A NATIONAL BANK.
{"character_count": 2486, "word_count": 436, "ccnet_language_score": [0.9106000065803528], "ccnet_perplexity": [1715.5999755859375], "fasttext_language": ["en"]}
We observe in tho journals literally Patronzed o inc
Commercial interest notices calling meeting oil e D'u
of Trade and another Of the Chamber OF Commerce o
row evening to take into consideration the exPedienc OF me-


oi,lizing Congress in favor of the establishment OF Ma
tiona Bank.


This Is an important STEP and which have nodouot
the Country ready heartily respond TO properly taken
Tba; National Bank neededha it will be greatly bene-
fetal and efficient restoring public prosperity we 90 mol
doubt That may be framed as 10 AVOID the errors ana
defects of former institutions we have equal confidence
and to this end all shouldbe directed 10 make
Bank may or may be easy but to make one which sa
secure TO the Government and People the advantages OF
Sound and Uniform Currency equazed Exchanges and sta
pe Prosperity while the time avoid and guard
against the abuses corrupons and evils which have cre
into Banking through defects in the system and kaver IN the
management is formidable undertaking. We believe tcan
be accomplished If the great work is undertaken with SIN
Gle eve 10 the public gaod But the Bank to be created must
be of moderate capital and strictly guarded powers. we
throw out the following suggestions for the basis oil an I'M
proved and ve-guared National Bank We would have


capital Of barely twenty millions OF dollars tor primer
nnl bank and branches inclusive rigid restriction OF It's
business TO the purchase and sale OF Bills OF Exchange nav
ing not more than sixty days and OF Notes OF other
Banks TO send home for redemption The mother bank only
10 issue Notes rcdccmnbc always at its counter IN specie un
der heavy penalties and legal tender IN payments 10 the
Government the Rank and all s branches NO noeS dtS
ontcd Aaterer and no bills of exchange discounted bear
;g the name of an officer of the Treasury, Member OF
Congress- or uncss to limited ex,en Director Of the Bank
All profits beyond per cent per annum to be equally
sbored between the stockholders and the Government
half TO be paid to the the settlement of each
voars accounts rs consideration for the privileges granted
the other TO be retained behalf OF the stockholders
reserve agans, any contingency all OF ten per cent
on the whole capital be divided them every ten
wears None citizens OF this country permitted to hold
stock The Bank be the depository of the ubc Money
and TO perform all the services the Government which any
former Bank has done which hereafter be desirable