Article Text
National action of Bank the House Charters. in for setting the The to morrow, the 9th inst., bill, to renew of the apart consideration of the Crapo national banksof number of the Democratic which charters was decided votes- the by is charges a conclusive large heretofore proof against in of the falsity the Democratic members favor of made gress that they were extinction of the of Co summary and total No such at any the banking system. entertained national ever been is true, idea has Democrats have, it important time. The hurried action in this refused to matter, opposed heretofore give precedence and important have to the business, bill in manifest. question but the over other their opposition was the friends cause of evidently the desire of should be of the without It was banks that this bill any amendrushed whatever, through so that the without corporations any and restraint, ments might continue all the to powers possessed enjoy, in privileges the past. which they have objected to. They This the these Democrats powers welfare, as too great, and they and regarded menacing desired the the bill public to correcting be carefully certain discussed flagrant with the evils view connected of with the national banking first system. of these evils is to the contract power The vested in the banks and so pretheir now circulation at pleasure, the country whena panic any motive to ever they danger of this cipitate may desire upon from power was adfully ministration, of do so exemplified The when during the banks the the Hayes threatened country Mr. into to throw chaos the by business suddenly notes, withdrawing unless legtheir outstanding veto to certain Hayes interposed his ess, of which they did islation by Congre This deliberate coercion of not approve. the Executive of the government and Legislative realize, by departments caused the people to before, the banks had never done possessed by as they of the power it was that this these the danger corporations curtailed and which has inpower might be members of the the Democratic action on the duced to oppose speedy it was underCrapo House bill. As soon Mr. as Randall, of stood, however, that permitted to offer the Pennsylvania, would be to prevent the two wo amendments-on contracting banks from suddenly the other to reguat will, and of checks, of currency over-certification much comlate the there has been was plaint which in practice New York, all opposition have stated, withdrawn. truth is that, as we organized ophas never the there The on the been part any of national Democrats banks position continuance of the as were clearly to the restrictions but even under such for the public good, would necessary had been, such opposition Under existing if there useless at present. banks can recharter be the national their present of either expiration statutes, themselves expire or before on the positive legis. charters charters, without several any have already lation, those a privilege of. On Saturday, availed themselves charter of the First Na. ex29th ult., Bank the of Portsmouth, went into liquida- N.H., tional and the bank morning followpired, Monday the same resumed its tion. ing it On the affecting business at relations the its place, customers, without and half perhaps of that without community. of knowledge of National Bank Similarly the First into liquidation, the lapse only of to Chicago went again after ultimo the resume a few days. business National On Bank the 24th of Cincinnati, till May Second not expire charter whose It reorganized charter does and renewed next morning. its any 25, time for business therefore, that in probable, profitable busiis not bank doing a on the national care to cease operations And no shock expiration ness will of its charter. interests of the comthe financial be apprehended- pass is bill fails the June, even munity to in case therefore fact the that Crapo to the charters twenty-fo to of six in teen -from July banks and expire three hundred in and ninety-six but before According next March. to the Baltimore working Sun, of the hitch to the smooth conceivable. It is held one present statute persons, is in opposition Knox, that to not the by some of Comptroller & unanimous merely opinion a two-thirds stockholders but of a national vote of the to its reorganization. held, will bank is necessary against it, it disposition is of One vote their cast making the any intervention of prevent assets without that this point their Granting probable that the Crapo a well trustee. taken, will it be is often not cast. The without one vote probably pass with the bill any unnecessary will proposed delay, and thrown system around wise restrictions national banking satisthe banks, safer and factory than ever. will in future the be more