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The Banking Monopoly

The Banking Monopoly image
Parent Issue
Day
30
Month
December
Year
1870
Copyright
Public Domain
OCR Text

Twonty-eight years ago, ihe people, utider tbe lead of General Andrew Jaekson, put down the Bauk of tho Unimd States, because tbey regarded its power as daugerous to the liberties of the people. That bank had a capital of 835,000,000, snd a circulatiou of loss I than $20,000,000. But it appears from tho lnst report of the Comptroller of the curreDcy, that thero are, to-dav, n I tlio uniteu otates, not less than 1 627 nntional bankp, control√ľng a capital of 8436,000,000. Tbe influoDco of thia eiiormous interest on federal legislation tnny be realized wben we state, upon the autliority of General Butler, that seventy national baokeri, or nearly onethird of the whole membersbip are j bers of tbe house of representatives. The peoplo of the United States are not 60 easily scared Kg they were ia Jackaoirs

Article

Subjects
Old News
Michigan Argus