With reference to our recent observations on the iron trade," it la an important question for the consideration of the commercial world Low far the evil wrought by speculators is aided am aggravated by the practice of banks in what is called "giving facil Te may also of what is practice of ing such facilities may not be quite legitimate trade on the part of the It is a nice point of commercial and suggests the following que: tions -—Is it legitimate business on the part of banks and bankers to assist and stimulate ious which they know to be of a no e? Is it legitimate to consider that the benefits accruing to a tively small number of private ind (whether speculators who obtai or bank shareholders whose di i the viving th counterbalance the wide-spread evil and suitoring resulting from the derangement, and in some cases utter disorganization for the of a business so important as that cor with the i Jo of Evgland? There wider that the securing of a dividend justifies the means taken for But it may be well even for suck re into and weigh both sides with judicial care, and perhaps the following might bye something like the result:—That it i8 at question whether the direct ain from their dividends has not been by the loss they have themly sustained from the shock to nce, and the consequent injury to business in general, And this may lead them to consider the expediency even in their interest of putting some limit to the cretion of bank managers in "the giving tice," as it is pleasantly termed. Provided the speculator, or nou-legitimate
Text read from the printed page and cleaned; old type leaves the occasional error.