, 1876-03-13

kHsoG0 AU A+4L4isAo%'AH FoQhtoA Va nuObHk hoA
notes eold At q discount from their faco value,
md loss their ability 10 pAsn outreut In all quar-
ters Of tho civ'lszel world.
It will at onco 10 sean that, With tho fcoog-
nizeu duty incumbent upon them Of placing tho
funda In ther hands in tho custody Of private
banking institutions, tho governing autfloritca
Of the Dominion and OF tho eoveral lroylncoa-
although tho lattor In q less degroc-hold worry
thotr oncmios lesson. It ts to tho credit OF
those who have hold this powor that it has boon
uscd 80 litslo As 1t IL, Ekotch Of tho financial
condition OF this country would lack III c8sontial
foatnro wero no monton to 10 madc Of this Pc
culfarity Of its ilnnucIal ssntcm. During tho
rcign Of tho lhto Government of Sir John A.
Macdonald, With Br Francis uincks for hts
Finance Minister. that mammoth banking insti-
tutlop,
TIE BANK or MONTREAL
tho largest, bollovo, on this stdo Of tho Az
lantlc, WAS tho pot depository. ThistnstitutLon,
indeed, during tho long yca1s III which 1t had
played ita pnst IN Canadian financial Affairs Ind
noncaow or other, always managed 10 ally itsc!t
grown to DO regarded by Canadians pretty much
as tho Bank Of England Is regarded by the
lucky mon born within tho Aound or low balls.
It transacted all the financial business Of the
Government. II tito Government WAntcd to buy
sl0rltnH 1t sent across to tho Bank Of Montreal
If 1t wantod to aall tt sent to tho samo officials,
In hundred different Ways tho Uank Of Mon-
troal acted .aa tho financial sBont OF the Do
MlnlVu uofetunonb. ~ 1Au eoue ao ios Two
lnco OF Canada, and when tho new state
OF auasa M came g., INTO enocs eqn!lnnca t,a
sou @ nose ~, Were ,,i th ta
auoat H. oat y VAS POI ann! tae iasI 1hieo or
auY attention to tho ctamor raised by the Oppo-
Bltion party u tho bellest of tho bank managers,
who were nombors Of the party and supplying
1t with somo OF tho filthy lncre which, ia this
counssS 70 o!so"nole' - ~ necessa.y ~ NV "
a Kosnef 40 e@nap7'sn A"na ioe ''nols'ta''S paF-
PGsss. Ts ,5.
A.. !49a onnuso Was nsaoi - 10" mastoan t.N
the tihahGe .lln!atee openea tto9e1nmcnt onsi-
hoss " Puotc teonpetAaon. i. nn 1M Mansua ~ ouy
eteilnk, ~ tuios! aPn1u ~ .t sau uuetot. pouAa
Iu ~ ~. ~ a4nn III, ~
!i !ats -! n uon.un. suoJ 1ooh 'uo paoi''o" rioal'
tula Ac"on gre" P up
Witt. Tue rAEskNT sssIKM:
llincks' oit9h nos having immediate neoa OF TOO
money fenlzeu I,om IansaG,lonh caEflea on
tatonen otaef 1anks IMAM tno nank % o. M1ntioa!' on
Hoala ianso INC M9noy On aeposle. io-aay'
ecatco!v oank ~, IL 1no Dontnlon W. naa tao oov
e9nnsons GMaGs ~ num IT, h o. tiovsaea,' a.' apu
vas tilo Fauit8 OF the nhnE o, aohsfeal taas hela
that monster corruption dund that dro" out Of
the Caiaaa racine sMlhaio. tnd "hieh hntliy led
70 20 INC CRASH OF inc Macuonalu Aam,inlstsaAom;
have largo fu,!d on deposit With tho o. Da1k of
AontfoAs' nave taken cato ol tnolr "ir1ends.
ONE p1son4cEruL EPISODE
IN the nnnhls OF Cahsaian oanklhg WI pcnr eel'-
1ng IN this COMMISSION; among tho Conaorvatlyo
supporters OF elr donn a. Mhcoonala #he one
gibbs, wealthy mahufacturer OF Ushawa, II
tnta province. no WAS Director Of the Onsafio
banK, anu tnsnk nnpus eoa 1hty CONSERVATIVE
on - Dleeesofate' 1ne ontIHo Dank wos roc
oRnizoa aa IA INSTITUTION Win ust Tendencies.
ahd as such fscolScu litslo consolation OF tho
FINANCIAL solt from sue uo7o1nnsont* An elec-
tlon camo ~. Aua tno 1lta' "1ohe 9esusn 70
power hau 1ust ta9aa place. maaG 81 = rasu On tho
Heh1Retb OF tna ohseFio banK. !ne cGol prop
IT, anliaenco n 1avof Oh Tue ufit oandsdato ana
alscIoois lts own uLeetor, y aoonlu roeelfo d
nAhNaomo ooposls OF 0oVefnmens 1anda- Ino
oahh "an HGt III sesY prosperous CONFUSION.
y small, and ita stock was quoted
1at po'o. s1a' n ~ "3,ea m somo Of ~ no!snpoang
6a1Es $1,000. Tia directors decided to cast ont
tnell oouau. 1uoy ensgseo d lnto tn9 oleBsacoi y
conpacs, aha poot ulo9a, Who naa b"oRs hsd
county q tne previous elect1on WIN netterinB
majority, Tho @ was personally popular :, With big
1 .o1Mlspe9p.o' nnu Ppsau9eou u Mo,!.cu!suleu
!n.nu ai.o !l. uo nsan apat9s Aa !eR.antof, Waa
I'll . - .;Ia uson. @ nno oana si, wa.ta aa amos.
az ,e @ o9n9 T.. ~ tnU Goa1tY pas On w
.,4 ~ "r@ ros,,'t ~ ~ t-aaatnr r
to.uay sa9 tedu!ss VI 10 'teacnoty' 4ne Hoveln
inon. in autnosatEa ~ wos9 ~ s1oo ~ tneiF Wola'
nos aspie.su ano sauso ;.,.n, .no pn1 ~ Mou-
a. nua ~ & nnt.re ~ enq !uss
m, -,,sh - IL.
unofo was On aaasaas 11sa ,, ot acosols 70 .no
a,u na ;M,,an.i !, ao oo.
1oyesnuaens M ~. ana ana's'ooas' u aeeono u nono
e1Geps Gs, 10 gss1s l1sa!. al,..o.,.,u ...,,
;, ua rnrvin,ot ~, ~ 'na ~ H. aoHUsno
mi.n sno supu. anu o9a'ao y. t.o su.e'a.
s 1anan " upota'ns 1acte'i' u 'eaeeo IL "nas "
Auo"a" 10
u.,. ". -. anLseun1 ,"I. ~, ,n, noAnn,
~ Msm LUZ ~ 10 e'St snS H.Aec "!s'ot ~ aos
nonrs annstc y IT. ~ ds
o.tpess .is ss,i so'Gs.su " tuo nuselnea. anc ~
mes 2! snee noAsa WIN fesara 10 tne oanks 10
o1w VI Z, t. ta aont ., aGapvo 10 hss
aoh5 a. " .ae autous " fEseIve tnns
nank ehail u. 90 teaultoa 70 koep; 1his 10 leis
Sdsd = sG ofn1. 1nS pInk stas,d . 1hge nq pro,
w v.usu! "e us.o.e s.n!Gu, .uat eestna AAouns
~ ~ .uts asnosse 'aha us 1eps ~ 1o'n.ueon ho1eo'
t, tnu oapIS nso rsAua 70 y, m1As mon'.y r.
niaI ~ .ne.. 'h,; ~ .no I!o~s5 ooa.u.
hao'S ,atSi a.tof ~ thpsG ..
,SM .Sta uays ,ato. o Gs.u. e t., oaG ~ ni.uolu -
th ~ ~, ~ ~ ~ "
.1o o. ns, ., w. npa io nno"
a.a .as .1o 10 ] oann n"n - .aIus ~ no'1 "ueeut 70
r.. ~ W " r. gsoss ~ 10 .A1u ~ ntlla
sloA "outu W conseyou tuat IAie aosauAa6o husE
In ~ f>n hA TIM