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Story
October 20, 1835
The New Hampshire Gazette
Portsmouth, Rockingham County, New Hampshire
What is this article about?
Editorial from Green Mountain Democrat predicts monopolists will seek early re-charter for Vermont banks in Bennington, Rutland, Danville, and Montpelier, facing strong public and democratic opposition instead of compliance.
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Full Text
From the Green Mountain Democrat.
It is said the Monopolists will apply at the next session of the Legislature for a re-charter of the Banks of Bennington, Rutland, Danville, and Montpelier, and unquestionably a detestable system of log rolling will be attempted for the purpose of fastening upon the public these rag-shops and cut purse corporations. Bank Agents and Bank Directors will find a change has come over the people-instead of an easy compliance with their arrogant commands, they will meet with an inflexible opposition, a bitter and determined hostility. The fact that the Corporators in these Banks ask for a renewal of their charters some six or eight years in advance of their termination, is proof that they dare not await the progress of popular reform; the certain triumph of the Democracy.
It is said the Monopolists will apply at the next session of the Legislature for a re-charter of the Banks of Bennington, Rutland, Danville, and Montpelier, and unquestionably a detestable system of log rolling will be attempted for the purpose of fastening upon the public these rag-shops and cut purse corporations. Bank Agents and Bank Directors will find a change has come over the people-instead of an easy compliance with their arrogant commands, they will meet with an inflexible opposition, a bitter and determined hostility. The fact that the Corporators in these Banks ask for a renewal of their charters some six or eight years in advance of their termination, is proof that they dare not await the progress of popular reform; the certain triumph of the Democracy.
What sub-type of article is it?
Political Editorial
What keywords are associated?
Bank Recharter
Monopolists
Vermont Banks
Log Rolling
Democratic Opposition
Where did it happen?
Vermont (Bennington, Rutland, Danville, Montpelier)
Story Details
Location
Vermont (Bennington, Rutland, Danville, Montpelier)
Event Date
Next Session Of The Legislature
Story Details
Monopolists plan to seek re-charter for banks six to eight years early via log-rolling, but will face inflexible public opposition and the triumph of Democracy.