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Show THE FACTS ABOUT M BANK CURRENCY M Misleading statements havo Doorr H made recently that "Hanks aro Unit- H ed Slates mints" nnd havo coltuyl, H created, Issued and put In circulation H over twenty billion dollars in currua- cy. H There Is only one way for a bank H to issue notes or circulation paper H and that is to deposit with the Unit'- ed Statos treasury, government bonds H of certain early Issues to tho amount H it wishes in currency. In return tho H government loans tho banks 100 pec HH cent of the face value of tho bond, H le& 5 per cent retained na a deposit H to covor redemption of currency, U-c H cb, examiners fees and expense of. JH currency bureau. Thus in early dar H new money was put in circulation atr lf a tlmo when It was needed by th people as a medium of exchange. Oa October 31, 1918, thero waB outatand H lng only 1722,078,02: of tho origin-- al $1,955,820,177 Issued from 1875- to H Today banks care little about tht right of issuing their own currensy nnd tho now federal rcsorVo act pro vldes for ItB ultimate discontinuance.. H Nevor In, the history of tho couu- H try wcro the banks world 115 in such H closo coopeiatlon with their custom- H ers. Tho modem bank Is it piogroi- H site institution nnd many of thorn H huvo departments In which oxpottti. H make It their Imslnoss to study pro- H blcius of the farmer and Industries- H with whom thpy do business. It hai H been duo lnigely to tho work of tin H banks that bolter slock clubs and bet-. H tor fruit clubs, etc., havo hnsw or- gnnUcd in all parts of the country. I English banks now admit America J has finest banking system In thd I H |