The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-01
HOUSTON DAILY POST MONDAY MORNING DEoEMBER j. 1902


authority. to issue additional uncovered
notes mote fSe 2stSd G0g Ssn ,he g whole mrs
TO have established reliable averages, which
can he as safely counted upon as the aver
ages upon which inc vast Insurance busl,
variation would he amply provided for by
the factor Of safety u nine. which the hg.
ures given above show In the taxes paid
during this whole period.
The present capital Of all the National
banks would permit the Issue OF about
Sl9OOQo,CO0 " uncovered notes Tor the hEot
issue Of - per cent and the ultimate issue
~ S25O.OOO.OOO II the amount was In
creased 60 80 per cent These maximum
figures would probably be Increased los the
increase In the numbcr ct National banks
nv referring TO the table shown ON page
Il will be seen that the tendency Is for the
Increase Of banks other than National noih
IN the number aud capital OF banks ana IN
the proportion Of deposits held. An IN
crease IN the potelssuing privileges of the
banks would doubtless check this gain ot
the outside banks n 1t did not tura the
growtb the other way,
The greatest demand for Increased cur.
rcncv comes. " course. when " Is REQUIRED
FOR moyine crops In the farming states
/ II this can he supplied Quickly ana AUTO.
mRucally as required by the banks in those
states. ana II, after performing It's duty, II
is returned to the banks and retired. u will
mark n great advance In tho Improvement
of our facilities Tor handling the vast aud
rapidly growing business of this country,
In the hitter half W each wear the prob
lem is presented to he banks to furnish
currency needed tc huudlc from 2bON,WN,-
600 20 300ON0.'.0 Of bushels OF gram
/ S.OtO,OOO to 100000 bales az cotton,
! and corresponding quantity OF 9snsr
products for the year 1902 VIII not DC
/ far from $1,000 000Ooo. This calls Tor
/ the use OF a vast sum 81 money. Much
/ " It IS done on bank dcnosit credits:
/ by means OF checks, aud the Increased
/ number Of banks and better moans Or
! communication enable the people IN
/ country communities 10 handle more ana
| moro in this way or we should not he
/ able to transact such an amount Of bust
| moss az all.
/ died with currency Of some sort MS TO
/ make a demand for currency In large
amounts. and every year there rs a great
] deal OF anxiety, and often serious dis
/ turhauce I'm business. until the crop sea
son Is over and tho money returns 20
those who have had to furnish IT, TINS
man who pcsds the mons than the man
who furnishes H. Whom interest rutcs
advance Il Is tho man who PAYS the high.
err rate who suffers the MOST. not inc man
/ who has the money TO lend
{ Tho pcoplc IN the country who do this
/ enormous huslncss and produce the great
| wealth are
Entitled to Better Service.
than thew got are IN fact entitled 10 The
very best faclltts which can bo devised
and supplied 10 them 10 can not be
any undue initiation Of credit 10 supply
these people who hsYo lust raised such
quantities Cf tho most readily salahie
staples tho money they require I'm thai
form Of bank credits represented ly cir
culutmg notes. As the tables show. these
people own land worth Sl3.6jho0OoOo. farm
implements worth S1Gl0OO.OOo live stocl
worth S3,oIs,Oo.ooo. aud raise over 81
0UWO,Oup worth NJ products. In inc
1 farming states there are hunks WIN hN'l
: SGOOWO.OOJ OF capital ana 500 oW
, of surplus. They have on haud I'm rhsl
S37u.OOO,Ou0 aud due from other banks
] TO perform this work and abundant base
for the credits Nc the law permitted IT.
We place NO limits ON tn" loans lhe'
| make. hnt that supplied hN reserve re
uuiremeuts ON the deposltH why shout
they not supply limited amount o
notes secured by tw0thirds their Nnlu
iu bonds aud nude absolutely safe tn th
note holder hy the guarantee fund rnlse
s by the tax ON circulatiunt Such chhnE
b. IN the currency would moi only suppy tn
s needs for crop moving but also tho en-
( | rpuCy needed for other lusiucsg.
, Each bank could supply what IT foun
p was necessary for It's own customers IN
, demand which generally l&gins IN the lHt
& summer months would gradually uc mt
\ at II came. In every Community the SUI
(, ply would he I'm tho hands uf men VII
r ur2 familiar with local needs md rona
r 'Hn1' ",,u VIZ - ,i "ith ~.
e. who're mo MnrS nCgMtru W,'utW, 1,,,,
& euor Z" CONDITIONS tl7cWh.Ir OF u,p'uut,i'
s on me money uutNrt ia 'ne 'ee'''' '"'
r hnd hhnnrlni tentsIa, ,,,,,... NOT o,t
p rms "ould ne OF sIChi p'ngnG 10y on or
A 70 inc people IN l"tlhiuE NiSiIl''t ~
II those hundllng fRrm products. pul 10 ~
a N4Nt hWlDrr on nu9uVs5 u''n v.Inb'u
y mining nn1uiAclHiihg 1h'lsht !t
4 gommeFcRl Ihes; luhteau OF luc WHO
n business uuhilt VINuHlnE ing gIl.""g,It re-,
!, ihs op-lp'Fl.G nm lVn Xxx no '' r'
srt TO- GpsGat lhelr cglGHnonS Ann i"t
:. hnuks would be I'm position to furnish m
!, currency needed for the oTops wien ~
,MEEI,G brs Tns ou,nr uncs '''''' VI
a I'm lines of panic the power 10 Issue a
Is duionul notes would he go element
y E,r"l , lo c, UIIN' tbo boWls