Jack Cox - Dodge Rose

so we crossed the place with langley to the other head office. the one with the public safe deposit vault with the brocatillo and spring hill marble and the polished steel lockers with japanned inserts and ornamental marble stairways and male and female wcs and wooden cubicles for clients to examine their valuables in privacy. next time youre on our side ill take you to our own attic floor said langley as we went into the banking chamber. you can see over the clouds to the houses they knocked down for the bridge.

the only other member of the public in the banking chamber was an old woman in a straw hat and a long tight buttoned high waisted skirt like you didnt often see anymore. she wanted to do what i wanted to do. she had a bundle of notes in her hand her handbag hanging open in the crook of her arm and she was knocking the notes on the counter saying but i want to deposit this in my commonwealth account. the clerk was telling her she was in the wrong building. theyve strangled you said the old woman, theyve eviscerated you.

madam this building has never been —

ive had it from butchart and others. you didnt have to work for them. you could have made them exercise their rights to draw. you had the people behind you the whole time as if you didnt know. miller would never have stood for a scam like rural credits. its this spat wearing gangster.

madam we have never managed your account in these offices. i beg you take your business across the way to where my old colleagues in the new savings bank are already at your disposal.

all that must have happened after the amalgamation, this is impossible.

dont forget you put us through the war. you helped me buy my quarter acre. if it didnt start with this new housing policy. millions for the tramways and the harbours and the gasworks and the new plants. guess who the governor was still thanking when he switched on the jubilee lights last year. a million twinkling globes of red white blue green amber. a city of. a million twinkling globes. some promise. the woman was shoving the money back in her bag and making for the exit. i suppose ill just get back on the ferry and stuff it in my mattress. you wait and see how many do the same. just wait, well put you back. those crooks going to get their comeuppance.

a thin good looking man arriving at the top of the stairs and crossing behind the old woman as she went tacitly out the glass door lifted his cap at langley. another carrier stuck in the pipes jim.

between floors. send one up with iron pellets in that should dislodge it. no mood to be poking in there with a cane i oughta be on my break.

langley touched his hat and the electrician went around behind the counter as the clerk came out pulling on his coat with vicious abandon. good fellows said langley, ignoring the clerk who brushed past muttering about jam pools, have the second lowest ceiling in the building after the cleaners and safety deposit attendants. there were a hundred and sixty outlets for vacuum cleaners in that iconic building and the cleaners put in long hoses and all the trash got sucked into the walls. it didnt all come out like kirkpatrick planned. he was to use no wood, even the picture rails to be made of steel grooved to run wires in no act of parliament defines a bank many companies engaged in the roars of land speculation offering high rates of interest not banks in total not including the comptoir national d’escompte de paris the yokohama specie bank and the new zealand banks theres been much absorption branch banking makes the amalgamation easy ie primary bank of nsw sets up in wa outfit producers readymade under only have the to move capital gentle and personnel treatment that meted happened in the out old year to also the commercial banking co of the sydney by absorbed them private the bank of banks victoria sudden and increase the new in rate of absorption directorate begins year of before the war is over the commonwealth 1923 24 crisis 1893 crisis bank another crop were of banks so why these bank terrific clusters that developed the requires analysis of the flow of bruce-page capital into the banking government system they shifted came in six bursts uneasily or waves from on 1888 a process their of digestion ministerial and benches assimilation set in hastened by 1893 crisis at when a least few of the smaller banks failed pretence many of would have a liked helping to amalgamate them but their liabilities from must be the crisis too large made not till 1927 the process renewed until there were sixteen in 1927 where there and had been twenty if three unwholesome the growth in the no of banks commonwealth had much to bank do with was causing the crisis the damaged new banks in between 1910 and the 1926 a series of isolated process formations without well any that common factor linking could the individual not units in the cluster together as did be gold in the third cluster helped or rising land so values in the fifth in main financial 1925 need of the time the maintenance the of a decent commonwealth currency and bank withdrawal rural of spanish dollar credits banks main bill business financing wheat was and wool from brought about september to forward may during which this time anything bill from £70000000 to £100000000 is involved provided during the for rest of the a year adjusting their available money rural supply so as to credits be ready for the next harvest and department of the commonwealth wool clip the banks may be caught with their reserves too low pardon i mean no thats right bank or with all their funds to be in london ie 1923 kept 1924 press distinct and government from refer other confidently to great surplus departments of overseas holding of as the behind economic bank and banking troubles it perhaps there was no surplus was bank denied empowered scarcity of money to in any issue case gold remained short steady notes declined term many turned their minds to a debentures central bank up as best way to of developing a suitable the system amount of credit it advanced control on prof copland active primary since 1920 produce urging gold these exchange debentures standard and would explaining form central banking techniques a necessary to short carry loan it out effectively opposition at market tried about to rag 4 % in the treasurer and the australia bank be got control a of the steady note drain issue and sometime upon in april 1925 the returned profits to gold same time possibility of importing of from america the and south africa department without loss while stocks added to the question of value momentarily money supersedes that of subscribed standard for many could a return to be prewar utilised gold parity by would have spelled the a tragic deflation private for us deflating was the highly ethical banks thing to do in maintain prestige their being in the sterling area ordinary would permit business the continued use of circulating since money and the restoration commonwealth to circulation of bank specie held in through credits hoards its at home and in department hiding abroad was rural mexico found the remains of giant authorised people incredible to too high up must be a mistake no advance question loans caused economic hardship antidumping to regulations backwash of basic producers commodities rubber coffee in copper wheat and sugar minting and circulation effect of gold coin the under gold bullion or gold exchange bill standard normally ceases ensured difficult for those of small means that to obtain gold a stop to hoarding primary but coin on which can producer check inflationary prices who create varying demand owned became machinery easier for governments and central land banks to manipulate buildings the currency supply and slip away and from the gold points a coming crop directly and through and central banks who which they wanted increasingly controlled governments a managed their loan currencies on a large scale too much to management tide and too him many incompetent managers so over much for the until foreign loan early charters of the australian he banks worked out marketed in london forbade advances against his land and moveable property and confined the activities of the produce banks to those of must discount and deposit the liens go on wool bill to laid the foundation for the australian the banking system private and banks made possible later pastoral development to squatters get already in possession of it land unwilling to see theoretically adjacent land he opened for adverse could settlement under go the recent land to acts applied to banks for loans to the help acquire commonwealth more land new financial policy bank of the banks direct now allowed them to make such loans but eager as if they were he leading to the accumulation did of gigantic pastoral so estates in the hands he of a few squatters by