The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1892-09-15
RANKS & BANKING.

l4n n.
term far,nr,. are subject to the drainage
- Federal taxation. and the enormous
yo,un.c Of this drain !, not appreciated
1t j. sufficient to Withdraw the entLfe
circulating medium from a >out ,itl
.0I"ls III ''ii -iI' '''''''i .Il,a An,
the matter Oh reL''o,.o 'IJ na" 70 n";
o..s -, -, milton. # dollar. into tie
tr.,.mrv for this purpose. This /,
,y.,hdraw,. from these states absolutely
and nut into circulation in the North
-rI state. II VIC add to this tho
amount winch the ,3[IIi "It VIII IIa',l.
from inc SCUM amy " ~ ''',,' ,,,'--,'.
over 10 inc 'tv,C''' i''''',',.,', -,
lie I-"S H. It ".'' ~ n. ., ~ a.,
., ", ,rI,..i, ors now rramorino for il
rnIc.- tLr tarmin. industry is 50 pros
l.r0u- a. to overcome all"
...,.,....,,.-r UPSTATE LAW NECESSARY
.-.,,.. - I,o ,oI3 =.
II may .,' a..an,ion NV
- D NV, -. - I.:,d os+o f,vor N,
.,'',l . '''D ..,r,,aIIa ,.;eus on these
,. -, 49, 49,, ; ,ha Conorcss were tc
o1 -. 49,, nn Sta,e Ranks ,hf
90 c,,,a you'd .ienv -.
.- -,,,.I'... 50 ,nr.,r,or,t;no crrI
-,
- G ,'' do. no, a.,,;d State
, .,.o., I, orIy i'm,
.'..'',a g.. oT,o Ne, cent on such
,,.. -. nrr c,I,. law forbids such
p-.nl- ..s,,, nnd,.r , fine Of $50 and
'r;sn,,,.,nt Code vol chan.
49,, ..,,;or ~, Therefore
aE'.,1L I,....a.as. when + rc-assemb,ee
- f,.r.n,Ier or the revt CONGRESS
xbsr i ,,nrcnes IN March, reneal
,r.,- 49,. 49,. :, Nor,b C,roIina wonId
ea,aa Io,oGt from, tbe ,ene,l Il
..oo,,,ad tba o.,an,;or ~
our rolitir,ns who have so Loudly
condemned the Congress for imposing
TINS tax, tnat we in North Carolina
nave, by our own act, deprived our
elves Of our right to issue Bank notes
as money. 1t is a little inconsistent
that our legislators should ask Con
grcss to remove the tax on State Bank
notes and at the same time forbid the
i-5uc Of such notes themselves.
1t is high time that this matter
should he brought to the attention Of
tie people OF North Carolina, 50 that
they can elect members Of the Gen
craI Assembly pledged to the reform
81 INC ii" II lIlIS respect II 'i''9 ID
I'"' uolc !. VIII Dc Two }c''9 vi inoi''
NOM W '''''l' 1eN'' r0'o'O '',G ''.'i'N'
.'uIu ISSUE money, D0C1"'0 'iIe ','"'0
Il" present loIDid' H. anu 'Hele
"'"I'i DC Il" Leg ISI"'uio III 'o9SIoii ~
Il 'e'- '''c Id" o' u > liant D"i'N 'i'"'
I'D
-IAIE COMPTROLLER OF The CURRENCY.
Such a law as is suggested above
should m0yidc for a State COMPTROLLER
OF the T. urrency, who should prepare
the notes for the Banks. deliver them to
the Banks as they became entitled, so
a. to prevent over issues, and also have
the custody of the plates from which
the notes ar printed, and provide the
paper 50 as to prevent Counterfeiting.
In general he should be given such
bowers and SUPERVISION as the Ma
tioral Cor,D,rollcr of the Currency
exercises over the National Banks.
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on dem.nd :, aoId and
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-. ,'.,,cnt Should ;.Src f,r ,vn VI ~, ,i'ro1