Loading ...INTRODUCTION
Some steps were taken during last session of Parliament, to effect a reform in our banking system, by promoting the establishment of Joint Stock Banks. These were, however, suspended by the dissolution of Parliament, and the agitating events which have since occurred, to be again revived at the proper opportunity. This opportunity appears to be now approaching, and the following observations are intended to recall attention to the subject, and to suggest, for the consideration of the leading, influential, and intelligent parties who take an interest in the question, those means which appear to the writer the best adapted for accomplishing their object.
These observations may be divided into three heads :
1st. Preliminary Observations. — Containing a short statement of the steps which have been taken — the disposition of Government in favor of these establishments — the disposition of the public to form them — the principles on which they ought to be founded — and the proper mode of proceeding.
2nd. The Plan upon which a Bank to accomplish the objects in view would be best constructed in reference to these principles.
3rd. The manner in which the Capital of such Bank would be best raised.
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