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The Profits of Banking One feature of the recent frauds and defalcations in New York is worthy of notice. When it was ascertained that Jenkins and his accomplices had taken $350,000 from the Phoenix Bank, the Cashier bastened to assure the public that this amount was more than covered by the surplus profits on hand. W hen Ketchum by bis forgeries drew $350,000 from the Importers' and Traders' Bank, and $255,000 from the Fourth National, the Cashiers of these institutions hastened to assure the publie that these sums fell short of the surplus earnings of the respective Banks on hand! All these institutions, we believe, have paid large dividends. They all have suspended specie payment without the authority of law. Yet they all demand exemption from taxation! And & partisan press denounces, with extreme bitter. ness, all who advocate a system of equal taxation that shall include in its operation those ag. gregated capitals, as well as the property of private eitizens - Albany Argus
