| Show Profits for Banks tKevv r Yolk Flin1 The clamor for the retirement of the overnment notes at a cost ot TOO 000 000 and for their replacement with bank notes roceeds mainly ns lh Pun has often pointed out from bank officers find tockhnlders who I desire the profits which the Issue of banknotes bank-notes would y1eld > them and from borrowers bor-rowers from banks who fancy that It would be easier for them to get ac commodition If the banks had larger IIberl and more Inducement 10 nnll themselves ot II In the matter or proViding pro-Viding the nationwIth Paper monel Some ut tile chnrnllon8 if file bonks lave had tile hardihood In deny thin act and 10 assort that little or I1n roOt ncoruo 10 the hank from Iu it8FSS I tic < JSSS that they osume the unction solely for the benevolent purpose I the treasury against pose of protecting I tile ret Us to which the Issue of gov inment notes expose It lion J H Walker chairman of the Iloupe Commits on hnllllg anti currency cur-rency nn1 i an elllhunUe advocate ot the cause of the bank has however Ihe honesty to confess tile truth and so nOrm the Buns nssertlo Hp Is a 4 The trouble with the currency sjs tern resulting In a dcmind for legislation that large percentage of UK tion Is I n banl Profits are In the currency they Issue If currency were Issued by our hAnls no III Frnlll e Germany still every other firstclans nation eifep our own loon could be made In NeW nnglanV I at a rate or interest 3 Percent I Per-cent below tile present rate find In lethlrd l Nev Talk City at a rate < Ips I than the present rate and itlll the bnnk would py JIB good divIderai l Mr Wnlker is I wrnng In 0lng that curronry 14 I 1uIII byjrbanks without exception In l1ranc 0eitnany and our every oNva cther tile f1mtillsail rn nation that by except tile nallon mentioned the privilege in I reo Irlled 10 one or nt mol halt dozen hank In each 1 hleh oct ns Iha governments rclIl Agents anti In that rpecl ore government Instllu lion II in Urnliio jf tin prollt4 ot the uslness Is I nlio probably too lh would be that they llkel 11 is I not much as onethird of the present role as of Interest but they would be oonl ilerable and l ns he points out n brink I Ilh a capital ot 25000 could kI out 20000 111 notes which cI It nothing except Iho cost at paper u and yet ham Its 2000 and printing onpltlll nt bcsl < los Its deposits 10 lend In addition 110w greatly the propecl8 ot tile Profits I thus I I be gained would o1mnllln the creation rt neW IIIIIIhs and what a floOdof wild oat bank our teny It 1 wonl > 1 1 < loose upon the court tr1 Is needless 10 explain |
