Universal Journal of Psychology 4(6): 277-284, 2016 http://www.hrpub.org
DOI: 10.13189/ujp.2016.040605
Psychological Factors Involved in Banking, as
Encountered in Two Novels
Sinan Çaya
Institute of Marine Administration and Sciences, Istanbul University, Turkey
Copyright©2016 by authors, all rights reserved. Authors agree that this article remains permanently open access under the
terms of the Creative Commons Attribution License 4.0 International License
Abstract This article compares an American bank in an
unknown state in the United States in 1970s with a French
bank of 1850s in Paris. Even though those monetary
institutions are fictitious as given, one can indeed infer a lot
of truth and realism behind the hidden transcripts. As
presented in the involved literary works; the French bank
depicted by Émile Zola and the American bank thought up
by Arthur Hailey are, despite the differences in time and
geography; very similar in their functions. The former is only
more deeply embedded in the stock exchange while the latter
is essentially dependent upon loans made possible thanks to
depositors. A war of nerves and extreme stress underline the
themes of both of those superb novels.
Keywords Bank, Banking, Money, Stock Exchange,
Shares, Profit, Gain, Feelings
1. Introduction: Two Banks, Different
Dates and Countries
The original version of this manuscript was a graduate
term-paper (submitted to Assoc. Prof. Mahmut Tekçe),
which the author (yours truly) developped in a hedonist
attitude, with great pleasure! Unlike most other compulsary
papers along the course of my graduate-years; this paper was
far from being an obligation or drudgery merely aiming at
the fulfilment of a requirement.
The work makes a comparison of a French bank with an
Amercan one. Timing is wide apart between the two.
Nevertheless; both are western countries and in both it is the
capitalist economic system which prevails. Those two sheer
criteria render the attempted comparison quite plausible,
indeed.
I had run into the French work in a half-price bookstore,
by chance. This coincidence spurred my memory and made
me remember about the other book. I got to search the other
book in other second-hand book dealers in Istanbul. And I
eventually located it somewhere.No offence, on my part!
One might as well go ahead and label all that work an
opportunistic research, based on the serendipitious
(accidental) discovery of the mentioned French novel..
Émile Zola’s main character in the naturalistic novel
L’Argent (money) [1], is Aristide Saccard, an incorrigible
financier who had previously lost fortunes at the stock
exchange. He is impressed by his engineer-neighbor
Hamelin’s projects about prospective construction activities
with a Catholic-missionary purpose, in the Anatolian part of
the Ottoman territory as far as to Jerusalem. Establishing
passenger ship companies, exploiting mines near the Carmel
Mountain, construction of railroads mines are among the
foreseen developments. Seizing the chance of joining forces
with this technical master mind, this time he intends to start
again, but solely to accomplish gigantic gains for his part.
The two men get in league with other acquaintances of
Saccard and set up the Universal Bank
(1)
(Banque
Universelle) whose directorate is now incumbent upon
Saccard.
From the very beginning, he and his associates essentially
buy their own stocks instead of exposing them to the public
in entirety. They conceal this fishy, manipulative maneuver
via a few dummy persons visible at the front scene.
In actuality, whatever the country in question happens to
be, certain formal and indispensable steps are required by
law in setting up a finance business:
[For instance] After the decision to offer the
company to the general public, a stockbroker is
needed for the process of flotation [or going public].
A prospectus must be drawn up. This document sets
out the details of the company structure, the history
of the business, full names and addresses of the
directors, the profit end expansion projects audited
by another firm of accountants. In the past some very
dubious schemes have been foisted [concealed,
hidden, covered up] on the general public with very
little true information to back up extravagant claims.
As a result people were misled and money lost [2].
Hamelin’s sister displays that she read the statute-book (le
Code) and distinguishes between obligations (where there is
no game and a certain percentage goes to the lender) and
actions (in the case of which the associated person runs the