{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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Whnin the past three years, there has been great
regularity of movement In the discount circulation and
dsposite departments but considerable fluctuations in
the amount of specie hand 1t having fallen OF fifty
per cent within the past year.


There exists determination on the part Of tho rens
raj government to opt financial system Of III own,
'or the psrposs ofwithdawing itself from all ton
with banks to create a power that will check the
operations Of these institutions, and produce a more
valuable currency IL possible or at least 10 preserve
the present vaue of the circulating medium II highly
necessary and full time that something should be done
to check the disposition to expand exhibited BY the
banks in nearly every section Of the country. We have
looked In vain to the Legislatures Of the various States
for the passage of laws restricting the operations Of the
banks, and instead Of creating from time to time such
laws circumstances require the regulation ofthsss
institurons they permitted to continue whatever
course they may feel inclined, until rome rsvusion
takes place. prostratng every thing before it, Then
and not till then, the system becomes revolutonixed and
fer time we have banking system at all whsrsas
had proper been adopted by Legislature
Of each State at proper time, there would have been
very different result.


The course in contemplation the part Of the gov
srnmen in relation to its financial Affairs will do away
with the necessity for State legislation in regard 10
State banks The Independent Treasury system win
regulate the banks in every section of the country much
more thoroughly than any local law the banks may
permit the Legislatures TO pass The influence Of State
banks in State legislatures 10 too powerful 70 Unit
the psssags Of any laws unfavorabs TO them In any
shape and IL therefore necessary that the general
government take up this matter. The Independent
Treasury bin will 20 far any can wish-it will
be very searching s operation that 70 bank ihe
country avoid IT,


The annexed returns exhibit the condition Of the Plan
tsrs Bank, Of 0eorgia for three periods The whole
movement Of this institution presented in this eompa
rative statement.


PLANrERs' BArx, q GRoRciA.


.fpI. leli. .7pl 1855 .apl 1919