
President Sherman, of the Mechanics Ma
uanal Bank, said the Refunding bill was
THE sHEEREsT NONSENSE.
neither the banks nor the people would have
anything to do with the per cents. The rate
Is too low for investors. The officers Of the
Merchants National Bank opposed the meas
u1e. It seemed to them to be an attempt on
he part Of Congress to force the banks TO
the wall.
nbe "rather risky on the part Of the Gov
rrnment tn rhrn;v 4 ,Mr cents upon the
martet at thIs time They did not be-
laye that they would be favorably regarded
b. investors. Certainly, the National banks
Eouid he iniured to n great extent. There
must be- SOME redress in the future"
rur pppsrnrxT ~ T11r curu1cAr, MA
@11 k11f1sip1Nr 1r,e,, ~ -. wv f,
..,z. 4e1.' No. -. ho,de
for ssoo nan ~ ~ NJ na ha to,ted and thai
amonnt is rennired to redeem the IS
ind Gs maturing in May and July.
With the money in the Treasury, the sur
pus receints of the Goyernme1't. and. per.
fsps, some % sales of3per cent bonds, it is
possible that the e. of 1851. due In July, may
be naid hnt wo,,ld mi sunnose it possible
kat the Government could sell enough pc,
cent bonds to redeem the ones maturing II
Aay.''
ne President Of the Tradesmen.s NaGona I1a
1sak 1s thought Congress had stultlnea e,,, nsen
ior Presentation to our Board Of Directors
Slowing that, after paying all the taxes and
expenses on circulation and capital,
IT WOULD NOT PAY
asto keep our notes IN circulation If we art
10 .gpaes our os he sctua
pto6t wonId hn ~, mr. s800.OOO Of circula
tion ahout 81 m This won]d not pay
Ne conld ,,sa tho ,,ona, +o ,nnc}1 .,etfer ad
Vantage IN TIA en'n,, hanks scattered
through the con,,frr The effect viii be still
more 1isas1roSe M3nvnf them would max,
put $500 or $500 wear on their circulation
H. hmm