Copiah signal. (Hazlehurst, Miss.) 1888-1899, 1888-03-08
BANKS OF MEXICO.
hspia rasrsass % PapsT csrrsnsy IN oar
SISTER hspahgiu.


According to the last balance -shee,
Of the National Bank "a Mexico. that
institution had ON hand In cash t2O..
2'sS. 2i0 a. aud Ia accounts payable
I D.. 2t9. sa3 ~ while the sum IL sll..
DISCS represents The value a its bills
In circulation. THIS Banco Naciona
MeNieano was established IN Noyemb@l
II issl. With a capital of $500. Ols
and the privilege II increasing ID b
t0.000.o0o for every million u coin
or metal In its cofrrs IL j. authorized
10 issue o.. 0oago IN paper for circu
lation. Il is chartered for thirty year.
and 10 exempt froin taxation during
that period u issues Notes % tI. o.,
-. go. e.. siOO and ti.U0. In return
for certain faeilitir. afforded the Gov.
ernment Il has acquired a monopoly oi
the Government business. and the stip,
nlation that Is notes shall be rgceiy,
able for all imports and duties due the
Federal Government. aud Cor those VI
the States by special agreement viii
their respective Governors. which priv,
ilege is secured for the term II H.
charter (thirty year,l. to the exclusion
ot all other paper money. The M
tional Bank has branches la tho elite,
q Vera Cruz. Pueblo. Guanaluatu
GuadAlaiura. san Luis Potosi and
Merida, aud agencies al over ths
Republic. The Bank of London. Maa.
leo and South America was established
IN MoNico City In 1854 The principal
Office j, In London. with another branch
IN Lima. Peru, and various agenci..
clseS here. Ia has a capital of o.. 0O0.
90, and IS not chartered. having been
organized when there weru No banking
laws in Mexico. Since 1885 IL hzs
issued notes of circulation u dcnoB1i.
nations from tlu Ia tl.Oo Since 1851
it has increased it. paper circulation
and added notes of a. Il. paper cir.
cnlhii"n l. now estimated "a about o..
"oa, a,ub. and the notes II this bank lra
not received fur Government dues.
The Mercantile Bank Il Mexico va.
also established In 1881. with a capital
- st@f0 $50 II issues nolas - o.
..s......~siYua from sl 90 " 1000. aud
has now . paper circulation II o. 0D0. :
90, and branches In Pueblo. Vera
Cruz aud san Lui. Potosi The Baneo
liip"tecario MeNicano was established
in the spring u lss2. with a capital II
s5.HJ.en l,s business &. Ia deal in
bonds and mortgages IN real estate. its
charter extending ior ninciy-nins
years. with monopoly assured f,r the
hrst twenty years q its existence. the
Govorumout being bound not Ia char
i"r any other bank pith like privilege,
during that peuod There Is also the
Banco d. knpleados. or Public Inn
ployes Rank. recently chartered and
80 lately IN operation that ia special
fanatisns ara ..st yat olaarlw under.
sto"d by the general punIie. rhs
Balse Mercantile (murrhants' OK.
ehanyel 70 another recent establish.
mont In this city A State bank has
been founded In chihuahua. which
issues notes u circulation. and Also 10
several other States. bat | am not In.
formed as Ia the character u theit
operation or the amount of capital oni-
pluyci
The foregoing brief notes. however.
will indicate the rapid prugrcss 20
bank-paper circulation Ia thi, country.
aud the strong probability that Il viii
continue IA increase until silver IL
superseded la all the more important
commercial transactions Abaut tho
time these bank. werc chartered gem
sral banking law. moslelvd after that
of the united States. was preaented 10
Cougrvss, but failed 10 pass Yet
there seems 10 be- Disposition. both a
the capital and in the States, Ia grant
concessions for hanks to any respunsl
bic parties who may desire 60 establish
them rhas Il appears that neither
Pupular prciu,iiees noe ancestral tradl-
tionss nor the adverse Influences II the
mints aud al important silveF-miniug 2
interests have had ths slightest effect
In checking the papor-currcaey move
meRt, which. with the completed rail-
road connections with the United
States. emigration and me oxt.gslon 20
commercial relations now rapidly pro.
guessing with Europe aRd the North.
win have become 80 generally reeog.
niEed Ia business that the mismanage.
meat or accidental failure % a hank
win not seriously affect iis supremacy,
and we may confidently calculate thai
the day l. not distant then Mexico will
have a clean decimal currency u gold.
silver and nickel for all retail business.
and a sufficient volume of souad aud
wcll-anthenticatesi paper currency 10
answer all the demands u her growing
prosperity faaHie n. Ward. ~ Troy
a. ID hsae&