The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1883-12-06
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THE CURRENCY.


GAu0stb SUUVtUsuGU NW0N VepuNe
Controller Of the Currency Knox reports the
ORGANIZATION OF a0a hanks tor the year ending
| with last month, leaving a,h19 In operation, til
| syatem extending into, every territory, The
nsrshasa IN e msrss ss a "ms W s
aso,06a. The Government has gained ahaut
NMn,ooo by tho accidental destruction " hank
~ Years has hecn but sssio,aaS, Gont,ol"r Knas
hank circulation II 10 reduce tho redundant rev.
. sss ss. o " So"rss
A. the date q my l.st report tho corporate
existence Of cinhty.stx National hanks had ~
E,g,n, snn thirty a ,hrsc nanks ND extended
uf,y-twn banks went into voluntary ltuudaile
and were succeeded nv other associations uieans
n July II, INA, which authorised tho cstensian
twenty wears Of National links whose
,anehsrs M,re snon. 70 ,ssmna,r M, The
and lid not elect new organizations The
number Of National hanks organized nnde, tho
act OF Feb, y, isGs. which were IN operation
se7, or these banks, 2Ta have extended then eot.
pefatc existence under the act Ut July L. iss1
seventeen have been PLACED in liquidation by
vote of shareholders III the hank, and four have
Expire nv Imitation All at thess hanks which
have hcen PLACED IN LIQUIDATION AMI have ~.
rrcd nv limitation, with the exception IT tMe,
have been succeeded hN new associations, or
eanized In the same localities With different
titles The whole number III hanks now In ul,-
grafton which otgaaired under tho act NJ dune l.
ls6t, whose periods vi an,ccaStan will stmnats
during each year previous ~ inn,, Il In The
number, CAPITAL and circulation II hanks eSrit.
ine IN 1884 and issN h A. follows.
Years. NJ, ~ banks, Capital Circulation
iss......t......,,a go sa,ei,,sm 4 oe,sst,s,s
1888. ......,...,.,..g lsa,aad.slA lsi,sls.iNn
A. to the relation " the hanks u tho bonds.
the Controller VI the Currency SAWS
The average rate " interest now pail hs the
United States on tho bonds deposit "A NJ an,n,ity
tor circulating mites IN about ase rcr etnt. upon
their rar value, hut II l. equal III about alp rer
cent, only OF the cnrrcn, market value Y. the
honds, The banks now hold 81, uhann III a'ea.
kiodnN,ena ut ~, AMI sat,sMsooa ef arc, cents.
which have been refunded trim 40 per cent.
More than c-hali ot the bonds now held hy
the National hanks are i l@r cents IL the pub
lie debt continues TO he paid AZ rapidly ~ II haa
heen during the rRst all OF these holus Will Ger.
family he called within tho next thies wears
estimate will not he called within the nsNt ten
wears, cannot h. purchased Tor premium 1T
much less than 2 per cent. AMI ~ that price
there Will he \ loss mon circulation hased on
this class Ut hopas " they arr ra'cmed within
three wears, The profits On a enlaiton hssed on
nominal,
Oh the amount III United StA'es bonds held hv
the Na'ionM hanks aud hv hanks organized
under state laws the Controller saSs:
Through courtesy II State others, the Con-
them under state laws hN state banks In twenty.
two States, nv trust companies IN i've StAtes,
snl hv savings hanks IN fourteen States At dit
l,rsn' dat j. during the YEAR lssS, and from
these returns the following sahl has hcen conn
piled.