Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1895-03-16
nENroS.s rRopmEsY VERIFIED.

The term bank should be distinguished
from the term banker. Prejudiced writ
ers constantly confound the two. A
bank is an extremely essential part OF
the business structure. The capital
stock OF q bank, furnished generally by
hundreds Of people. the majority Of
whom are in moderate circumstances, Is
q small proportion Of the whole. The
most important element is the deposits,
which are contributed by . large part Of
the community. In respect to deposits,
then, the people are the bank. The
banker, as generally understood, is the
paid officer who looks after the interests
of the entire institution. Banking prof.
it's are not proportionately large, and 60
to the stockholders, who are again the
people. Private bankers with capital OF
their own are comparatively few in num-
Der and cut but a small figure in the
United States as compared with incor-
porated stock banks. These private
bankers issue no notes, and are not bene-
fsed or affected directly by laws relat-
ing TO banks. Laws which injure the
banks do harm to the whole community;
whereas, laws which contribute to the
proper working and prosperity Of the
banks help radically the whole people,
especially those who depend upon daily
labor for their wsges.-Wm. c. Corn
well in Forum.
What the writer says in regard to pri-
vate bankers is no doubt true. But what
about national bankers? Very few but
must admit that a healthy private bank
in any community is not only an accom-
mediation to the business people Of that
vicinity but il also becomes 3 fixture and
is looked upon as n Of the permanent
institutions OF the place. National
banks, on the other hand, are enemies OF
the majority Of the people. National
bankers, with rare exceptions, are gold
monometallists. Had the national bank.
ers the power they would retire every
dollar Of paper money issued by the
United States and in lieu thereof have
no money circulating among the people
except that issued by the national banks,
every dollar Of which would be drawing
interest at any rate they chose to name;
in q short time there would be neither
State nor private banks, for the national
banks would drive them out Of business.
Then another thing would be in exist
ence, had the national banks or bankers
the power, and that is they would not
only monopolizs the finances Of the Gov.
eminent but would have things in such
shape that the people of this country
would be ruled by them politically as
completely and absolutely as the peo-
Pile Of Russia by the Car. The fact is,
to those who are acquainted with the
situation Of affairs in this country to-day,
national banks have been almost as much
to blame in driving out the patriotic
spirit among the people as the demone-
t~ization of silver. The prediction made
by Senator Tom Benton. over sixty years
ago, is worthy of relating at this time.
When Congress in 1882, passed the law
re-chartering the United States Bank,
President Jackson vetoed the bill, and
Congress failed to pass it over his veto.
Senator Benton, who had been an ardent
supporter Of the President in his eight
against the bank, in q conversation .
short time after with Jackson regarding
the matter, congratulated "Old Hickory"
on his victory over the bank, but said:
"Mr. President, you have achieved .
splendid victory for the people at this
time; but il lie not permanent. You
have driven the tigress into the jungle.
but her whelps will make their appear
ance later on" And what are the ma
tional banks OF to-day