Boone County Recorder . Scale. bank companyobtaining their profit from their banknotes in circulation and their deposits. The government supervision over thebank has been such as to give entireconfidence, so much so that the bank isallowed to issue $75,000,000 in excess ofitfrgold 4#posits. This bank should bemaintained, and will be, as the peoplesguardian of the public debt of England,which is 83,400,000,000. In contrast with the beneficent serv-ice rendered the people, through theBank of England, was the disastrouscortsequences to the people through thefailure of the Bank of Glasgow, whichwe
Boone County Recorder . Scale. bank companyobtaining their profit from their banknotes in circulation and their deposits. The government supervision over thebank has been such as to give entireconfidence, so much so that the bank isallowed to issue $75,000,000 in excess ofitfrgold 4#posits. This bank should bemaintained, and will be, as the peoplesguardian of the public debt of England,which is 83,400,000,000. In contrast with the beneficent serv-ice rendered the people, through theBank of England, was the disastrouscortsequences to the people through thefailure of the Bank of Glasgow, whichwent down in 1878 owing the people888,000,000; bank officials, free fromgovernment control, having squan-dered its funds and misrepresented itscondition for years before its failure. The unreliable condition of banks inthe United States is well illustrated inthe fluctuating values of paper moneyfrom 1840 to 1860—banks without Gov-eminent control. The war came on;the Government found it necessary toborrow, and then was inaugura
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Keywords: ., bookcentury1800, bookdecade1890, bookidboonecountyrecordervol171
