The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-03-06

THE President of-{he no4k hocsaI
the Vice P0ssds.k3s essabd Th9
late e.shier xss .Gssn: u ss,s.l
cas!ier is fpsbiacaa. - e s rel
And Of the i've Dreceors, fear are Kepabi't
II We elAsIsfy the oakcsu Sf that bank b
their party pfoclivitiss. Twill Be found q
have been, almoA exdssisslx, keps6i.c.a
.,.4ss ..,b;s..a .5.ss Z n. se =.
so-called National Bank, oss OF the brood q
the many Radical contrivances hatched onf
by Radicals against the earnest pfotestasi0n4
Of Democrats, foe The aeecial object Of enaf
bl;ne a few rich tsisSie9sd boad-holders y
rob and plumber the great mass Of hoos1ne
men and women. Censfitafs0n.
The ehost Of the late First National Banf
viii not down, but rises continually bsfors{At
mind % OF c4sstloS(rfsse 30 - iftif4
| siou Va Ilrtas, 8 5hslA j. lsslslial.ld
ers. II these imaginary pictures OF the
monster. with which the Coaaiastios adorns
its editorial columns hare any tendency to -
suage the grief or heal the bleeding vornds
of it's habi.usl readers, xno havs been the
victims Of misplaced confidence, ue would
not deprive them Of 20 harmless . balm q
consolation. But i, strikes us that the intef-
gesss sad tsnlinsl e II DersoAas intssA8in
the Bank, have, from the 6rst, been secon-
-aary to the chance its failure offered to our
contemporary, for making or losing political
capital For. in the. announcement Of IL
fsildte III The IRIS place, oos eotemporass
very unnecessarily, and rs he was subsequent
ly constrained to say, without any inteniioh
of intimating that any blame attached to tht
Cashier, who died some as<ashs before, states
that the embarrassments which led TO the
suspension OF the Bank occurred during The
time that r. b. Foote was Cashier.
And- b IN, present. .Etieis ~stase. assen
II the failure of this particular Bank, sssribu-
ted to the preponderanee Of Republicans il
the management, but The Whole system d
National Bsnsiug, declared unsound because
OF its Repnbsieas erisin. silI
Now, so far as 3 system of banking can b
regulated By law, none ever gave creates
safety tothe public, in tte easttual security
OF the billholders. thsa The Nsaonal Banking
Law And we venture the assertion now, thai
whatever The losses Of deposi,ors or stock
holders, the bill holders viit not lose anyf
thing. The bill holders are the general pub
lie, into whose hands this National Bank pa.
per comes as currency, and who take it on
their faith in the general aontdaess of til,
system. .
Depositcrs are simply persons who havs
more money than they choose to keep aboul
them, and so leave it with somebody for safi
keeping, and of such it is expected that thel
will hare their eyes tdpened snd their Wit
about them, And if they put their money il
bank it is taken for granted that they do il
from their personal coaadesss in The man.
agement of the bank in which they deposit.
Stockholders have money 10 invest, Snd
with others enter insos kind Of partnership to
secure banking facilniss 10 aesoriancs viii
law. They do 30 on their own motion. and
with the hope Of profit, and they have a voice,
in proportion to their investment, in the
choice OF the Directors II 1hsss ssoekhold !
ers fail. from any cause, to realize their ex-
pectations, it may 81 very unfortunate for
them and embarrassing TO the public, but
they are simply in Tho epaAiAion OF ctb er'
persons who invest money and realize loses
from theirosn neglect q Encouragement or
that OF their agents.
Hence, it is eleas sha. the, gesessl pubsic,
represented by the bin holder, is better Sc
cured under The National Banking system
than by any other, and 10 indesd almost abso-