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Letter to Editor
January 22, 1816
Kentucky Gazette
Lexington, Fayette County, Kentucky
What is this article about?
A letter from 'A Farmer' in Jessamine requests Mr. Prentice to ask correspondents for details on the State Bank's capital, dividends, and loans to merchants, farmers, and manufacturers to evaluate its management, amid discussions on independent banks. Dated 16th January.
Clipping
OCR Quality
95%
Excellent
Full Text
Mr. Prentice—The proposal to establish Independent Banks, appears to have called the attention of the public to the conduct of those who manage the State Bank. Whilst some of your correspondents were writing on this subject, be so good as to request some of them to inform the public on the following particulars—as to which I know nothing more, than any who have lived in Maine:—
1. The amount of the capital of the State Bank—the sum held by the state, and the sum held by individuals.
2. The capital employed at Frankfort, and at each of the Branches—with the dividend at the Mother Bank and the Branches respectively.
3. The aggregate sums lent at each place—1st, to merchants—2d, to farmers—and 3d, to manufacturers & mechanics.
An answer on all these points, will enable the public to ascertain, whether the Bank has been well managed, or its loans principally made to dealers in British goods, or to those enterprising men who have endeavoured to bring into play the internal resources of our country.
A FARMER.
Jessamine, 16th January
1. The amount of the capital of the State Bank—the sum held by the state, and the sum held by individuals.
2. The capital employed at Frankfort, and at each of the Branches—with the dividend at the Mother Bank and the Branches respectively.
3. The aggregate sums lent at each place—1st, to merchants—2d, to farmers—and 3d, to manufacturers & mechanics.
An answer on all these points, will enable the public to ascertain, whether the Bank has been well managed, or its loans principally made to dealers in British goods, or to those enterprising men who have endeavoured to bring into play the internal resources of our country.
A FARMER.
Jessamine, 16th January
What sub-type of article is it?
Informative
Persuasive
What themes does it cover?
Economic Policy
Commerce Trade
What keywords are associated?
State Bank
Independent Banks
Maine Banking
Capital Stock
Dividends
Loans Merchants
Loans Farmers
Loans Manufacturers
What entities or persons were involved?
A Farmer.
Mr. Prentice
Letter to Editor Details
Author
A Farmer.
Recipient
Mr. Prentice
Main Argument
requests specific financial details on the state bank's capital, dividends, and lending practices to allow the public to judge if it has been well managed or favored certain sectors over others.
Notable Details
Proposal To Establish Independent Banks
Correspondents Writing On The Subject
Lived In Maine
Frankfort And Branches
Loans To Merchants, Farmers, Manufacturers & Mechanics
Dealers In British Goods
Internal Resources Of Our Country