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Editorial November 4, 1885

The San Antonio Light

San Antonio, Bexar County, Texas

What is this article about?

The Chicago News editorial highlights a positive shift in attitudes toward commercial integrity, with recent convictions of prominent bankers like Ward and Fish for financial misdeeds serving as a deterrent to unethical pursuits of wealth.

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On the subject of "Business Integrity," the Chicago News says: "It is not improbable that there has been a radical change in the opinions and feelings of men regarding what is termed commercial honor and integrity. It had passed into a byword in this country that no man of means and position could be convicted and punished for misdeeds, which, had they been committed by a tramp, would have been robbery plain and simple. So general had this feeling become that banking institutions were regarded as snares and delusions by the timid, who sought other means of security for their funds than the hazardous ones of depositing them in such institutions. Safe deposits, where a man could hire his own vault and carry the key himself, sprang up in all large cities, and secured the patronage which formerly went to the savings institutions. Of late, however, judges and juries have been found who have brushed the glamor from a man's life and called his peculations by their right names, and subjected him to such punishment as his rascalities deserved. Within the last year or two several bank presidents and cashiers in New York and New Jersey have donned the convict's dress and entered upon longer or shorter terms of service to the state, as other thieves have done. Smartness is no longer regarded as an equivalent for honesty, nor boldness for integrity. Wild speculation instead of being considered brilliant has come to be regarded with suspicion. The conviction of Ward will make more than one young man who envied him in his palmy days think twice before he attempts to emulate his ventures. Fish, a convict in the State prison, and Ward convicted of similar crimes will be a wholesome tonic to many a man who is anxious for riches without much regard for the means employed for obtaining them."

What sub-type of article is it?

Crime Or Punishment Moral Or Religious

What keywords are associated?

Business Integrity Commercial Honor Financial Crimes Bank Convictions Peculation Punishment Speculation Suspicion

What entities or persons were involved?

Chicago News Ward Fish Bank Presidents And Cashiers In New York And New Jersey

Editorial Details

Primary Topic

Business Integrity And Punishment Of Financial Crimes

Stance / Tone

Supportive Of Recent Convictions As A Deterrent To Dishonesty

Key Figures

Chicago News Ward Fish Bank Presidents And Cashiers In New York And New Jersey

Key Arguments

Radical Change In Opinions On Commercial Honor Wealthy Individuals Now Face Punishment For Misdeeds Judges And Juries Calling Peculations By Right Names Convictions Of Bank Officials In New York And New Jersey Smartness No Longer Equivalent To Honesty Wild Speculation Regarded With Suspicion Conviction Of Ward As A Warning To Young Men

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