a year interest up to eighty per cent. of the
yearly expenses of the district. The taxes were payable on the first day
of November, and if not paid on that day a delinquent tax of ten per
cent. The banknotes issued by the district were called in and canceled
by this means, keeping the money of the people in circulation.
Every branch bank in a district was required to send daily accounts of
all money received and paid out to the central branch bank of the
district, which in turn sent a daily account of all bank transactions in
the district to the Bank of Eurasia at the capital. No district
treasurers were required, nor treasurers in any department of the
Government, but vouchers to be paid by the Government had to be signed
and scaled by the proper authorities. The bank also conducted a National
Lottery, with tickets for sale at every branch bank for one dollar per
ticket; drawings monthly, and the highest prize drawn was five thousand
dollars, and the lowest five dollars. Five per cent. of the gross
proceeds going to the Government for the maintenance and education of
orphan children. The amount received each month and the names of the
prize winners was published in the National Gazette (a weekly paper),
and a copy sent to every prize winner.
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