Rensselaer Republican, Volume 27, Number 46, Rensselaer, Jasper County, 23 July 1896 — Will Not Submit to Dictation. [ARTICLE]

Will Not Submit to Dictation.

The subject of renewing the privileges ot’ tlie Bank of Franutrwill shortly come up for discussion in the .chain-, her. after having been in abeyance since 1892, when tiie senate approved" a bill for the purpose. The bill has not since been modified ■-irid t.be provisions Trretndwt lirtt. Will, it is thought, be adopted without material alteration. One of them, whicli was to empower the bank to increase its note issue from 3.Si)O,tX)O.fNX) frifncsT to 4.090,000.000. was passed as far back as 1893. The charter expires on Dee. 31, 1897, and the proposal Is to extend it for a period of twenty .years from that date, in consideration of the bank making certain concessions to the state. Among these concessions Is one by whicli'the bank is to forego all future interest oh the g.ivernment debt. 140,000,000 francs, and jjot to demand repayment of the capital so long as the charter is in force. The bank is to undertake tiie service of the national debt ami transact other business fpr tire treasury, botli at tlie head office ahd branches, free of charge, and make an annual payment to the latter for 2.000,iIOO francs during the first year of the currency of the new charter and 2.500.-<IOO-francs per annum subsequently. It is to open several new branches and make advances- to tjgricultiiral cooperative societies. It Is not improbable that an effort will be made to convert tiie bank into a state institution, but such a project ’docs not command support either in financial or ministerial circles, and is not in the least degree likely to meet with success.—Edinburgh Scotsman.