The Marine Bank

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Excerpt from The Marine Bank: The Story of the Oldest Bank in IllinoisThere was one great problem, however, which must be solved before business could make proper progress. The entire state of Illinois was suffering from a painful lack of ade quate banking facilities. Two years earlier the State Bank had failed, and its affairs were now being settled. Moreover, the dominant political party was bitterly hostile to banks in any form. Framed under its in¿uence, the new constitution, adopted in 1847, required that every bank charter granted by the legislature be submitted to the people for rejection or ratification. Since this was an impracticable procedure, Illi nois business men were likely to remain without the many advantages afforded by banks in other states.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.