Nathaniel P. Banks

Definition and stakes

Portrait of George S. Boutwell George S. Boutwell,  Reminiscences of Sixty Years in Public Affairs…

“ XIV THE LEGISLATURE OF 1849 In the year 1849, two men were elected to the Massachusetts House of Representatives who have had conspicuous careers in the State and nation,—General Nathaniel P. Banks and Henry L. Dawes. General Banks had genius for politics and the generalities of public affairs. As an orator he was peculiar and attractive to an unusual degree. For a long period his popularity was great in his town and district, and finally in the State. A long life was the possession of General Banks, and I have only to consider how its opportunities were treated, and its duties performed. ”
Source: Gutenberg

Various,  Encyclopaedia Britannica, 11th Edition…

“ The national banks possess most of the powers of commercial banks, but are not permitted to hold real estate other than their banking houses, unless taken for debt. Five reports are required each year to the comptroller of the currency at dates selected by him without notice, and each bank is subject to the visitation of bank examiners acting under the comptroller. No reserves against notes are required by existing law except 5%, which is [v.03 p.0348] kept in Washington for current redemption purposes. ”
Source: Gutenberg

1911 Encyclopædia Britannica (1910)

“ BANKS, NATHANIEL PRENTISS (1816–1894) , American politician and soldier, was born at Waltham, Massachusetts, on the 30th of January 1816. He received only a common school education and at an early age began work as a bobbin-boy in a cotton factory of which his father was superintendent. Subsequently he edited a weekly paper at Waltham, studied law and was admitted to the bar, his energy and his ability as a public speaker soon winning him distinction. He served as a Free Soiler in the Massachusetts house of representatives from 1849 to 1853, and was speaker in 1851 and 1852 ”
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature