Show comptroller UP OF als echals mike makes a report la in wa am many lW washington dec S alo currean eckels baa has considerable to eay say in bla his annual report about financial and and be he malcke remedial suggestion of interest Int erect var nta 40 0 o the national back bank set looking to civic giving relie relief ate proposed eed by the comptroller anong them the following that la in places batiar a population of lees than 2600 inhabitants national binke shall be permitted permit teJ under regula 1 tiona to be to mado bf by the comptroller of the currency avd approved by the secretary of the treasury to be organized with a capital stock o not icse less than and with a corresponding re in the amount ol 01 bondi bonds required to be deposited with the trea treasurer of the united states that national banka banks be permitted under noder such regulations and restrictions restrict iona as shall be made by the comptroller of the currency currency and approved by the secretary of 0 the treasury to establish sh branch banks in towns and villages where no Pai national lonal babas are and 2 where the ho population does doa not exceed 1000 inhabitants such ouch branch banks to have the richt to receive deposit deposits make loans and discounts dicco ants and bay buy and sell exchange but in no care to be permitted to issue circulating notes other than of the parent bank in support of his recommendation for the establishment of branch banks the comptroller saya the construction coast ruction placed upon the national bank act as now in force by the supreme court preclude precludes i thees the establishing tab liall lishing ing and maintaining of branch aks under it and he continues their permitting of branch banks would be the forming of aze Delps through which a better trade distribution of currency could and would be made and further on in his report be he remarks that the time must come when the banks binks hhall fee bb such agencies of distribution trib ution of capital as will make credit everywhere equally available to the extent to which those seeking it are justly entitled so too must a point be finally reached when banka banks shall she it bane all the credit currency of the country and stand wholly responsible instead 0 of the government for its redemption demp tion in gold coin whenever and in whatever quantities presented further farther on in hie his report the comptroller saye A policy in finance wrong in principle never incomes right in practice the truth of the statement is im fully illustrated by the course of the legal tender treas ury issues A of the united states they have been always a disturbing element in business and their current redempa tion a continuing weakness weak nesa neda and anxiety to the treasury s he lie that legislation by congress based upon eafe safe and prudent lines having in view the gradual payment anti cancellation of the credit currency now maintained by the government and the issuance hereafter of all such currency through the banks with lail placed upon tiem be had at the very earliest earli eit practicable moment the result which would follow each such enact ments would he beneficial and neither goeld monopoly be cre creat atrid fid nor favor shown thereby |