The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-05-24

notes was not considered, When the
ronyen.ion n issi, indorsed what is known
rs thc baltimore plan" there was an
unusual plethora Of money everywhere Very herr
lingering in the shadow of the pan,c, OF
1895 tho country at large was sun bsInK
held under the spell OF perpe,uai m,e mt
era lions of the greenbAcks and treasury
notes.
II is TO be regretted tina; what must c'c
accep-cd as the concentrated wisdom Of
American bankers should have favored
plan that did not in any degree Increase
the IN formity of the circulating notes,
that ae,racted from the security of these
notes, by basing their issue on capital
stead OF bonds. that aggravated M a.
ing 10 release the bonds already held Tor
circulation, and that was not at oil de-
fensibe as public me nnan ,os t ihe re.
tiretncn, OF the greenbacks and treasury
notes. ihcn, as now, the most .aggravat-
ing cause OF our financial Ills. Vn consld-
oring primarily the interests OF me oanRjs
aua their immediate. connections, t',,r ana
Neoy ignorinS. existing S condi.ons ss IN.
hlnnte of truth was given 10 the procta,,
rntlons Of our v'lllhers and the accented
stro,,sthencd The secretary of the
aSurv thu comptroller q The clirrcncy,
sri varions o.her nrainy think".s IN"
Mated reform banking bills, ana mat
none of diem have been accepted encourr-
w,rc 10 disgrace for medlocrty to fail
Ny, ~ wisdom genius aud talent Rave
found nly hnrren rround, ~ is no., my
hanlAna in. Nv remarks will be limited
s Il l o'cr INTO such a Nm Win brIsf
argunru.s thereon. and Vt Is not su'li.
riently Hear 10 my reasoning tina. SWAT
, | have 20 sugges' Is practical enouch TOR
No to assume even for moment thnt !
) have soivel the comploX situation; neliev"
,0e my aim Will have been ACCOMPLISHED
n IN aaaiug TO or taking from any OF
nv. rrorosir'ons tho cause Of reform has
Id. N advanced or s'eD. To my reasoning
- ,hrea clements that mus h. con.
/ si,lered In the perfection Of a banking bill
SAFETY and uniformity Of the cir
, re rot rsment of the greenhacks
ANA r,asury notes without undue con-
/ 4. r'eS hlitv ar currency capable Of
eVnane and CONTRACTING 1T VII W, u r,,rr
demands of commerce.
y safety and uniformity Of tho circulating
notes are found IL the highest degree OF
, perfection in the present National bank
+ lng system. which shall accept as the
, ground work Of MY argument, and what
: shall say hereafter must be considered
e. ti, c.if, mn NJ d.mantIs of
our commerce for ihiliN lars ana was
n Wi.noGl appare" ~. nacessitv
= i,f,,.1 .;rrri.ttion ..na "A coubi-
'' . i,r-,.,,,,.,.,,,,,. t,a1 bro,leht the
"" - ~ 49, ,,.,.i,S.,. mics 10 The
/, sno,,, ~ - cnnst,nt Monaco "a our iinan-
: clal lauriness In furtheraneo of my
y ,.'" is,,, ~ -. ,,er cent
Il government .onds. running nifty years
s, from date of issue. sufficient ~ quanutf
a. 70 ii''t''..,.i'i ~" b., ~, -,ss,,nrks and
, -, '''' ,,,es ma 70 i,,.. ,he nossihle
+, >,,.,,'j,, ~ mo Natininl hankin:y sys-
', i.-,,,t,, -, H. el,il az ma. ia Tho
!, IN ,il'9 u0a's's ~ ,'i,e,i9,tt, ,u,noses
nayin..ts 10 he made in gold. srecnblcks
~ or itAS"is 4" ~ ~ ,,5r,,t If
III w. ~ f,e and
g , i, ~ ,f c ,reasurv
It, W 'i''s tt''Nt ~. ,ar
4 '''''''
ia ~ >,.4..t ..-.i.. l ,s..,..d tn IN
vst IN 5no,n .al nj OF
! -, - ~ .,,t+jo n,
H.. hn,,3.
q In i7aso or an a,,,arpenev To he TO-
n ,,,,',t ~. ~ -, ~ 81 ma c,,r.
~, s., ii, 80, ,o1 ~ u
Sc ier ,.,, ~ the nnii ~, ,,niinnSire,l car,.
a., e 49,. , t,i.S W. ~
III double llahNiv Of ,ho s,ockholdcrs ana
N all Of he asses of The bank saw
a,.' i3ili h,id Ter In'a,i0n t'lis c'"s,
III once rcdeened nv tho government as
IS hereinafter provided.
N 10, t, i5,e Oh ~, Ion,
Ne cirtliLtiloi. arl subject the onorgency cir.
cula.i0n " u tax equal To per cent pei
ahhum ga me "f"fasa amount n cirfnla'
~ '9":
re- ~ a. i"N on lhe 'HlerSfney eirlut'-loi
~ 20 i,r lt'u as ihnn 10 fempurse ne gov.
t,I'''n '1r me ir9mpl redenpiicn OF
,y =, ~ ,nn VI ihi,'u oahks, rms w. ~.
Il, 70 ne supplemented by any e%cess OF th'
nr X al pr crh, on ne hcnn cirruiatl u
- .ltil may ne ROUND ailtr paying the tN
~ pense o' Inc comptroller department no"
= covered ny ms iax
IL, i'n per cNhl o' me hohh circulat,ol
- 70 y. utpuSloh with the conptrolitr lo'
.,''hPt"h purposes fedcnptlon TO ~
IA ne saii,e as now. no 'und to he deposit