Penn Monthly Magazine, Volum 14

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University Press Company, 1882
 

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Pàgina 80 - Followed by a List of the Principal Diverging Derivations, and preceded by Chronological and Historical Tables. By GUSTAVE MASSON, Assistant-Master and Librarian, Harrow School Fourth Edition.
Pàgina 23 - What an obstruction could not this bank- of the United States, with all its branch banks, be in time of war ? It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile...
Pàgina 22 - I am decidedly in favor of making all the banks Republican, by sharing deposits among them in proportion to the dispositions they show ; if the law now forbids it, we should not permit another session of Congress to pass without amending it. It is material to the safety of Republicanism to detach the mercantile interest from its enemies and incorporate them into the body of its friends.
Pàgina 38 - Rejoice not thou, whole Palestina, because the rod of him that smote thee is broken : for out of the serpent's root shall come forth a cockatrice, and his fruit shall be a fiery flying serpent.
Pàgina 29 - The deposits of the Government will render banking profitable to the favorite bank that receives them. The aid of the Government will make this bank superior in funds and credit to any of the others which do not share this solid patronage. This will produce jealousies and collisions of interests between banks in the same State, and thus form cabals against the State and general Governments. It will not stop here, but will extend from State to State. If the States and State banks are to regulate trade...
Pàgina 28 - States, as the bills of this bank do? Carolina and Kentucky bills are unknown, and would not pass in New York and Boston ; and New York bills would not pass in Kentucky or Carolina. New England bills do not pass in New York but at a considerable discount. But, under the present system, if Government have five millions deposited in Boston, and it is required to be paid at New Orleans, a draft is given by the branch in Boston, upon that in New Orleans, and the money is paid at the latter place as soon...
Pàgina 28 - States own stock in these banks, and, as such stockholders, are responsible for the payment of these bills; Pennsylvania, Virginia and Vermont are large stockholders in their State banks ; New York and North Carolina have also an interest in some of their banks. The States cannot be restrained, nor is it to be wished that they should be prohibited altogether from incorporating banks.
Pàgina 38 - For, behold, I will send serpents, cockatrices, among you, which will not be charmed, and they shall bite you, saith the Lord.
Pàgina 28 - The destruction of this bank will increase, not diminish, the quantity of circulating bank paper; and I consider the embarrassment which must immediately follow the closing of the concerns of this institution as the least of the evils the community will experience from a refusal to renew the charter. Congress may, indeed, prevent the operation of this bank after the 4th of March, but Congress can neither prevent a spirit of trade, nor subdue the passion for speculation. For, while we are debating...
Pàgina 27 - You discard a faithful, honest, responsible agent, whose integrity and fidelity you have known for twenty years, and you place your estate in the hands and at the disposal of twenty or thirty entire strangers, of whose character and responsibility you know nothing nor have the means of acquiring any knowledge, and over whose conduct you have no control. Should an individual act thus with his property, he would be deemed to have lost all regard for it, if not considered a madman.

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