Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1857-10-30

hi earrV the business OF the State Inc
oi Nat our banks are not to furnish money 10 small
ecers In other States to send 20 -four and The
ns,nd other things which we daily consume, Is mar
i',iv any one the practice Of banks investing
m5neyin building western railroads or speeagiing IN
No. be expended in the purchase Of Vermont elecses
fuucr the friends OF this bill would cnll that lcgu-
a' RANKING Dat II a Boston broker would wish 10
y, run our banks the money to be used IN shaving
,i i'm the Territory Of Minnesota that would be called
Wsqidmaie You cannot ~ any report Discriminate be-
, iortmatc and illogiunato loans without knowing /
o and Tor what purpose this money has been invest
"a Ifseh of he monty intciied in western spcclihuops
Noon through Danf made TO the citizens OF the State
I III course hese loans would not come within the re-
.,, Oh thr Bank Cpmpissoncr.
W. Glred said lint the real character Of these different
,,ssionor iie did not believe that these ionis were
mode or le oi home business The reason why the
ika would mon discount rotos TO our citizens was not
,5rouqh any impartial motive but through mere nehili-
~ 70 DO ~ and their inability arose from the ilegin-
" NJ loans made our Of tho State. .nt
m BWuer thought that The arst thing to he looked A.
Ger as tho security pf tho bii-holders lie thought that
To b would give any additional security TO The pub,
nes 10 regard 20 the security Of these bank ohs he
,rato a AN and careful examination into the c,ndi-
I'm ID DE bank, as 90 DO soycncy, and he Is 70 decide
gbether tho bank j. snund and reliable.
III could not see what would be gained in regard 70 The
..'..ff, D., Che massage 81 thc bin
ua.ks Viii always hnd their best business ~ homo
Ur create fcrculau9n thor best scnnuci At home
All only when they ha'e surplus do the banks seek
verm5n onrreney 4 aoos, national huff You loeazc
method WIN 1tNnlc cilpile our Nlut uNhh
',., torn.
Air picrpoiu aid that ho did not understand That
M t ohcat OF thc bill 20 ginutise those banks making
t oui ~ the State, butts oire 20 brinu 20 LIGHT those
s srudng money COR lhoiI gain and 70 the in
ereuiuncc Oi the cfnnH Of thr State If nch has been
r Bank COMMISSIONS, ht has mot performed
ir das nfhis ohge, and SINE measures uusht 20 De a.
isir cufnrco Che Performance of bis duties LET the
known 90 what larieupr natcs these loans h3tr lacn
nlle. naks would not iga 90 nave y hhnNn VA tleH
Il lIius have been made n Nnss'ehH. .t. ,r N'~ 10y
Tay would ieM ~ hase ~ SHOWN ulfl olii' my =,
ma Ia in Mclugan-Nd tNe eh',t "'ln p' peiunval 70
NHl PARTIES, BON % tlo la Ns anu 20 iie pnuiu' an.
W. thiu,udrn sain lNat we senator No"i hnpl-Vh
f morning nr1uci a4nni nc m,! pe' Anse uA' ,lia'
foreign loans would ~ leaiuhalef Nhl' "il.i' N"ug .t
Legitimate, and that 40 pfulf a'ofiulnali'h won't" ue
-ic tu me report 30" httf h. Ae,llsnl w PUP.
rlrfs thp Hl H' proposes 20 ffncni Wi1' Ue nueith
States t1 which me 'An' ,fc lnh- tN ",Ni' p, ANA
mount t0 pr0nnhntlhR lel 'tNii W plh lh ono 'tu''
ani umnr per go ,N. SiiinAi. ~ f.'tn,fl '''i'
ir. tahenn 'ald tiNi ti' NNi ',iN n.fV i"Iu,t ae
honest institution or an hnneNt MAJ Nha "oHlq pc ho e
t.is uf such information BIO W3l int say hui nc ilt
That such banks mat step on 0in ih,if oNn hone 20
tc ilfu loans, would ulNnN 3 NefNANy ruuf. iie
lficFcl ult me Information Ni1a W nin't " we uanNs
O. aaelr as security 30 enc OF inut,hA'
fr' Nhiitnitn moved NJ anon .i mAelht 'hh "n''
nation discretionary VITA tit liinh Npnlial. .l"n,i
'ti 'ht aug. i'N var yeas Aii N' "'''"7 i'i''N7
4 yea f,r',' o.. ,,t
Du me ihf9 raao'l oi we IVY .s aiu nay- N,'e
at .llI'N - 'af titf'l9' @ p.'''' A'i',.' -