The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-20

BANK RAscALITY.-It seems to be settled cha
racteristic in banking as conducted in this country
that an explosion must take pace-sometimes from
one quarter and sometimes from another-so as
to make the public remember the general Immo-
ralty and rascality which may be said to be at
the foundation of all our banking and schemes of
finance. solitary explosion, like that of the
Plainheld, does not of late to satisfy the de-
signs of the respectable conductors of these insti-
tutions.
During the last few days, we have had two addi-
tional illustrations of bank rascality-one in Alba
ny and the other in Brooklyn-one in Sodom and
the other in Gomorrah The Canal Bank, which
has Just exploded IN Albany, presents a series Of
the most impudent vlllanies, in the conduct of its
managers, that has recently taken place in this la
ttude and longitude. And if we examine the
affairs OF the other concern, we shall be equally
startled at the disclosures of nfamy and swindling
that meet our gaze. The Savings Bank of BROOKLYN
lost the sum of thirty-five thousand dollars by the
roguery Of one of its clerks and when it is consi-
dered that this sum the property of the work.
ing people-of chambermaids and washerwoman,
who least able to afford so scandalous spolis-
ton of their hard-earned savings-the robbery.
though not great as that of the Canal Bank at
Albany, is invested with feature of cruelty which
has enkindled in the minds of the community a
stronger feeling of Indignation
When are we to have an end of these bank ex-
plosions! When are we TO have the monetary af-
fairs OF thls country plac ed upon such foundation
that of this kind Will be rendered less
frequent, if not wholly impossible! The scoundrel
who has earned for himself such undying Infamy
In Brooklyn, has run away; and we are informed
H., e, a. 4 r. Il
Churches'-who would consider it a SIN and
crime to peruse Sunday paper-have displayed
zeal worthy OF a better cause, In aliordlng an
asylum to the delinquent, In order to screen him
from punishment, and defeat the ends of Justice
With regard to the Infamous knaves connected
with the Canal Bank the city of Albany owes 1t
to its own responsibility, and to the reputation of
Itsinhabitants, TO have them drummed out An ex-
ample of this kind is necessary, that a healthy
tone may be difiused among the community, and
these shameless swndlers meet with the pub
lie execraton which they merit. poor devil
who, melted by the pangs ofhunger, steals piece
of beef to stay the cravings of his Appetite is quick
ly visited with condign punishment, and sent to
the pententary TO expiate his offence against the
laws of society. But bank directors have deep
sympathy for bank directors, and have too keen an
appreciation of what they consider their own
rights, to be influenced much by any regard for the
duties they owe the public This is not at all sur
pnsing, for as they are mostly all stepped in the
same villany-
"a fellow feeling makes them wondrous kind
We on the up-toe of expectation TO hear the
crash of the next explosion. Whittier shall we
turn our eyes for another illustration of the I'm
mortal rottenness of these institutional We have
no doubt but two-thirds of the banks, throughout
the country, are In the same sckly and unsound
condition, and particularly, the safety fund banks
of New York-that system invented, patronised,
and Landed by Mr.. Van Buren,, who has just evinced
such a sympathy for the condition of the poor ne
gro of California, that if he cannot be President
the United States himself, he will try to drive
General Cass away.