Savannah morning news. [volume] (Savannah) 1868-1887, 1883-10-03
NationaI Bank.

II + huubtful u anF enc L1oti <1t- p - 2
tho national f.anEIng system Wa sdOIt-
n. thar The time would cone when -
ducriou 4 the tariff would X urged -
save tbe national banks. That time, hou-
ever. has come. When Congress nles7is- .
j probable that the infueBee q the ma
rlonaI banks viii beezeTted - bring about
4 further reduction q TIE tang Ls44lL-
bankers ssr that = ~ onlF Fas- = -al
a. they nC- - q save ~ 1al-1-1-
tanks. 3 -11d many banks have a-r@-9-
-----5-z-r -se.- circulation 1e1a1se -leT
ro--d = did 1C- pay o. re 81 ~
~r-z~rer. l5.L rle amount II ID
national hank circulation Was 81 a.
last saturday Il Ess Ss5z,-se-+ ~ In
eleven months the decTesse was nearly
slB.pn.gsl II the secretary q tne
Trezsurv continues u call oonds-ano -
can't vary seU avoid doing il - ion-
- III revenues accumulate 10 tne
Treasury decrease i tAe ejaculation
VII - more rapid tnan Il Hss during the
pas- year. TIE b0nds that are being called
now arr TIE . per cents Tne treasure
holds TOW. u -n0se bonds. S---Fsi-t.r 10
secure circulation Al The present. rate
~ -aTr-e7r. ss- datt II sTIIl require sert
few sears ~ r.av all " tbs class q bonds.
There arr fr me custody g the Treasurer
sl.i-.nsa..a 70 AZ pr cents and ST.
p.a.ga0 ~ rr cents = secure
circulation. The ~ PER cent?
nature in -f.nr YEAR and the
r-- cent? iu tve1rF-f1ur vesr=. When
sT -se =. are called. however. Ilere
-v-f remain - sz.'.5 81 outstanding 4.
and sz5asn0ssg As. The banks
however. cannot afford o. purclss-
-n4.e I9n- bonds - q basis for circulz-
risn. They are mainly absorbed noW in
trust funds. and Il there we're any con-
siderable demand f1r them they would in-
crease in price very rapidly. and BE-
sides. = great JOSS would - sustained PSI
19Idug the - per cent
--rrr= ans -en-iders -le time They are u0TE
quoted ~ ia l1t the premium Wil. of
course. decrease a. they approach maturi-
-v. The a. viii probably remain 10
this present premium f9r several year
set. There j. n general iHdisI-9siti0u aii
over The country - - back - rhe ODD
~tefe hank system. Adventures IN the
banking business. perhaps. would MT ot-
le-t but the people who remember fh-
I1--a-. tne troubles and The uncertalnt.s--
Connected with the currency issued ot
stat. hanks ar- not anxious ~ So THAT
kind % currency sgaiu. Besides tue-a
objections o. !. IL cost was -nD--
NOUS. President Dowd. u the Bank of
North America. iu an interview Do TIE
View York Hsr1d last Monday said
1T has been ---imated that exchange
- t1e Southern and Western states drawn
upon New York alone just before the waT
amounted ~ S9.pa,se.rf1 year. and the
amount drawn upoH rhe entire East 90
$50 was estimated ~ $500. lsi1.nn. Iu
that wear rhe average epst ~ southern
and Western exchange upon taI- citF
-va- toIis yer cent II this latter rate
should be- restored the cost ~ exchange
would pc glUpl.11u annually. while DO tae
rate which prevailed in the state " New
York in lstg were - b. restored 10 would
result Do d JOSS ri sz9"9.oy0 q year 10
say nothing " the loss upon issues "
bank. not or-auized uron correct princi-
ples.
several plans have been suggested for
meeting the difficulty which j. approach
inz. A. stated. one plan j. - reduce tue
tariff ~ that The revenues wiu n9 more
-lau meet The expenses ri the govern
m-nt and the interest Ola the debt.
Another j. to pledge gold instead 9ft0nd-
IT, basis Tor circulation; and still
another j. ~ make state b9ad- The basis
aCcircuiation. so doubt there viii be-
other plans presented before anyone Is
t9grtrd.