Windham County Democrat. [volume] (Brattleboro, Vt.) 1836-1853, 1839-02-28
aNmubant County 5armoerat.
Brnttleboro--rhursday, February %, 1889. z

SUtttuDdW 0uuWIU 1DEIIlU(Cdl.
Brnrleboro--Thursday, February %, 1899. Z
"Do yod. see yonder cloud that's almost in sha pc
of a camel %
"By the mass and It's like a camel indeed"
"Methinks It's like weasel"
alt is black like weasel"
"Or like while"
avery like whale"
Like the appropriated old courtier, Polonus the
editor of the Phox mas discovered the tchale in our
remarks on bank z2A=snd with just about as much
proprety as ting lowered the .lchale in the
distant cloud Asl Wat is better, perhaps, he has
found 'mare's EsSt" ever which he is grnning aud
chatterng like mcnAeysat hot potatoe And
what think you, reader caused all this chatterng
and grinnng in the sapient editor? Why nothing
nothing in the world, only thaNwe have said I'VE were
in favor of well regulated barNsp And this he says
is an abandonment of the principles which we have
heretofore expressed about barss' Not so fast, Mr.
Phoenix. Have we said we wee in favor of the pre-
sent banking system-or in favr of banks which, by
their enormous expansions ane contractions create
such 'ups and downs in the currency, causing spec
ulations and failures too NUMEROUS to mention ?"-
We doubt whethe there ever vas on earth country
is the United Sta-es We d., not say but that some
banks deal fairly and honorably; and towards such
banks disposed to think favorably. 1t is the
present system of banking ard the evils growing out
of it Of which we complain If banks are "well reg
ulated," then we 20 for them and not without But
how many do we find that are well regulated? Pre-
cous few indeed. Is it good regulation for banks
to expand their discounts when people want money
the least, and contact them when money is wanted
the most? Is it-Sssf-1 'reqnlatiqn to accommodate
one man and not sxer, when each presents
paper for discountfquary unexceptionable and each
wants money for like honorable purposes. This,
we are credbly Informed, has been done, and that
the fact is susceptible of proof
In every petition to the Legislature for bank
charter the moUersare much concerned for the peo-
pie; they love the people nightly The dear peo-
pie want bank ACCOMMODATIONS and must have them
and bank chartgI is granted. But how well are
the dear people accommodated? Why, forsooth,
when they want mney the least, they have it
when they want it the most they cannot have it =
But if peradventur4 the banks condescend to squeeze
out little they deem the recipient under great OBJ
legations for the fayor! We have always supposed
the accommodation to be mutual that the lender
was as much tarorM as the borrower. The latter is
under obligation for the loan, and the former for the
interest received thus rendering the obligation equal
Again, are banks swell regulated" when they en-
force payment of their acceptances and refuse to pay
their own liabilities2 We think not the Phoenix ed
tor to the contrarc4 Notwithstanding But why don'
answer, there arc few poops to Be Fund among
the farmers and mechanics of our country who wish
to embroil themselves in law suit for perhaps five
or ten dollars with a sOulleSs corporaton 1t would
be very much like the Paddy's chestnut i'll the burr
worth less than the husking!
The Phoenix man wonders most marveously show
readers will swallow our absurdites' as he calls
them In this he talks like experienced in such
matters. He seems to think, because it is hard case
for his readers to swallow all the MoNsTRosITIEs he
endeavors to down their throats that our read
ers must be in the same unpleasant predcament. In
truth, short-sighted neighbor must have put on
his leather-spectaces, he never could have found
the "lnareS neSt over which he is chatternr with so
much sefcomp He is at liberty to set upon
it until he matches out another brood of ideas as
pithy those which pecked of the shell and APP
peared in his paper last week
a n