The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-01
Bends and Circulation.

Bends and Circulation.
At tho close OF March 49, 1900. the day
preceding the approval Of the act apthoria
Ing the Issue Of National hank circulating
notes to the par value Of bonds on deposit
the treasurer held securities for that pur-
pose 20 the amount Of s2i3,85l. 420; on octo-
her 81 1901, be held $500, S3S, 03o; on octo'
Der 81, 1902. SS3S, $50 6T0, Of which approSt'
matoiy % per cent were in = per cent con
soils Of 1880
The volume OF circulating notes issued
from December. 1868, to October 81, 1902
was $3.50, 705,5T5. OF which S2.25o,3aI 400
there was received FOR redemption at the
redemption agency ot the department. notes
amounting approximately 60 SltoOv9ltHsn
of which S57 10000 were IN good condition
and returned 10 the banks OF ISSUE and the
balance redeemed aud DESTROYED. OF the
total amount sent TO the dopartneut Tor
cent came from the cities Of New YORK
Boston, Chicago. PhlladclnhiR and ~
Louis aud nearly 90 per cent lSS2WN"VVul
from the city az New York alone me Sosl
cr asserting this volume VI notes, iuclnulns
transportation charges, Wus ~ li4 Genus
per $1,000. The aggregate cost ot reuemp
tiuus for the year was Sl1S,i 'a. IN Au
dition to this EXPENSE the banks p9lu
tiou, $4,000 for Plates from when notes
were printed, ana S3Vt GhG eNhnlNtIN
Tees ana i,SS9 ,o, ~ ~, ,,,, ,tI f 81 ass
1880 7,F8so2'' '''
~ Tue v.vs , VI an.C.l5ati,,.3 en- onsration
/ eleven paHNlL~ "aS"'t c",,itT ~ IL Gal O,O
/ WIN IN 1kElgA',vl'U w. III lin tbr trene,
/ urcr 10 the amount Of S3inOOe, which hau
I not issued circulating notes incluutR ~
/ W. uT 49,, ,raIol ibrmrsIycs of tho priyi-
/ loge OF issuing notes
| p-, p-.t,- - Acct Currency.
bf@nCN pa''N9 "''N
The bin reported AZ the last seHsio" o.
| ,,r.ross nv the house committee on bank
/ -, ,,'r-,,,,,. rcIotirt, T., branch banks
/ ing ana 'uIleh'S' '''o' '"e W. ~ -
/ and asset currency mas n'" WY ,'' ''''
| considera ton Mt state bankers associations
! -, r .,4 ,lso nv tho
| uclu "uIlub '"~ ''"' 49,,
| American bankers ASSOCIATION az l's h'''
| ing held in New Orleans during the second
Z 49,. ,.,,.,,,,l,.,. Al rnuDy Of the
/ N''h 'l 'o9' -''' a.,
] state conventions RESOLUTIONS IVA VPp''''''
f., branch banks were adopted. Tho SUB.
i.rt ns wcrl as asset currency, was care.
AN rsIdnrc1 nd the American Bankers
! '''' -" t,t ,., rofrrrs3 to n special
,n,,r,ittor for rcnort nj spme future time.
,tb, n,ost serloua oh{rHIuu which has
n' ml'11' ringt l,,. X .IsooI hnnk cur.
n',u 49, 3sb ~ n;4.,lef.,. thnt il does
4,"' ,,,t,n,ntiroiiv rcsponl 4, the demands
| Ig t,9j,,,.. mt IL dsupudIpl upun the price
on "nH'uv'', ,II' nrI Iinrptions The
n,H' .g&sH,,rr,,it,t In vain, Giir bank uotcs
haye Noon from Tho first Issue practically
haNt .'vn M M raSncrt IA note holder
psll',t !" os1 n doiinr o,rrpt by loss on
I3"H ,,,,., ian ~ tbn noies which have M
u' 52.,. 'I ''"" ,.,r.ninto5 M hrir face VaIu,
W"NS, '.oWn Tho I-rIinJ Stgtrs. bclnl
!u n" W9'.,+ 5l.cri,ntu'tinn rlr paymcut.
Ns'", N1,,}" M g,,,nc m. tho louI trudcl
"i ",l h.',',. - IN ,ti.1. farms ~ pappl
anu we. '"' ,,, ,n,,,I" Go,' crown so uset
.uiLtntE D"' lth tnIs Wrtu,g and essential
j 10 p3'N 49, 'rUnit[ a., t.,ur mat tho,
, IuaIt'! ." wtii,,,,c,,rn Sn,-,i,,ice nrniust an,
un'E "H ~. 80 tbts o1,Inv mi, he lay
,luii,Hu i, ifo, r,ore linn generation
OF Iupa" MA ~, banE noics INIT those so
we 1"Nt Ha" NV ,i,r tbcr yuil ynlur %
,nIDl ny uiva ,,jth ,br troasurer nf tlu
InGtS usyp',.,'' ,rEor bsvc besu ea sccnro
!, ui,eu ,'l,,,,,,rIsirg thcro is "a strong feel
III " n.' ~ r. 1r o,iv hind Of notes whicl
wy ~ .r 'ut, sc1,,ro
iIr p.I' ',,H ,', dont,i. of Tho fact. AM
a Iuers Gun I,g mn n ,nads tu.t fha l0r
. le91eg ,ytiolt, ,s a ecrious defect I'm our BAN
notes. W1 nciy E I,nder noTnal bnsnSss cond
, tons. Int when there is danger Of huar
q ciai dimcuiy If TINS defect Gl l,.i ps AZ
edlea or , Gs'I MITES If sbonld bg done an
done nj once.
!; An bank note circulation Is asset en-
& reucy, and depenas tor us yalue 9p'h ,r va
assets OF ~ n' banl5s are allowed 10 kec