Are Bankers Profiteers?
A Foolish Vendetta
Sourth constructive criticism is always to be welcomed, whether it is concerned with the affairs of Governments, individuals or institutions, but a mere vendetta is to be deprecated. It is in this latter class that I should be dis- posed, to place the .persistent attacks which have been made upon our banking institutions for some time past by one particular section of the Press. Ostensibly these critieisins are directed towards the interests of the general community, the contention raised in most of the attacks being that bankers' charges for loans and overdrafts are too high in proportion to bankers' allowances on deposits. Moreover, from the same quarters the point has often been made that much of the trade depression of recent years is directly associated either with inadequate loan facilities or with the charges for such facilities being too high. •
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