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Editorial
December 28, 1825
Phenix Gazette
Alexandria, Virginia
What is this article about?
The Boston Galaxy satirically warns New York printers against petitioning for a bank charter with $500,000 capital, advising them to avoid stock speculation and stick to their printing trade to prevent financial ruin, using printing metaphors.
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PRINTER'S BANK
We perceive by the New York Evening Post, that the printers of that city
are about to petition the legislature for
a bank charter, with a capital of 500,000
dollars. If our brethren of the
type at New-York can take up the
stock of a bank among themselves,
without becoming borrowers at their
own counter, they are truly in a
prosperous condition. But if, like the
stockholders of some banking institutions, they want a bank merely to discount their own notes, let them pause
and ponder, and ponder and pause a little, before they proceed. Every printer has a bank in his office; let him
stick by that in his office, and we hope
a comfortable income will stick by
him. The rage of speculating in
stocks, unless it be in ball-stocks, may
bring him into embarrassments, and
he may find unexpectedly that his register is out, his points blunted, his pages squabbled, his head lines battered, his types in pi, and his body locked up in a
chase, whence no pulls at the devil's tail
can throw him off without mackles and
slurs. Let him take out picks with a
sheep's foot or correct his form without a
bodkin; let him make his bed in his coffin or winter beneath his own summer; but
let him beware of a plunge in the lye
tub of speculation.
[Boston Galaxy.]
We perceive by the New York Evening Post, that the printers of that city
are about to petition the legislature for
a bank charter, with a capital of 500,000
dollars. If our brethren of the
type at New-York can take up the
stock of a bank among themselves,
without becoming borrowers at their
own counter, they are truly in a
prosperous condition. But if, like the
stockholders of some banking institutions, they want a bank merely to discount their own notes, let them pause
and ponder, and ponder and pause a little, before they proceed. Every printer has a bank in his office; let him
stick by that in his office, and we hope
a comfortable income will stick by
him. The rage of speculating in
stocks, unless it be in ball-stocks, may
bring him into embarrassments, and
he may find unexpectedly that his register is out, his points blunted, his pages squabbled, his head lines battered, his types in pi, and his body locked up in a
chase, whence no pulls at the devil's tail
can throw him off without mackles and
slurs. Let him take out picks with a
sheep's foot or correct his form without a
bodkin; let him make his bed in his coffin or winter beneath his own summer; but
let him beware of a plunge in the lye
tub of speculation.
[Boston Galaxy.]
What sub-type of article is it?
Satire
Economic Policy
What keywords are associated?
Printer Bank
Bank Charter
Stock Speculation
Printing Trade
Financial Warning
What entities or persons were involved?
New York Printers
New York Evening Post
Boston Galaxy
Editorial Details
Primary Topic
Warning Against Printers Forming A Bank
Stance / Tone
Satirical Caution
Key Figures
New York Printers
New York Evening Post
Boston Galaxy
Key Arguments
Printers In Prosperous Condition Can Fund Bank Without Borrowing From It
Seeking Bank To Discount Own Notes Is Risky
Every Printer Has A Bank In His Office; Stick To Printing For Income
Stock Speculation May Lead To Financial Embarrassments
Beware Of Speculation Using Printing Metaphors For Ruin