Publisher's Synopsis
Excerpt from The History of the First National Bank of Chicago: Preceded by Some Account of Early Banking in the United States, Especially in the West and at Chicago
The inauguration of the national system was only the first step in the introduction of safe and sound economic theories. Uniformity in banking has inevi tably been a lesson of prime importance to the people. Slowly and almost unconsciously they have been taught that honesty in monetary legislation and abso lute protection against the schemes and projects of unscrupulous speculators are the foundation-stones of material prosperity; starting from these principles, and steadily erecting the superstructure in the same spirit, they have, under these in?uences, won the respect and admiration Of rival powers.
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