ABSTRACT

In speaking of association, I have hitherto confined myself to those associations which, in a trade of that nature, may naturally be supposed to take place between individual banking houses and particular individuals among their respective customers. But another species or degree of association the trade lies open to, which places the mischief from this source in a still more extensive point of view: I mean the associations of these houses one with another. The associations now in view are not the associations as between tens of thousands and tens of thousands, but associations as between millions and millions.