Pike County press. (Milford, Pa.) 1895-1925, 1895-12-06

ro-i,,,-e ,t to,e,fh tbo vropolorv ttn1iev of
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'''0U
h''n''F ""sF'''
nm convinced tho only lhn'oNHn hln
practicabio remedy inr ruF 'f'nhle' l5
iounu IN thn reiiFetneht ana e'iicoli'''9l
oa,,85 VI "a ,'i,i .,5 ,i,. o,,i.i,,,,.,
t...,,,.- 80. t. t,,., ,,.,.,r.,,,,o,,t
e., ,,o,.,,,,,,, ,f cleo ,,rrci,,s.g ,,,d,r tho
no., 80 teoh
t,l,o,, ,t,ts ,.,,,,i1 Ina ,,,,ito rc,dilv mr..
o,,,ai,t IA. ,t,,.. ~ ti,,s,, ,,otes
w.. if,,ii',t ~. ~ ..,. ,,,,,i, .,,,,I ,s eli
no ior,,o J,,o,,,,r,ti,ns bc,riu,,, &, Inv roto
80 i,,ta.ost Tbr, sb,,,id A., ior. toru,
ho,,ds tt,ns trrrs,si,,, ,b,ir dceirobiIitv
ne tnyost,,orts ,rd b,rouse tbcir INV
,no,,t ,,,,,id n,, Vol r,st,crcd to /, pcrind
far ro,novcd fro,r tiresppt financial bur.
dcns Ana rcrrlcvities ,ybcp With Increased
nrospority o,,t ros,',rces tbcv would be
moro ,asilv mpt
To furtbcr insure tho cancellation Of
those notcs and nlso nrovidn wnv bv
which gold NAV be nddod In our currency
In lipu of tborn n fcoture I'm tho plan
shouId bo an autboritv glvcn to tbe secro.
tnrv az the treasury Ia dispose of tho
bonds abroad for gold II necessary To com.
plete tho contemplated redrmption and
cancellation. permlttinp him To- use tho
proceeds of such bonds To tnke up and
cnpcol nny of tho potos that may bo i'm
tho treasury or that NAV be received by
the government ON any nccount
,n,ro,so -, p,ut, Ct,,,tott,,
M -.
ino vuIroi'uy wi'l,,'l,'ML uy wy ieuiro
,.oU W. v,'o , onl,u t,on'os io'us "i,y w.
ny %o,ee Stee oon "itU,IvInB onn W pronany ,vss @
i Unuh &c So, w. oou, ilisiD no suppiIou "
suoh gold as would be used on their retire
ment or by an Increase in tho circulation
OF our national banks. Ihough tho hg-
8reRate capltal OF thoso now IN oNlstohco
amounts To more than snoAuoO'ooo' the'r
outstanding circulation basod ON Dohu SEE
curlty amounts to on y about Sl"u u'o,
OOU' ihoy are authorized TO ISSUE notes
amounting TO w per cont OF inc bonds ao'
posted to secure their circulation, but IN
no eVehJ beyond tho amouhtoi lholr chpl'
tal Stock ana they are obilgeu TO pay
per cent tax on the circulation they issue
lhlnk they should ne aloWeu 10 issue
crculasion equal TO the par Valuo OF thl
ponds thoy deposit to secure 10 ana tha'
the tax on tholr circulation should be re-
duced to oneiourth OF por cont which
Wou'u uhuoupteuly moot oli the expense
the government lncurs ON the'f account
In oudluon they yshoulu De allowed osup
stltute or deposit IN lieu OF tho bonds now
I 4