The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-05-23
cost Of the whole system 10 tho Govern,
ment has been bu. s5,14s,eio OF. ll9i.

ment pas peen Dut ~, I4e,oi5 VI. ~ M
4 For the slx months ending September
LIST, 1881 tho National banks numbered
e,loo, with a capital OF s45s,o34, Ass, md a
surplus Of sl27,23s, 1894. The earnings for
the six months ending at that date on CAPT.
tai and surplus was 4os per cent, from
which is 10 be deducted the local taxes.
Under the old State system, tho loss 10
the people per annum on circulation, by
broken banks, has been estimated at 5 per
cent. The present National bank circulation
isS3Go, 3A, $50 II losses occurred 10 tho bill
holders under tho present system, ms they
didunderthe old State bank system, tlepco-
pic OF the country would lose every twenty
years the entire amount OF this circulation,
or s72,oOS,s50 every years. But the facts
arc that in tho whole existence OF the
National banking system not a dollar Of
circulation has ever been lost in tho hands
Of any man.
There was time in this city Of Wheel.
Ing when eastern exchange, or, in other
words, drafts OH New York, Philadelphia,
poo,on and p.,,,,uor, :, L;,.,'
bos'oii ANU b"itit'ote, coniiiiuu''eu w i'isu
rs 10 per cent premium over Wheeling
money. Think what n loss this to persons
who had to remit eastern funds 10 INV part
Of the country. II was n prcat hur,,cn A.
such times md Mt many other ,imcs
Wheeling money would not purchasc n
railrond ticket hero at home. cycept Mt n
hc,vv shave tTnJor ,hc old svs,c,r ,ho
omount annually mid nv thc hns;ncss
of ,hc country for EXCHANGE, wos many
,;mos cre,,cr th,n tho omonrt ~ ;,,oros,
now mid n tho No,iop,l horLs IN ,ho
.s,,I -, =. =, ~ ' y, l
po'''s oel'osl'eu u see''re their c'feuIltloh.
The present rate Of exchange is purely
nominal, and their arc Wheeling business
mn, who sand THAR ,r;voto cbocLo an ~ ~. :.
-, r'1 .nN"' W o"'
nome pauks all over INC country 10 meet
their bills, aud pay no exchange whatever.
There are people who hate the National
b,rLs -;,ot whv ,bov cn,,ot ,o,l I,;.,Lo
~ - =, W." ~ NY >o' va - 20 ''''
c"sc Vi IT. fe''' o'er agalh'
ri Th 40 not Ike ;!y on. pr; Fell. g
mi hi th iii Know low quite ta we'll. 'e"'
do not ike YOU Dr. Fell"
Our three representatives in tho lower
house OF Congress voted last Friday agains,
the bill extending the charters OF Il mum.
Der Of expiring banks. This, too. not
wlthstandlns the amendments that were
ensraited on the bill. AS showing the do.
structlvc and obstructive animus OF some OIL
the amendments offered, We submita speci-
men in the shape OF Il section offered by
kenna Of this State:
ANY National banking association here.
a ...u:a, organized 1 unaer eklstins law, Oh
hv v;r,u" n I'M nrovisous ~ ~ 't W. Nv.
siiaii be held to have thereby waived its
right to receive interest from the United
S S'oI on " PR cent OF me amount OF
ser,ritv far c;rc,latnn hv sa;J asiposat;a" W.
for the period OF such deposit, aud no in.
terest shall be paid on said 60 per cent OF
1 p". ~, au,oun! ol pohas Tor sa'd period;
n aart tho r"t 81 o tho Saore,, sust ;; .,
Treasury under existing law IN cali and
pay oil said bonds"
kenna should not have stopped short