Annual Message of the Executive, to the General Assembly of Maryland : December Session, 1841. 1841
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It has been frequently remarked, that the people ovv-e the banks, and the banks owe the people; and that if the first will pay, the latter will do the same. Individuals, and not the people, are in- debted to the banks, and are often accommodated and indulo-ed at the expense of the whole community. The great mass of the people, especially in the country, do not apply for bank loans, and could not obtain them if they did ; but they all have an interest in the value of the paper which is daily pas...sing through their hands.
The reason, generally assigned by the banks for not resuming, is, that it cannot be done without serious injury to the community.
Individuals might give the same reason for not paying their debts, that is, that they could not collect the money which they had loaned out, without putting their debtors to inconvenience. This excuse might be urged at all times, and if sufficient, would justify a perpetual suspension. It has also been urged, as a reason for not resuming, that the exchanges are too much in favour of the eastern cities.
What to read after Annual Message of the Executive, to the General Assembly of Maryland : December Session, 1841. 1841?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. Governor (1839-1842 : Grason) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It has been frequently remarked, that the people ovv-e the banks, and the banks owe the people; and that if the first will pay, the latter will do the same. Individuals, and not the people, are in- debted to the banks, and are often accommodated and indulo-ed at the expense of the whole community. The great mass of the people, especially in the country, do not apply for bank loans, and could not obtain them if they did ; but they all have an interest in the value of the paper which is daily pas...sing through their hands.
The reason, generally assigned by the banks for not resuming, is, that it cannot be done without serious injury to the community.
Individuals might give the same reason for not paying their debts, that is, that they could not collect the money which they had loaned out, without putting their debtors to inconvenience. This excuse might be urged at all times, and if sufficient, would justify a perpetual suspension. It has also been urged, as a reason for not resuming, that the exchanges are too much in favour of the eastern cities.
What to read after Annual Message of the Executive, to the General Assembly of Maryland : December Session, 1841. 1841?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. Governor (1839-1842 : Grason) to read onlineMoreLess
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