Jenks' Portland gazette. Maine advertiser., 1802-12-13
Dortlano.
MoNDdr, DEcEMBER Il, 1907
THE BANKS.
lLozmEzicafsR,

do u ppi NhSu"ionS III the min is
OF iJme Gentlemen, who are concerna, 4
for the peace and harmony Of RE
ccmmunity, and the intereits ofthe ,,y +,
co. poratinus. Su-h men are defron.
- adopt lonc meafires to eaAbli!h tba,
degree OF anioable intercourGe betwseo
th:m which is ehentiAl to III. profperitv
and ufefulne!s OF both. There being
no quehon now as to the exinence Of
The two Banks, there ihould be no deiire
10 the ore to Djure or emharrals The
other Il is very clear thar the means
cf injuring and emharralling are pretty
equally poheiIei by BOTH but if either
has the advantage in this reipea il
ihould difjan 10 make uGe of If, bur
fnould yield that advantage as a iacti.
fee for the common good.
To monied men, fpeAkinp on the
fuhiret of monied intiitutions, perhaes
no argument will have weight that Is
not founded on pecuniary intere(l but
il ihould be rememhered that the view
of the Leg flAture ia paGing both aas
Of Incorporation, was not 10 enrich
itockholders, but to promote the public
good and every member Of either
Bank is under moral oblig alton 70 TO
conduit the in0itution 10 which be be.
longs as to produce the utnolt pofiible
advantage 10 the pubic, more ef9ecially
when thereby he does not injure his own
properly. OF what advantag. can
either Bank be TO the public, if iufead
of loaning money freely when they can
do il iecurely, 20 the indufrious ADD
enterpriliog citizen, ar th=Teby ex
tendug his bufneis and his ulefulnefs ;
they feel Obliged to cole their vaults
and guard the doors Of the Bank, lelt
if any bill efcaCe them, il ihculd imme-
diately get into The hands Of their enc.
mics AMI be mate weapon OF offence
sgainlt them.
Better far would it be for this town
and il, Vicinity, that 10 Bank ihould
s.il, than there lhouid DC TWO armed 10
battle array ag4ina each olhe-, aud
each watching is opportunity u take
advantage Of Tie leAa misfortune or
accident Of the oths.s and avail them.
ielves OF every cncuma ince 10 deprels
aod iujIre It.
The conl-quence Of this fort Of con
dua will &c, either that both Banks
mua ccaCe to tranlaa buincis. and the
Pref lent and Directors nav. the morli
flying iabour Of merely watching iua9ive
vaults or lie loans will he confined
only to TO, khoiders, which viii Be Gre
sting fort of monopoly, totally iucon
faent with the views Of government
IN granting their charter of incorpora
ton. The public in Tie mean tins for
whom thefe Banks were intituted, are
70 reap 40 benefit from The in'titution,
on the contrary is 10 be iniured-lhe
enterprize Of the citizens IS to be check
ed-the fpecie is TO remain buried in
damp and dreary vaults, without even
lending forth Ks rsprefen,ltive in papcr
10 prove thar though dead, il produces
life and activity TO commerce.
Perhaps little need be faid to con.
vince the Stockholders in Banks, that
any fya.m which tends to decreafe the
amount OF thei. loans, is d-ltruaive Of
their property. But Jet it is lrange
and unaccountlble that men who are
known to love money as uch at leaf
as they love any thing. h1ul! al ia
diref oppoftion to their intercas upon
queItions concerning property. An
nnion Of the Bank was once projected,
was practicable, but was unfortunately
prevented by thofe who BY this time are
ienGble of their uialke. An harmo-
nious inte.courfe between the two, fill
remains to be attempted. II is eaiIy
efeSted, il the Directors in each Bank
@ill think only Of thc intersR of the in
ititulioas they manage, and not fuasr
little, perforal conGderations to pre-
vent what will undoubtedly be for the
harmony and hapPlnef, OF the town,
and the intereG of their leveral nRitu
tions.
Its ProPofed BY fome gentlemen who
are lefs concerned for tleir private in
tsieas in the Banks, than for the peace
OF Ihe community, ADD the PROPERTY
OF the town, that an amicable inter
courie lhould lubia between Tie Banks
upon the following general principles
Tor faithful adherence to which, as far
as depends upon them, the Directors Of
both Banks hall individually pledge
their honors.
II. As large amount Of fpecie has