Such State Banks may receive deposits from the various County Banks of any state as a medium of exchange, and the same may be loaned under the direction of the Central Bank, the same as the proceeds of sale of Government Bonds, but they shall be required to keep constantly on hand a certain per cent thereof, to be fixed by law, to pay exchange. The profit of the Central Bank shall be paid into the Treasury of the United States to defray the expenses of the Government so far as the same will apply. The profit of the State Banks, if there be any, shall be paid into the Treasury of the States respectively; and used to pay the current expenses of the State, as far as the same will apply. The profit of the various County Banks shall, after paying a certain per cent thereof, to be fixed by law, into the Treasury of the State in which such County is situate, be paid to the Treasurer of such County, to defray the expenses of the said County. And any sum so paid by any County into the State Treasury, to be deducted from the taxes levied in said County for State purposes. State Banks shall be only branches of the Central Bank and shall be a part of the same. County Banks shall be subject to examination and supervision by the Government of the United States. These observations may be crude, but certainly they are worthy of consideration. Is the general idea not worthy of attention? Perhaps much that has been suggested should be eliminated entirely; much probably should be changed; much more perhaps should be added. Time and trial of the system would bring to mind many good ideas. Consider it and see if a little thought given to the matter won’t make it look feasible and open up a much wider field for thought than merely the idea of a people’s bank. What are the possibilities of some such system? Not only what are the possibilities, but if you please, what are the probabilities as to the results that would follow such a system? It will settle the Trust Question because, it will take the control of money from the men who are interested in the Trusts, and thus enable competition to the Trusts to borrow money with which to go into business in opposition to them. It would hardly be possible, under present conditions, for a person or syndicate to sell bonds to supply the money with which to go into business in competition with the Standard Oil Company. The men who are in control of the money market would not dare to incur the ill will of such a powerful influence as that which is behind the Standard, by buying bonds of a rival concern. The men who are interested in such gigantic Trusts are the ones who control the money of the Country. So it is with competing lines of railroads. The men who now are in control of the through lines of railroad have too much influence over the money market to permit competing lines to be built.