Conditions of gain or loss under present law compared with gain or loss under Walker bill, and also incrcased dividends that could be made on their capital under the Walker bill, charging the same rate of interest on loans as now; and also the deductions they could make in the rate of interest they charge the people now and pay the same dividends they now pay.

Conditions of gain or loss under present law compared with gain or loss under Walker bill, etc.-Continued.

UNITED STATES TREASURY DEPARTMENT, OFFICE OF GOVERNMENT ACTUARY, Washington, D. C., February 27, 1896. DEAR SIR: In compliance with the request contained in your letter of the 24th instant to the Comptroller of the Currency, I herewith inclose the desired information.

As per your request, the computations are made on the same basis as were those made by you in 1892.

These results show a smaller profit to the banks than is truly the case, as various charges have been much reduced since then.

Yours, respectfully,

Hon. J. H. WALKER,

Jos. S. McCoy, Government Actuary.

Chairman Committee on Banking and Currency,
United States House of Representatives.

Sinking fund reinvested quarterly to liquidate premium.. 1,534. 75

2,633. 23

[Sold November 1, 1894, at 117.007; money at 6 per cent interest.]

Profit on maximum circulation obtainable, 0.61 per cent.

Profit on maximum circulation obtainable, 0.11 per cent.

United States 5 per cent bonds of 1904.

$900.00

137.48

3.00

7.50

7.50

43.00

1,264. 16

[Sold November 1, 1894, at 117.007; money at 10 per cent interest.]

$2, 362.64

9,477.36 9, 366. 16

111.20

[Sold November 1, 1894, at a price to realize 24 per cent to investor; money at 4 per cent.]

Profit on maximum circulation obtainable, 0.65 per cent.

United States 5 per cent bonds of 1904.

[Sold November 1, 1894, at a price to realize 24 per cent to investor; money at 6 per cent.]

Gain on maximum circulation obtainable, 0.11 per cent.

United States 5 per cent bonds of 1904.

[Sold November 1, 1894, at a price to realize 24 per cent to investor; money at 8 per cent.]

Sinking fund reinvested quarterly to liquidate premium.. 1.524. 12

Loss on maximum circulation obtainable, 0.43 per cent.

United States 5 per cent bonds of 1904.

2, 622. 60

9, 217.40

9, 647. 10

429.70

[Sold November 1, 1894, at a price to realize 24 per cent to investor; money at 10 per cent.]