The pilot. [volume] (Baltimore [Md.]) 1840-1840, 1840-04-30
BANKS

The prejudice in the public mind against banks
and banking is such, that while party is constant
and INSCRIPTIONS in their denunciation the other,
aware of the prejudice, says not word in their de-
fence Is surprising that, under such circumstan-
ces prejudice daily increasing and has become
of the potent engines of political influence? 1t
| is beregretted that no has come forward, to
Place shis subject in its proper light before the co
try, and especially TO show the practical effects of
banks and banking on its business labor, industry
and general prosperity.
That banks and banking liable to great abuses,
and that their usefulness depends upon the honesty
and ability with which they administered is adj
mtted-and the same is true of every good. This is
one of the fixed laws by which blessings dispens
ed to man. They blessings not they used.
The air we breathe-the water which allays our
thirst the FIRE which breath, and the food
which nourishes our bodies, are, each and ALL indis
pensabe to our existence; without them could
not live vet either of these blessings, necessary
to US NAV be so used as to do US injury Is that an
argument against their use: Is that reason why
we should resolve that we would longer use the
the air, the water, fire food, What would be
thought of a parent who because his beloved child
was drowned refused thereafter to drink water?
Yet, his case would be precisely the that of
the laboring man, who unites in political on
the Banks because one of them has been dishonest
unfortunate
We propose to discuss this subject, to reason with
the Iaboring man, and to demonstrate that the De-
structures those who would enlist all his pas
sions and Ireudices against the banks, the au-
thor and abettors of tine greatest abuses that have
been perpetrated, under the system; and that the
war which they have Eaged against the banks and
banking is political scheme retain their places;
regardless OF the effect which their measures may
have On your interests the general prosperity of
the country.
As the Destructiycs have leveled their severest
maIedctions agsinst tie bank of the United States
and a of prejudice against that institution,
has accumulated in the public mind, we give them
every advantage when take that bank to Illus
trate how unjust is the war, and how false the
means by which it has been carried And to do
this, we viii take up the prominent charges made
against that Bank, and answer them by statement
of facts:
In the first place, the prominent charge, and that
mast fruitful of prejudice is that the Bank is British
port made to the Legislature of Pennsylvania by the
Auditor General of Pennsylvania, that the persons
owing stock in this bank, are in number, 4,S3;
OF whom there residing in the u S. 313;
In Great Britain and ireland, 11S
This is a conclusive answer to this calumny
It proves that the administration of the bank, is
under the control of foreign stockholders 1t proves
that so far from its being British bank, it is al
American Bank. Upon this point, we will have NOR
to say hereafter; come to another SANDER.
1t is charged that the Bank is owned by the nobil
ity of England
The same document gives, above, Who'll
Il number Of stockholders, 1888
The nobility holding stock are Earls
! Marquses.
! Counts and Countesses,
|; Lords, 8
h Knights Barons and Baronets, %
!, making altogether AZ
Yes! this is the official report Of this Bank!