No amendments to the National Bank Act were passed during Mr. Clarke's administration. But he renewed the recommendation of his predecessor, Mr. McCulloch, for the separation of the Currency Bureau from the Treasury Department and its removal to New York City. He expressed the opinion that both the interests of the Government and the banks would be subserved by such a change. He claimed that the location of the bureau at the financial center of the country would not only be a great convenience to those who were engaged in the banking business, but would be more economical to the Government and to the banks in the saving of express charges for transportation of money, time, risk and loss of interest. Mr. Clarke did not urge as one of the reasons for a change of location, as did his predeor, that the bureau would be freer from political and financial influences by its removal from Washington, and it is not believed that either he or McCulloch, if living today, would enter-the same views as to the necessities for a change of location of the bureau or its separation from the Treasury Department as they expressed at the time they made this suggestion.

HILAND R. HULBURD Comptroller of the Currency, 1867 1872

HILAND R. HULBURD Comptroller of the Currency, 1867-1872.