Show S WHERE THE BANKERS FAILED end nd after all the banks could have havo increased q eased the volume of circulating if the they had chosen to do so to Tt t is the most remarkable feature S of t recent money y Hurry flurry Un Under er the la s t if the bankers of the nation J had bad out all nil the tho which the put money they theyS S are entitled l to put out the tile volume of cash in circulation would have been S more more than three t Jee hun hundred red millions 1 bigger than iti now The rhe from a Saturday Saturday Satur Satur- d day day Evening n P Po article i Will Willa e by a If I f t. t f S i t. t f V. V S S. S the Payne Pana o one c. boat best informed of or writes writers is mighty In lu S The total legal limit is 5 J the total up paid-up capital df the t-the national 5 1 h banks which at Lt atthe the time Is a little over The Tue total S. S i actual bank circulation wJ whIch 1 b Is curS currency cur cur- S rency outstanding as reported d to the 1 comptroller or of the currency on November Novem her ber 1 l was Of this S however 17 had been deposited by the banks in legal tender for fol re redemption redemption redemption re- re purposes es and anel to retire bonds Therefore Th the total circulation onNo vember ember 1 I was r really itally ally S. S Since th the tho first of or Xo November and anel onS OTI on 01 S account of ot the panic in October In new notes has hag been issued Is Is- sued Rued and anil with tho the applications n now w on on I tile file this amount will be he h to which would mal make the to total total to- to t tal circulation When len you subtract this from the tho le legal lc- lc gal al limit of oC circulation you find that the national banks hanks are shy Ia Just jUt In other words if If tho the national banks had issued all the lulls bills that the national hank bank act acl permitted tl them to bring out th there re would au be he just 1312 more money In circulation When Morgan t threw rew thirty millions S into into the street when tho the government go increased tho the volume of currency by bj byS twenty five millions the nation realized S u z ed cd that an immense sum of money S. S had responded ed to the demand of the frenzied finan financiers lers And yel et t what wa was a given Ji is trifling i- i J in comparison with what the banks 4 i S themselves es might have ad added ed if they had bad Issued up to lo their limit if they had added adderl three hundred red and twelve S 1 millions of money to the circulating 55 medium of the country It would seem that they thoy had th the means for their salvation in their ow own hands S. S |