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Money Concentrated in New York Banks

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Pacific Press Publishing Company · Oakland, California · Jan 28, 1897

FromSigns of the Times, Vol. 23, No. 4.

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Money Concentrated in New York Banks

THE condition of a great country like the United States which finds such a congestion of its circulating medium that one-third of its money is in sixty-six banks of one city, as stated in our news column, is indeed suggestively deplorable. And there are other great banks in New York City. With so much of the life-blood of the commercial nation at this center, there is no wonder that we find unbalanced circulation and cold extremities, and hence much suffering.