Show I 1 I 1 bunal heis washington 10 itic understood that probably onen one n allf of lite lh outstanding threll three per belits refits are now tit in the tren I 1 r y vaults vaulta told held an ad security security tr fur for tile cadou bank circulation lite ilia lian had tile option ot of calling in UK tile benj d until till nil uio tire exhausted it II tile present rate of mil call should bo be kept kepi up tic the entire amount ot of less alinn 0 o will be rolled in six BIX month tile four per cents calil cabillot lot be tailed called before 1907 but tho the pIc Illium olt oil is 18 so BO bilat I 1 ile national blanks 11 in ka cannot cai 11 not afford a lord to buy buoy t tu to tit tunit it circulation aln illation it is considered a that congress shall tako take some action at its it endling enduing ensuing HC on oil tins tib subject if tile national mulling liui king is to be preserved tile tho comptroller of tho the currency will wili in in his alint ial report make some boine suggestions in fit this connection and ami the tha secretary of the tha treasury nj vill ill in in all probability al ai adart to it it liaa has been suggested that it 11 two per cent filter liner convertible bond be mailed issued as a basis tor for bank cir CUla tiou mud and it is s 4 aaice ablo souie some proposition of una this ll 11 kind ar will v I 1 b bo urged an ad there Is quito a lit in both housch opposed to tile continuance of tile tho national hanking blinking it is however to foresee what will vill bo be d dono oil I 1 it t if is catini cited that there IH 18 now ill in circulation close clono onto on to 2 20 bof of national bank I 1 ink notes the hie banks lino line long lone since bince had all the advantage 1 accruing to thorn thern by their circulation ill an I 1 tile the notes of each batik pik parsing saing current throughout tit country are arc scatter scattered ad tar far and v i lie ide there is no method provided fur their redemption outside of tile hie option of file holders andas the Irra Trva sury mry 33 cespon bible 0 I 1 0 or r tit C in tile the majority of lite circulation circulation cu culi lation tinn would anost likely not be presented for redemption for ojars or years ars even if all the bunka banks were to wind vind up and go out of business as such iiii li |