Show THE NATIONAL BANKS tho the live smiths tire firo minda I 1 to bo be bankers nod have bavo only between them but tire ethic to borrow 90 suppose aith ith the they milf mil lloa thou control they buy bonda put ut thorn them up lip ad security for bank notes tend ret get on this thid security would no not tile of pay tile tho too loan in full anil and would not tile tho St smiths attlia have in ID bonds for which they would havo bare pud I 1 la a fact but it is ia true they would not barn possession of tho the bonds but tho the government would pay the cul crost ou on thern ca 04 duo due nod and the abo safe keep log ing of the boada u would no nob t cost elie emillis a cent that id what Is called the united states in the littler part of the NinEtte nineteenth nth century of the abo Cb christian riStiAn en the issue of bank notes i is governed gov orned by the abo liali kers lattice and by national also he Is not nob interested in tho thin boera law of supply and remand maud at nil all during tiring the war of the rebellion lor for in taco I 1 the government of the united was V very 0 anxious tomell to ucal ltd its bonds in ID order to get 9 a t t tho ry he means to subdue its ita it altered to the bankers SIX BIX and toven per cent inte interest rost la in gold on bonds inch bich the government or to bell at their fare faco value in currency not worth moro morn at times than two thirds or even ono one half tia il face value and ad ali additional bonus tho ilia banker was wan offered ninety thousand dollars la in currency corro noy for every one ann hundred thousand douai dollars in ia bonds bondi bo be put up as security and the security seven percent per cout t to abo banker lut tho banker dij not like the cerms lerms drood an aa they teemed to lo bo be to KO ho let trado trade take carti of its it own franti auto aud and he bo bought a fow few or no bonds to bo be need daod in banking until after it m an pretty conclusively shown that ilia government would corno come out of the war all right by tho the limo lima bad marched to the sea rca some koino sixty millions in u ton tonda do had bad blomn sold hold to serve an a basis for banking up to ill me time lime ot at the total collar colla peo to ol of tho the conica confederacy by lees aco surrender the bankers hall purchased tem ahn one hundred million of bonds bonda or ran an amount equal two on ute lot dollar of ff tile co cost be of the it yar a when tian pinco was wa reat erod lb the secretary tary of tho the nry came to the deliberate duli borato condia soon lion lint there mals move morts currency in circulation than naj w AN required by the 66 faints of am aj wax noa pretty by tho the fact that ilia t both tho the bank not hotca vand aud tho the govern men t 0 own notes were greatly do Pre cleall 1 an and 11 the secretary actually old did withdraw forty millions mil liona of tho the groc currency from circulation hub but tho elio booken came to just the appellate conclusion and t thoy hey their noto circulation from about in 1865 to i in 1973 1873 then the bubblo bubble bunt burat and eve every ry national bank in tho the united states bad nothing in fa which to redeem ltd its notes bu but 1 somebody clues notel no better than 11 ian own I 1 Ube be result in ia recorded in tho the land stands which mark the bo graves of broken hearted business bui tine men aimaq ant sentry ry |