Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-19
should be assosacd to make sood tho
aafoty fund

should nc assessed to make good tho
aafoty FUND.
swhaleyer legislation Is had with
reference to tho nnaaevs OF the country
or banking. Ia TIA effects upon national
banl,s, should be petn1sslyc, and not
mandatory, as to national banks, while
their present charters continue,
NO provide an IN section that ey-
CRY national banking nsapcintion here
thforc organised hnd having bonds on
deposit 20 secure circulation shall on
or before tile first day OF July 1890
withdraw sunh bpndH and deposit with
the treasurer OF the United StRtcu a
guarantee fund consisting OF United
States legal tender notes, Including
treasury notes. cannot be inatihed up-
ON any principle OF safe legislation. II
could not fan to produce panic, and
the rocltlcmnesh OF such legislation
should atartla not only fnnnclcfB Ia
this country. hut in tho world
The provisions OF exemptions an TO
state banka, Notwithstanding; the
many restrictions impoHed upon them,
would drive every eSlnilng national
bank that desires TO take out cirenis-
tina notan into the state bank aysiem
II the BIZ were enacted. The taxation
Of national bunk notca II one-half per
cent per amman IN anctlol and onc-
half per cent per nnnum uhner section
| a. making u total OF per cent per an-
/ tiiin NsiNAI n, ia ~ NAta.ltloij OF
s6o0O000 per unnun on the banks un-
der tho national aystcm. which there Is
| no reannn 10 believe would he imposed
ON them Nhdnr any state system.
Furthermore. The etates would ho
far more liberal than the United States
Win ever be, or ought 70 be, as regards
bonds or any othar aecurliy or re-
demption fund. Tor they may require
| thu derNHlt OF no bonds whatever, We
can not hnlieve II was tho intention ni
the frorners Of thu carlale bill to make
| the conditions under which national
banks ahould iasno currency any more
! onerouH than those Imposed or likely
! - be imponed on state hanlya, or that
| Il was the Intention OF Secretary Car.
/ lisle or OF those who NOW enthusiastic
ally support tho Carlisle BIZ. or VII
ydir In congrcBr, 70 force the nationa
banlsn TO Operate under such State char
/ terB, and yet such will be tho inevlta
BILE effect Of the bill.
"The chalrmnn Mr.. Springer, pre-
scented letter 10 the COMMITTEES, rcat
II and proposed 10 nut n on record, ap
/ PROVING the CArlisle bill, from n wriit
cru banker. and when asked n he hHt
other letters from bnnlters concerning
the bill be replied. Yes, mnny--ilfty.
and when asked n they al approved 0
the Dill MS reply WhAl NO, ohly I'M
one
~irhe passage OK the Carlisle hi
may meet political oxigcncics o. whiol
we DO not know, but We do know TIM
ila passage will aggrnvate rnthor thai
relieve the financial situation. m
United States legal tender with
drawn from oirculati0h. di
nil existing banks take on
tho circulation permitted IN
der the bill. would be ;l6i 100000, All
Saving sa60.00O 10 ycx tho treasury
Thla would not afford any substantis
relief 10 the constant drain 81 gol
from tho treasury. II would inah
more congpicuots and more frequef
the demand FOR gold upon the tfensur
than al present. Notwithstanding u
added kinds Of moneys Twice wltbi
short time has the house declared u
unalteraDie opposition 10 allowing sta
banks 10 issue currency notes--once 2
June q, 1892. by vote OF 50 for 20 y
! against It. and again under the lcade
rhip sgainss state banks pf tho Rnllni
and versatile gentleman from lilinei