The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-09-16

tial difference between the check and
the bank note, except that the former
passes practically ~ Endorsement and Is
TOO slow and canbrous for the smaller
transactions OK life. The control. direction
and management Of subsidiary coinage by
q government is purely police reguia ton.
10 protect the TnaSss from the frauds OF
the dishonest few. 50, TOO this same ne
cessity Of police regulation has compelled
all nations 10 80 guard and restrict the
currency Of trade, apart from subsidiary
CONS. that IL Is kept as good as the money
made from the standard Of the realm. Now
a bank has Al much natural right 70 issue
its note TO bearer as al individual has. but
lest the innocent might suffer through
fraud il Is a proper exercise OK police an-
thoF4ty for the government TO see that
banking institutions shall - iise this nat
uEal right as n no way 10 defr3ud the cit
izen.
The safeguard ira, will insure the cur
rent CONVEX RI blliiy OF every note issued ny
the banks into the MEASURE OF value OF the
country VIII be an absolute guaranty 10
the people that that bank currency Is az
good as god coin X the standard Or the
country - gold. This has been proved BY
every leading commercial country outside
OF the Tnited States and can he readily
and safely adopted here by giving the
hanks the right Of note issue against their
aeseis upon condition iat these notes
shalt be cougerti5ae ingo gold coin. and
placing upon them the burden OF finding
the gold necessary 20 lust our CONNER
cial balances. The working Of SUCH sys-
teen has been seen In France. where there
- i uniform rare OF interest fS ~" AZ :
per rent, in Scotland. wnere FOR - years
ther. have been only three bank talidias
ard IN Canada. where the hest results OF
airy have been attained But il may be Oh
iccte,i thar IN AL these cases the capatai
~ the banks na- been large. The answer
- 10 r,trt 70 tha suffolk system in our own
country when conditions were not so ia
vorabls as nov, which esia h!sShed me
rroro4<ition that Il % "a safe Tor BANK
fszzsf 7.s-G
80 - 49, .ssfei rYAer almost
-. - s,cs,tt,r st,oyvfnr It's fitness hes.
F'tN SN'.". - ..s.F@ p 80 Aaa hseu
- - - -, es+,t,nr,4hi}ltv
HiTlte "s %"ti go ...,.-.,~,. .AA,
The oes; form 81 papFt cur ~
sif!0Ss INTO bt.-..S 49, -, - btne 90 ar@
with those traisac'lth7 ~ y ~. ~, " az :
exchanging ItC1t..s - ~ ~ 80, 80 - 90
es0s rNeIF tN.nJ> 80 u ,,,.zs a. rs,
49,, .,+,-,,- a t,e,,3as~i3~e4 CURRENCY. On
aSt o.fl' T. tscs,.3 or,v 49,, II IL
~ -, .s -. - re- mas ~ yyhi~h tbn
notes sye secured is whole tendency ard
-. go rs.se 80 hirh ~ ~esIce
80. ,S,T.a;s eun3s AID inst In proportion
-. - = : S,rt-q-. -. 80,
- ne - -, - s,t1,,7; ts,.,
- ht,r.1r, Iut r~..,ir curr@ttr.. vcarks
-, ,,-r,i,s.t,' $50 M Afn,tr-3s - ~ ~ %
,rs.itv tr-ree~s7r .4a traralr}e funds Nv
,,,,,e,,,'. - - ~ ~a,,,i sT,,,,s,,-a.i
80, oS.,,,.4ttrv i'.y..rf,. r57e "a II
s~.k-.t 30 80 So a-+lff.l4f. ~. ~ p
,a+..vsf ana a ;s,rt - tsle s.slst7exs it-.ir
,'Iat !: raav be ohfee:sa that banks
,,'.l4 ,,.-.4 $50 4ss5v ,,.s - frs ,,,,,~.,es,
- -,5s,<,r,, ,,,.3,,<v s.a~t.e ara f3r-t,tF IN
- - ,e t,..rseet S. - 49, - =
y,a-sssr~. - ire pTrtle4 fs,r q he~s = ara j.
cally an isn.tea note issue IS xraa.es' tBere
tbs rates arr i-vres- -T7, =, - m, 80.
~ sr-ra-...s - ,-a~a7a re ,.ra,strsrl,. nj
fovm ra7x5-s trcrr ; Ger cen. - q ~
evnt.. ~0.,e our country ex0.h;s a rang