The advocate., 1892-04-13
and aotive gympathy at every step.

influences and probably have overlooked
many others, but have, / think, said
enough to show that the honor of rescuing
the people from the clutches of the silver
ring and the lobby, and of saving the nation
from reputation and shame, belong not to
one or a score of men, but is to be
credited to the manhood, intelligence and
patriotism of all sides politically of the
house and to the cordial support and sym
pathy of a patriotic people behind them.
The feeling in the house is that the COM
mittee on rules will see that it will be wise
to let the matter drop. It is almost uni
versally conceded that the bill is dead and
that an effort to resurrect it would bring
storm of disspprobation from the country
at large"
THE DEMO-REPUBLICAN SWAY OUT" ON
BASIS OF FINANCIAL INTEGRITY.
The Chicago Inter OceGn-once In IA
vor of the free and unlimited coinage of
silver, gladly makes room for the follow
ing contributions from "Gold. Standard"
Harter, of Mansfield, Ohio, from the
idolatrous Walker, of Worcester, Massa-
chusetts, and from the "Keystone"
Brosius, whose home is at Lancaster,
Pennselvania, where the antiquated
President James Buchanan, lived and
died. Here is the matter:
WASHINGTON, March 19.-To the Editor
The Inter Oceans idea of opening up it's
columns to the discussion of the question of
the future of our banking circulation is
good one, and gladly avail myself of the
opportunity of talking to it's thousands Of
readers.
What is wanted to-day on all these eco
nomic questions before the public is not
political fusillades, but honest, intelligent
investigation from all standpoints, such as
the Inter Ocean proposes. Heretofore too
many of the banking problems were only
heard of in the banking journals and maya
zines, something, of course, the people sell
dom ever see.
In giving my opinion on the question pro-
pounded, can do no better than submit
my bill, which reads:
Be it enacted by the senate and house Of
representatives of the United States of
America in congress assembled, That the
United States shall not hereafter guarantee
the payment of circulating notes issued by
any national banking ASSOCIATION.
Sec. 2. That there shall be no limit to the
amount Of circulating notes which any ma
tional banking association may issue, ex-
cept that such notes shall at no time exceed
80 per centum of the par value of the bonds
deposited to secure the same by such asso-
citation.
SEQ. 3. That every national banking as
soCiation, after the same has been fully
organized, may at all times have ON hand,
in the custody of the comptroller of the cur
rency, such amount of its circulating notes
ready for issue upon the deposit of the Sc
ourities, as hereinafter provided, with the
treasurer of the United States as shall not
at any time exceed the par value of its paid
up capital stock.
Sec. 4. That every state bank, state bank
ing association, or banker expressly author
lied under state statute to issue circulating
notes, shall pay tax upon such notes at
the same rate as that paid by national
banking association, and no more,
and every such national banking
association, state bank, state bank
ing association or banker shall pay a tax
upon the circulating notes issued by them,
and in circulation, at the rate of per GEN.
tum per annum upon the average amount
of the same, not exceeding 80 per centum
Of the capital stock actually paid up in