Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1849-12-14
B A n K N G

/ non, Dy the people, CT the system OF banking.
There was time when banking was not practi-
ced nor was it necessary. 1t was, when the telc
absolutely owned the many, and could appropr-
ate their blood, bone and muscle, as suited them
best, which of course rendered an indirect mode
of plumber entirely suparfuous. But the age of
force has passed away and given place to the age
of cunning-the age of iron has been succeeded
by that Of bracs and the privileged few who once
rode the mass with whip and spur are now con-
tent to accomplish the same results in more de
vious way. Stimulating industry, aiding bust
ness and commerce, are the pleas Pat in to jusii-
fy bank issues, and we are not prepared to say
but it does, after its own fashion, accomplish It's
protested purposes. 1t stimulates the industry
OF every poor man in the country up 10 the very
highest point of activity to get enough to keep
body and soul together after satisfying the de-
mand upon his energies which this system makes
as its share of the profits it aids business BY g.
wing few favored individuals the control Of the
whole business Of the country, and helps com
meree in the same way. We have no donbt it
does inIuso activity into the business Of the conn
try, but It's just such activity as rum nfuses in
TO the individual system; and we doubt not too,
we move much faster in all our relations, under
its influence BUTT is just the sucker. who
having taken on his load is compelled to ran
to keep from falling. 1t is an unhealthy s;imu-
lus, and keeps the financial body forever in a dis
easod condition, and its daily symptoms are,
bursting up Of transformations in trade
wealth today and poverty to-norrow--eXcessive
wealth on one hand and excessive poverty on the
olher-distrust, uncertainty, and dishonesty, in
all branches of business. We are not certain,
however. but that bank paper, like a great many
other infictions is 4 necessary evil. Mankind
seem 10 have been created about year too late
and have never vet been able to catch up They
live on tie fatar,, The products Of next year BE-
ing used to supply the wants Of this, ard This
bank paper operation is simply a reduction Of this
vivid anticipation Of time 10 conc, 10 the prac.i-
Cal Y. alitios Of . mortgage It's Ike ftiJh, the
5 distance Of things hoped for and evidence Ct
things unseen, ard like, too, a vast deal OF the
fp.h OF this world, il is destined forever to retain
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