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The oId-fashioned BGnk-The late old
fashioned National Bank was celebrated for the
practice of one vice above all others--th0t Of er-
panding and contracting its discounts for cleo
tioneering purposes. Was an important election
dependng2 II contracted What for2 To raise
n cry about hard times, and make the people be-
lieve that National Bank was necessary to their
prosperity. 1t contracted, as far as the people
concerned, and expanded for the benefit of its
officers and hireIings 1t expanded and contrac


ted also for the purpose of enriching certain indi


viduals. How was this done? 1t was done in
1919, as we'll as at other times, by Withdrawing
its notes, to great extent, from circulation, and
then issuing more than was demanded by the real
wants of the country. The withdrawal brought