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will be observed that there has been an increase In
discounts OF $llb77660 in circulation $l2 900 49, in
deposits SO 462 and adecrease specie of So 5a4 6s
In one year. The discount line Of the banks Of this
at present nearly large during the greatest
pansion from $780, to the suspension Of specie payments
in May 1897 On the lst of January 1887 the loans and
discounts amounted to $795la lss the circulation tc
S24sS ooo and the deposits to $sosaa,l79, and from
yesrto year. while speculation ragged extensively the
increase IN discounts exceeded twelve millions
dollars The banks Of this State present
extended ia their operations but their movements
full large enough to all the purposes of trade
the principal object now is to keep them in their present
poson 50 lar as the banking interest Of this country
IL concerned there Is before fair field and every
thing depends upon the adoption of some plan to check
any attempt at expansions the part of the State inst
tutions Commercial affairs about taking a new
sart-the change in the administration of the general
government must place business operations new
basis and generally give impetus to all kinds of leg
mate business transactions. Ths will act as an in
ducement for the banks to extend their issues
ana may lead to an over expansion, and eventually
to another revusicn The crops of the south AMI west
coming TO the seaboard will call for increased facilities
iromithe banks OF those sections and imitation may
Dc produced far greater than as to aid spe
cuation in the various staples Of the country The pro-
ductons Of the south and have reached an extent
difficult to CONTROL and to get up the most moderate
monopoly vast resources would be required is not
probable. however, that any attempt will be made at pre-
control the great steples through
any aid Of our local banks may be disposed to


We want and require check upon these institutions
What they may not be disposed this yeer they may
next and at present there nothing keep them in sub


ecton Regular and frequent reports Of their condition
should be made public officially, through some officer OF


the State government The banks Of Ohio Louisiana aud
South Carolina publish reports of their condition month


y the banks Of New York, quarterly of Virginia and
some OF the Western States semi annually and the rest
annually. or whenever 1t may suit their convenience


Instead Of the banks being permitted 90 this loose
my serous MANNER the legislatures of each State should
enact special law compelling the banks to make week


y returns to the Comptroller to be published officially


This would keep these institutions in sound and safe
condition. the frequent publicity would prevent any
likely to derange trade endsnger the inter
est OF the stockholders This system has recently been
adopted with the banks OF Great Britain and 20 far as it's
influence has been felt, works admirably II depends
upon the legislatures Of the different States to bring
system into existence in this country which IL
will forever put stop to the tremendous expansions 80
frequent in previous years. might not be good policy
TO bring about such rigid stem a Of The banks
ofthese States, which at present make annual returns
could make quarterly those which make quarterly might
make tneW montny ana tnose Wnlcn now make month.


could make weekly, and in this way very short time
would suffice to eventually bring their reports ell down
to the same time.


We can conceive nothing better calculated to com.
petey check the operations Of the hundreds OF State
banks distributed the country than weekly state
ments Of their conditions made public and the govern.
ment Of every institution interested in the general pros
pey Of the country cannot object to the adoption Of
this plan Unless something OF this kind Is established


unless check put upon the operations of the state
banks shall ia few years be in the midst of
similar to those experimentation 1897 to 1892 We find
the banks of this State and Of Massachusets have with
In the past twelve months, increased their discounts
nearly twenty fve per cent. The movements Of the
baLks In these States have very great influence on
those Of the neishboring States and II soon spreads
through the country. We want TO stop this expansion
where II Isl we want to nip in the bud, and we know
Of no other way than to compel them to make weekly
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