The first private state bank was opened in 1817; an act of 1831 provided for a safety fund guaranteeing bank circulations and derived from a 41% tax on capital stock and a 1 o% tax on profits; but this law was modified in 1842, the tax being removed from banks giving specie guarantees; and a free banking act was passed in 1851.
His books also have had large circulations; among them are The Almond Tree in Blossom (1870); Every Day Religion (1875); The Brooklyn Tabernacle (1884); From Manger to Throne (1895); and The Pathway of Life (1895).
It is perhaps best adapted for the printing of newspapers or magazines having circulations that do not require rotary machines intended for long runs.
The publishing office of the Dunkers, or German Brethren, is at Elgin; and several popular weeklies with large circulations are published here.
The result is dulness of sight, a stagnation of the vital circulations, and a general deliquium and sloughing off of all the intellectual faculties.
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