Provide also for tributary banks in each County, to be known as a United States Bank of the County in which the same is situated, with general banking power; it being optional, however, with each state to pass laws to avail itself of the banking privilege or not, as its legislative body may see fit; this option also to extend to each County. Make a provision that the Central bank at Washington shall receive deposits from County Banks and issue Government bonds for the amount of the deposit; the County Bank then to be empowered to issue notes, similar to the present National Bank Notes, to be used as a circulating currency among the people, to the extent of its Government bonds, depositing the bonds with the Central bank as a security. Give the County Bank general banking power, to receive deposits, draw exchange and loan money on real estate, chattel and personal security, under proper regulations. In Counties where the privilege of engaging in the banking business shall have been availed of, branch banks of the County Bank may be organized in such localities of the County as the County Bank may determine is necessary or expedient, with the same banking powers as the County Bank. Give to the County Banks and their branches, in addition to the general banking powers, power to execute Trusts, act as Executor, Administrator, Guardian and Conservator. Give to the County Bank, in addition to its regular issue of bank notes, power to issue, at any time the exigencies of the times may require, other bank notes, to an amount not exceeding a certain per cent of the assessed valuation of all real and personal property of the County, for the year such assessment was last made for taxation, upon payment to the General Government of such per centum on said circulating notes as will insure their prompt recall whenever the emergency which called for their issue shall have passed. Let the funds deposited with the Central Bank at Washington, by the various Counties, and for which Government Bonds shall issue, be loaned out by such Central Bank, at a reasonable rate of interest, sufficiently high to produce a profit, to enterprises of an inter-state character, such as railroads and other large borrowers; and let the same be invested in stocks and bonds of known stability in large amounts; thus furnishing a fund to be used in large enterprises, and relieving the promoters of such undertakings from being under the control of a few individual money lenders, and at the same time furnishing a source of profitable investment of the people’s money. The various state banks may be simply branches or departments of the Central Bank at Washington.