Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1897-11-25
CURRENCY REFORM.
Another rspsvt N rtnsnr~ sty~. ftis
Views >ew t~star~. urssaxht foswsrd
Afsfw.r t.mptrolier 90 the sarrenc.
-ubna q. the K~-att. ot ftts >tusit of the
>ahi..t ts the Nsasssr, Commission.


Former t".ptroiisr 90 the sasrenc.
-ubaa q. the R--att. ot rtts stadv at th.
>ahi-c' te the Nsssfsr, tampi.-tap-
NNsHH>1roN. Nov. - ~toi. William
l. Trenholm. who was comptroller ~
the currency under President Cleve-
iald's first Standardization. hR. Just sub
mitied hi, views II currency reform -
the monetary cpmmiSsiou. They en-
brace a nunt.er ~ features entirely
different from those % other ex-
perts. AMI nave hecn currfuiis Statisa
by the commission during several
recent sessions 60. Trenholm recon.
mcnds the fusion OF the grrenhac-s
and sherman notes iuto une form 90
paper reioemablc in gold. lie thinks
that these note, should he issued Ia de-
nominations Of 81. >, aud -. ia oricr
that the people may have confidence
ia the money in current circulation.
lie believes that redemption fund 90
500. 600 ooo would b. sufficient to
maintain the parity Of the entire vol
um- OF about s,s0. oD1. u01. The sug-
gestions of Col Trenholm regarding
banking are n follows
t. make ai~luatr pra4isisn far tne rec1g-
nitl1n of existing cirarln CHOU .s-, snt thr 80
tshlishment 81 nthrre hF aiiosius then Co. ~
orsanifc'i In rc.rrve snl crntrai reserve citie.
uuief thu natinaai htnsinr law vita defined
I-se-f> ani r~sp'H-ihilltie.
To- empower clraria -h.iis-~s thus nr.sn-
its-i 90 lIe-n.e hant- iu th.~ r..ts.-tla. sltias
10 ae'rpt cirrslaiiHf drafts drawn ~ nanks
situstei At place. sAere tarre arr l1 clear
inghou-cs sach draft, o. BE- fr@, ~ al tasa-
fion federal state nr ulunirIf,aI AL ID D. nay.
able n h..ar.r
To limit she minimum araart O., ahfrh
any such bank NAV have s,-=f.tanr... at...r.-,.l
,a' a. am nnc iir'- 70 a certain proportion oi
~, ~ n. ~
T. .,,.pt .,,-h .ir.ft, sits,l. t,si,f fr,., 49,.
frawvr, ai~gu,t, security tb.refor TO ts- fun
Na'peAt oi snrA elu'rnpisi'-' aeeepiancs,.
,..',,,,,., -. -. ,. " " -
rtth tn, cIsrie .b.,.... ..,-.,, !, ~. -,,.,,.,
- IN circulating draft. applet ior the ~uf-
neirn'S oi such -r-nr.ris both in amount an
x, .',..,',i 20 ,'.a ,",tAne ''P-
ths prnt..r ,.thor,tt., ~ a., ,,.,,r.n,b.,,,,.'
aut approved b. IN. iocai bank csAmiaer
Nrfafi'.es ~ drp'>itri q D. rri.a~-i only
80 - "a &c - ei '.n
oy M. es,riarsoa, T., ,b.' ~ NJ r,sr q, ,s
currvnsy Tor issirustion
TIE e'relis'ias irlft. authariasi - b.
80 u.'4si ,A' a' ~ ''n''. .t''as NAV or
prl,,te b,,. ~, an .,',.,,,, ~,
nation. by tas lo.ai ssaminas a. ma, b. p-.-
seups-i ~ th- comptroller - the currency
.. .'iioln' . a04i', ~ ans san d1s~rf pai-
49,, ~ h.. .,,,... -, -.
ths a-eepsla, baas
The c.rcula. lax drafts ~ aathafir-i shall
tF ot uniform iceiru. anl uiaT d. in asHHfl. .
ea-r,,,.i 49,. ~ y, 49,. -, -. y, - -. -
ecpt.nr t,ans aith bi.nk. ts D. nls,i SRA a.
h.'H.e 81 tae drasrrs
-. -4.''- !" - ias.I .y
.s.s r,s,rir.so.. ,....,,,.', .'..... d, ,....,..
,liina masir fr,tm sim. O. t.a.s- ua.ier sss,iia-
tions - D. rsiasllsa''i ug TN s,mptfeiief u
80. :. -. -. -
as-osiatiar. al nm fI,r- ta,.,.e r..aks r..,..
:. am ms. IA 5.rr4s.s - l.r - a.. ssss-= -