Mexico weekly ledger., 1899-01-05


.. HLa hank and
es'a 81 ssshe b,anehes into the
s.s.-.as -e,,rrr,ttes n iris nation.
oiIelens -onmssnn@mcssuslv AN prec-
~ $3.50. 81 40 smsi, hauks IN
eoa
.ns Ts 49,. y,r,nlv am international
$50. -. a. sndicated IN
49, y ! mere hank for
.ns ss e--ss.r srchsrea there
80 - ohfae.Ior ~ n Thore
coals ~ = oh;sotion AZ
~srn. 40 Rnt n II we've. ON
~ $50 - ~ - AZ indicni.
=. .s.ss = A. no., - any real oh
y
9oouon VIZ
HIemnee 80 Small nahks.
atfk s.ar,a IN ma that Il "a a menace
--n 80 !. A. -,.t;on. that
Q every Small p.ha :. al ~.
IL IL the entering wedge tnat "hi po.
into force some Of the worst features OF
a. McCla.rw banking hill. ID has some
~ -, - /. -. ~
o. the sAme sene.al ..sah
gigantic Dana WIN - ,s,s Nil
on, snzonsn tns Ooany 49,
WIN % useo no. ~ mu ~
national purposs~ Ai" u p-
poses ..u4..
Anosnes op1e1eio1 e.
20 DO gone tDroasn Win enus. wv
minute fuies WIN WV vppolspn
amenaihb Nm tna oIuana'y N-5
BANK nncss 1nls nln o
years = nAhk enoo. oat nA1
ihk sJssoh ..u
I'm page IL OF q phiA "ans ia
v0ur attention and the attention o. The
sn.,,hsr. s~naciacaIlx n tina obiecta Of
IN 49, ~. ~,.n,sa. for
me pin nere aie ene ~ ~
which the bill Is 20 be used;
sse.x.,fh I'm aet A. tina ananca.I agent Of
sav nation. eovernmenh state. municipality,
royuorefIos ~ uer-oa. and 10 perform any and
81 acts and duties not inconsistent with law
that il may undertake and assume a. such
financial sgsaS inelaalns ,hs sals. saenanss
Ssn.s" ~ srdsbseaneas i..usd b~ any such
government, stats. m~uniripAllty. corporation
or person
4 taxa - That that mount 70 very
iittle1 ANY private oisiDsh W tno oni.
ca states may 90 Anysning mat selsh.,
&c IN mis- paragraph Oh seotion : Q
2 OH. any panh N .ne vnlseo osa'es
might tnronen an asen,, 20 selysl1
tnAs Is pfof'ueo 10. IN snis seosaon. ou,
tne reAt 'meAt ! tne ~ooooanus - Aounu
IN paragraph 2, anu snke ~ W - sne
real oolect on 2 oill i'soll-
Aleier 70 paragraph On seouon y
as follows;
"Eshth.-To carry on ne ensines Of bank
notss MIA ~ s@rhsrra d.asts snd ether sTi.
dences Il debt: 70 receive deposits; 10 buy and
sen exchange. coin and bullion; TO issue let
tsrs o. ereoi. 20 me order Of .ns person 1ns ere
ity' sub;ect 70 the limits Rsreinnfter imposed,
and TO borrow money for use in its business
in an amount not exceeding 90 per cent Of its
N oener Moru1. esis - e.sety .
system on eoanea.io Danhins
Ina. ls . oo9ec. on y, ana Us Ioleign
power Is mere incident ~ Is putting
! totee IN tnis oountry some o tne
ofssslo measures Oh sne McOleary o
An Enterfng Wedge.
THAT portion Of IL making your
gigantic bank with its branches and
with power to drive out the small banks
Of the country lie carried BY this bill,
q while am not a defender OF all
portions OF our national banking law, !
DO not believe In that portion OF the
national banking system that permits
them to issue or control the currency,
but beyond that It Is the best banking
system we ever bad, and ] think it Is
FAR superior TO the bill which Is pend.
ing before uA and l warn you gentle
men now, II this bill ever becomes a
law, that before q decade passes away
It will be amended and put on the stat.
ute book as a complete banking system
Tor the United States.
In the McCieary act n Of the
worst features OF this bill Ia included.
One OF the things that make a drastic
change In u finances contained in the
McOleary act IL fhia great. gigantic in
stitution, with its many branches
throughout the country. You are en-
comprising that same legislation BY the
passage OF this Dill THIS idea Or hay'