Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1912-08-08

Tie general stock Of money Il the
GATED states = ss.s5j.e9o. 900.
The deposits OF tie banks n the
United States 1zzreE1ts Sls.0oc.oo0.-
COO.
TIE exchange o. commodities n tie
Uci-ed States reaches soze such II
eooeeiya5.e sEu as s100.0c9. COS. 900
every year.
Ths ~e1lth Of Ire Caited States -
pS1cee Ter st2<tz-tc1l purposes ~ Sl25.-
eSa.oea.ooS
4 glance II tie figures shoxs the
disparity bstEesz the amount o.,
rrocey snt the amount OF bank eePoS-
lis.
Tes disparity between TIE azO1-t %
uoneT ard TIE sEorzt Of tie *
changes CT commodities Is mere start
ling
TIE wealth q TIE ec--sry IS Placed
+ ts--s ., dollars for cozTerIerce
T=e <ez,ta exists- TIE dollars n
re form q currency Go &c.
How does tie business Eo-i5 eject
re excAzEEe C commodities % SUI
Vzloe as 2191ss -Eioas o. cous-z
ves- tt.-e Is o7lY 3.sis millions O:
eoEzrs = TIE eczzt-rt
CtTiczs.v there = s1ze oths- -
dun CT ezch-zzs TIA Ekzs = called
Ec=sy- T.s-s - Il 3 kzc-u IS
c1Pcs-s c1TsrcT. !, = -.prssSats-i
b. checks AID drafts o. ha-k Ge1o.-
Is / Il the zos- uses! clzrre1ry TO-
country hE.- By means Of Il. er-
cE21rss % TIE zzcz=t q a. Ie4gs I5s.-
90 -fllo- dollars are e-scts6 ezc,
ye.-
Is -sdi-z 9. ez-Hz--e u uss
consists o. tse follo~taE eiszezSs.
DeTos.i e--sney-
Cod
S@Fe-
J=zse1 S..-se rossS
Nztior2i tz=k -o.ss
First REQUESTS CO s-<5---
So Pt-1 C banking zat er--s-v
rvfc-z has . Co Etth al these s.s-
rsntz !, zEs- take izto accom-, tie
serTsos ezeS readers. ez5 20 vkzt er
's-t A tcsscAs- meet the demands q
business t-- currency and xhe.As-
tAsi- adjustment Is s-ch that they
meet TIE ce-.n6s Fsrsec,ly q, III
ttoss. CT t17e-feetly sozs O. ,he
the
Tie &c r-rrcse q cE-TscSy Of al
kinds Is % furnish Convenient meth
o. ~ TIE exchange C eoo6s II 4
tine IL TIE ecz-e-rizi progress OF the
~oria -ss, business has reached is
biggest point q development IL Is fair
20 e-Fect ard demand the best and
most convenient Es4ns Of esec-s-x ex.
changes Does tie currency system
OF TIE United States meet tbs e,osc.z.
tion and demand. L does not.
First. the dercsi. currency.
First Aid to Buasrexs Ee-ex
This currency Is a form Of oauk
credit Il Is transferred through The
/ medium Of checks and drafts 4, rf,.
les where banking facilities are a-pss
more than ss Per cent Of ire e..
changes are effected b. It's use. i,
country districts. the percentage nav
be IS low IS 50 in some eassz N,
general. more than 90 per cent az bust.
ness IN this country Is 6o-a IN th.s
currency
Deposit currency Is so called ba
cause Il is created b. bank deposits
While : hank deposit is Commonly
enough created By the placing Of a
sun o actual ncaey n the bank. All
funds supplied BY Eo7-5orrcxtux &C.
Posltors contribute 10 the sur.uIy q,
means for lending. deposit re also
ere@-ec BIZ loans The bo--exs- -.
eeivss. in exchange for his pronts. 70
pay, rot money bug the right 10 t-sx
cheeks and so transfer the e-e5t- Oh.
tsinec y the loan Between cs,os...
ard discounts. there r. an fntirs,s -.
latioa They are iatsrdepsnden, a.
esSziy rise or faH together.
= Cheek to Business
The rigid reserve system eursafI. a.
stops tie lending poEer Ct ba,kx
Therefore. tie deposit cu---rcv IL M,
always responsive 70 the demands a.
business Il IS Tot perfectly dext..S
10 uaet tie requirements Of 49,
UeT-e
Banks. u-es- the 4v. nus, kss,