Poor Neddy cried again, and went home to tell his troubles to Aunt Jane, fearing that it would take all the money in his bank to pay for the damage the bad monkey had done in one hour.
The last of the long-hoarded cents came out of his tin bank to buy paper and pictures for the gay little books he made for her.
He started a bank account, in a small way--and mentioned the deposit casually to friends; and to strangers, too; to everybody, in fact; but not as a new thing--on the contrary, as a matter of life-long standing.
The public stocks fell immediately on the news of Sunderland's dismissal, and were only partially revived upon Her Majesty's assurance to the Directors of the Bank that she meant to keep the Ministry otherwise unchanged.
What have you done--robbed a bank or committed murder?
The rapid subscriptions to the Bank of the United States, which completed the sum allowed to be subscribed in a single day, is among the striking and pleasing evidences which present themselves, not only of confidence in the Government, but of resource in the community.
Provision is likewise requisite for the reimbursement of the loan which has been made of the Bank of the United States, pursuant to the eleventh section of the act by which it is incorporated.
The first installment of the loan of $2,000,000 from the Bank of the United States has been paid, as was directed by law.
A Speech delivered in the Senate of the United States, on the 11th of July, 1832, on the President's Veto of the Bank Bill.
He could not borrow money on his note of hand, like any other citizen, without the circumstance being trumpeted abroad as incontrovertible evidence that Nick Biddle had paid him that sum to defend his diabolical Bank in the Senate of the United States.
The Bank of the United States was instituted to correct this evil; but, for causes which it is not necessary now to enumerate, it did not for some years bring back the currency of the country to a sound state.
In May, 1819, the British House of Commons decided, by a unanimous vote, that the resumption of cash payments by the Bank of England should not be deferred beyond the ensuing February.
In the latter part of the year 1818, the circulation of the bank had been greatly reduced, and a severe scarcity of money was felt in the London market.
About the time of these foreign events, our own bank system underwent a change; and all these causes, in my view of the subject, concurred to produce the great shock which took place in our commercial cities, and in many parts of the country.
With this new cargo she proceeded to Europe; two thirds of it were sold in Holland for $130,000, which the ship brought back, and placed in the same bank from the vaults of which she had taken her original outfit.
The remainder of this species of currency that came home in the vessel was deposited in a bank at Salem.
The debate on the bank question, on the tariff of 1816, and on the direct tax, will show who was who, and what was what, at that time.
THE PRESIDENTIAL VETO OF THE UNITED STATES BANK BILL.
A SPEECH DELIVERED IN THE SENATE OF THE UNITED STATES, ON THE 11TH OF JULY, 1832, ON THE PRESIDENT'S VETO OF THE BANK BILL.
Congress, after full deliberation and discussion, has passed a bill, by decisive majorities, in both houses, for extending the duration of the Bank of the United States.
They deny, in effect, that the bank is constitutional; they deny that it is expedient; they deny that it is necessary for the public service.
And, in the first place, it is to be observed, that they are such as to extinguish all hope that the present bank, or any bank at all resembling it, or resembling any known similar institution, can ever receive his approbation.
He is against the bank, and against any bank constituted in a manner known either to this or any other country.
We know what the management of the bank has been, and we know the present state of its affairs.
The bank has discounted liberally, in compliance with the wants of the community.
Thirty millions of the capital of the bank are now out, on loans and discounts, in the States on the Mississippi and its waters; ten millions of which are loaned on the discount of bills of exchange, foreign and domestic, and twenty millions on promissory notes.
At an average rate, money is not worth less than eight per cent per annum throughout the whole Western country, notwithstanding that it has now a loan or an advance from the bank of thirty millions, at six per cent.
I hope this is not merely an attempt to forestall opinion, and to throw on the bank the responsibility of those evils which threaten the country, for the sake of removing it from himself.
A great majority of the people are satisfied with the bank as it is, and desirous that it should be continued.
He is answerable for the consequences, therefore, which necessarily follow the change which the expiration of the bank charter may produce; and if these consequences shall prove disastrous, they can fairly be ascribed to his policy only, and the policy of his administration.
The concern manifested by Pennsylvania for the renewal of the charter shows her sense of the importance of the bank to her own interest, and that of the nation.
That great and enterprising State has entered into an extensive system of internal improvements, which necessarily makes heavy demands on her credit and her resources; and by the sound and acceptable currency which the bank affords, by the stability which it gives to private credit, and by occasional advances, made in anticipation of her revenues, and in aid of her great objects, she has found herself benefited, doubtless, in no inconsiderable degree.
Finding the bank highly useful, Congress has thought fit to provide for its continuance.
Aware of this early invitation given to Congress to take up the subject, by the President himself, the writer of the message seems to vary the ground of objection, and, instead of complaining that the time of bringing forward this measure was premature, to insist, rather, that, after the report of the committee of the other house, the bank should have withdrawn its application for the present!
Under such circumstances, it would have been somewhat singular, to say the least, if the bank itself had withdrawn its application.
An important election is at hand, and the renewal of the bank charter is a pending object of great interest, and some excitement.
It commences by an inflamed statement of what it calls the "favor" bestowed upon the original bank by the government, or, indeed, as it is phrased, the "monopoly of its favor and support"; and through the whole message all possible changes are rung on the "gratuity," the "exclusive privileges," and "monopoly," of the bank charter.
Now, Sir, the truth is, that the powers conferred on the bank are such, and no others, as are usually conferred on similar institutions.
Every bank must have some stockholders, unless it be such a bank as the President has recommended, and in regard to which he seems not likely to find much concurrence of other men's opinions; and if the stockholders, whoever they may be, conduct the affairs of the bank prudently, the expectation is always, of course, that they will make it profitable to themselves, as well as useful to the public.
If a bank charter is not to be granted, because, to some extent, it may be profitable to the stockholders, no charter can be granted.
They existed, in like manner, against the present bank at its creation, and will always exist against all banks.
The bank would still be our institution, subject to our own laws, and all its directors elected by ourselves; and our means would be enhanced, not by the confiscation and plunder, but by the proper use, of the foreign capital in our hands.
If the bank had appointed those directors, thus recommended by members of Congress; if it had submitted all its appointments to the supervision of the treasury; if it had removed the president of the New Hampshire branch; if it had, in all things, showed itself a complying, political, party machine, instead of an independent institution;--if it had done this, I leave all men to judge whether such an entire change of opinion, as to its constitutionality, its utility, and its good effects on the currency, would have happened between March and December.
On the contrary, it was satisfied, and so was the country, most unquestionably, with the bank then existing.
But it was not enough that a continuance of the charter of the bank was thus refused.
In 1832, Congress desired to continue the bank of the United States, and a majority of the people desired it also; but the President opposed it, and his will prevailed.
Congress has never been willing to make a bank founded on the money and credit of the government, and administered, of course, by executive hands; but this was the President's object, and he attained it, in a great measure, by the treasury selection of deposit banks.
Is there less bank paper in circulation?
Millions upon millions of bank paper have been added to the circulation.
Everywhere, and nowhere so much as where the present administration and its measures have been most zealously supported, banks have multiplied under State authority, since the decree was made that the Bank of the United States should be suffered to expire.
Do we not see that banking capital and bank paper are enormously increasing?
The States will make banks, and these will issue paper; and the longer the government of the United States neglects its duty in regard to measures for regulating the currency, the greater will be the amount of bank paper overspreading the country.
Hornby, to be either deposited in the bank or handed on to the diamond brokers.
Reuben was sent down to the docks at an early hour in the hope the ship might arrive in time for the stones to be lodged in the bank at once.
They tell me he doesn't keep a bank account.
I have already appropriated twenty millions to bank stock, ten to an expedition, and ten to pay the interest until the final reimbursement.
Richards, one of Prescott's bank presidents, "that Stanford has been telling you wild west stories.
And the other half," he went on, "I deposited in a bank to the credit of a fictitious personality.
I have only to hand you the bank book with the list of deposits, and you can step out of this Tolliver personality and appear in a new part of the world as another being.
For every dollar you have in the bank you have given another to charity, and both, I hope, have borne interest for you!
I have only to take you to the bank and that is settled.
It was a horrible task, but she determined to undertake it; so she walked to the bank and asked to see the manager.
Discovering that he could purchase the old Bank and the cashier's house for one hundred and twenty thousand dollars, he at once secured them, and on the 12th of May, 1812, opened the Girard Bank, with a capital of one million two hundred thousand dollars, which he increased the next year by one hundred thousand dollars more.
He retained all the old officers of the Bank of the United States, especially the cashier, Mr.
It was then a matter of great doubt with him how he should preserve the integrity of his own institution, while the other banks were suspending their payments; but the credit of his own bank was effectually secured by the suggestion of his cashier, Mr.
So plain was his style of living that, before he became generally known as a wealthy man, a bank clerk once superciliously informed him that his indorsement of a note would not be sufficient, as it was not likely he would be able to pay it in case the bank should be forced to call upon him.