Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-11-25
MORAL EFFECTS OF BANKING.

4 London paper contains the following remarks,
on the Influence of Banking on the public NOR
ais our impressions are that there 10, IN the
main, ga great deal Of TRUTH in these few re-
marks
Influence of Bank;ng the Public Morals.
Banking also exercises powerful influence
upon the morals of society; it tends to produce
honesty and punctuality Ill pecuniary engage
mcnts. Bankers, for their own interest always
have a regard to the moral character of the par
ty with whom they deal; they enquire whether he
be honest or tricky, Industrious or idle, prudent
or speculative, thrifty or prodigal and will more
readily mako advances TO a man of moderate
property and good morals, than to a man of large
property but of inferior regulations Thus, the
establishment of a bank in any place immediate
ly advance the pecun!ary value Of good moral
character. There numerous instances of
persons having risen from obscurity to wealth
only by means of their moral character, and the
confidence which that character produced in the
mind of theic banker 1t is not merely bv wav
OF loan o discount that a banker serves such u
person; he also speaks well Of him to those per-
who may make inquiries respecting him and the
bankers good opinion will be the means of pro-
curing him higher degree of credit with the
parties with whom he trades. These effects
easily perccavable in country towns; and, even in
London. if a house be known to have engaged in
gambling or gaming Transactions, or IN any
otheir way to have acted discredtaby, the bills
Will Oc taken DS Tue UduhcIs less EcduIlS ttitu
those of an honorable house OF inferior property.
1t is thus that the bankers perform the func-
tons of the public conservators of the CONNER
cial virtues. From motives Of private interest.
they encourage the Industrious, the prudent, the
punctual, and the honest. while they discount
enance the spcndthrift and the gambler, the liar
and the knave. They hold out inducements to
uprightness. which are not disregarded even BY
the most Abandoned. There is many a man who
would be deferred from dishonesty by the frown of
a banker, though he might care but little for the
admonitions of bishop.
MICHIGAN ELECTTON--We si1re. in the Clere-
lad Herald notice. Of the election Michigan
TIE result beflreen the candidates for Governor not
kno,r1 close to ercite hopes cld fears
bota sides The res,l Eayne cotsasy ondi Detroit
/ taus g,ren, 1t the Detroit .39r
head quarters Of hsre been taken BY storm
Iae Juata hare been bearded their den. and most
nal rsctory has ccoraed efforts, lie enabled to
ln'sa the glorious Intelligence. that b1yne county ids
taro'r 81 the yoke and stands forth redeemed good
earnest. by the foloeng official result 1t rtE be that
the Uhss hare elected T. tie Sen..e TIE .afiaciaz
champion Of their principles. HIM, Woodbridge. end to
the House. Ler Cook. Theodore Uiiou.s Jacob VI Hou-
a. all pure. u,soiulte-ated Hais. C. c. Tror5riis.
has6raen RS Janto opponent By majority Of IS rotes
IN .3ugt. the tory majority 464 So much for loco
ocosn,s7 much the inpoesf ctten,es Of an uapr-
peopl>-so much ezee.re and si,iatire corrr,ton
80 much for the supremacy Of srs principles es- mis-
! r,sie.''
+ 1t is estimates; that 1000 Wings attended the