The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1903-11-17

France has been the Attila Of Fin
ance. as she has been the Metropolis
of Religions, and the banks of Venice,
Genoa. Barcelona and Amsterdam.
representing as they did the bank of
compulsory deposit and loan and The
bank of voluntary loan, whose profits
were mainly dependent on maritime
war and spoil OF fray. the bank of vol
untary deposit and venturesome loan.
to some extent dependent on success
fal discovery and exploitation Of new
territories and colonies. and the bank
of voluntary deposit and loan with
bills Of exchange based on stand
ara Of coinage valuation. the whole
aiming TO secure. and dependent for
success and profit upon securing com
mercial acquisition aud trade suprem-
acy, vanished before he's arms
in the United States. in their vari-
Gus conditions as dependent colonies
Independent colonies, coalition Of
states with supreme powers self.rest
ed and therefore delegatable to a cen
trail government, and indissoluble un-
ion OF states with power absolutely
vested in a central government and
sub-delegated to individual states, has
been evoluted the various types of
banking systems, beginning with head
quarters of barter and exchange and
thence dependent on the various ma.
tions engaged in colonization for their
issues of united gold and silver certi-
ficates of money based on royal treas
uries. etc, fighting their way up
through certificates or promises to
pay (paper currency based on good
intentions and chances Of war; linn
itel coinage and currency based there
on: a more liberal coinage and paper
currency issued. based on a national
stock company, of which a few of the
people were shareholders. assisted by
state institutions, issuing paper cur
rency based on a like stock formation
with foreign coinage recognized as le-
gal tender at United States mint valua-
ton (this held good until 1850 and
finally a national currency based on
the honor and faith of every individual
in the nation. in which each citizen OF
the nation has equal moral RESPONSE
bility and technical right, the actual
basis of redemption being the taxable
wealth of the nation, of which a GER
tain fixed amount, In specie, must al
ways be found ready in the vaults OF
/ the main treasury of the nation. fol
the United States treasury issues, re
demption. It's subtreasuries-or in the
national banks of individual or corpor
ate enterprise, backed by the treasury
of the United States, under certain
conditions and limitations in centers
of business. ready to redeem this cur
reacy when needful The bonus Of IN,
United States given for money depos
lited with It tas called for at need) ant
paying interest to depositors, form
another circulating medium Vf wealth
Various kinds of written or printed in
Idividual or corporate promises to pa!
based on values represented in nation
al currency or specie, when made ne
,gotiable, are also used as currency II
restricted lines and all this specie AM
currency is the subject Of bank hand
Hing. receiving on deposit loaning. dis
counting exchanging and investing
receiving interest upon and paying in
teres upon. forming a multitude o
transactions. intricate. interdepenl
ent and exhaustive, ali of which ar
J grouped under the one head OF -
general banking business" and whic
: is reduced to a matter of method, rul
and order which TO the clerk is ms
chinery simple and to the bank pres
! ident and bank cashier only difficul
in the question of whether TO 90 O
= not to do the pressing of the butto
: which will set in motion any one par
] of its smoOth-running cOmpleXity,
z When the bank is established,
= dam to store the water necessary
4 run the mill wheel Of business is bui
2 and the raceway shaped Curiousl
!, enough however. some OF the spring
I from which flows the water to fill IN
reservoir formed by the dam, rise O
v the land belonging to the owner Z
l. the mill-the farmer The sprin
y courses kept clear. the reservoir
s rapidly hneI and by the proper can
T. OF the sluice gates aEd fash board
b The water supply is 30 regulated thI
e in wet season or dry, there is alwaI
f sufficient water to turn the mill III
Il farmer and miller may. OF cours