The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1839-09-19


the matter Immediately taken up. But it
may not be. Time alone will devolope
the whole matter and we await the result
and are willing to abide it. We are sure
of success eventually, whatever may be
the immediate action upon the subject.
| STATE BANK OF MISSOURI.
We have been over and over again ask
ed, why is not Indiana, Illinois and Ken
lucky money taken in payment for pub
lie lands at the Office in this place, and
have always been constrained to confess
that we were ignorant Of the cause.-We
are conscious that no blame can be attach
ed to the Land Officers, for its refusal;
but we are at the same time, as we'll
aware, that blame belongs to some one.
We know, that the receiver is instructed
to deposite in the State Bank of Missouri,
and that he dare not 60 counter to those
instructions. We know that a good un-
derstanding does not exist between all the
before mentioned institutions; yet we
know, that they are all repositories of the
public monies. They are all solvent in
situations, at least they are so considered
by the Secretary of the Treasury, and he
is presumed to have carefully examined
their condition before he deposited with
them. Then why is not the Indiana Iii.
nois and KY, money received! 1t is not
received here because the Missouri Bank
will not receive it of Genl. Van Antwerp
at par. This answer is very satisfactory.
But why will not the Missouri Bank re-
ceive it! Is it because either of those
banks are unsafe, or, likely to be so! Not
at all. Is it because their money is not
current in st. Louis and throughout Mis-
souri, BY no means. Is it because there
is difference in exchange between St.
Louis and Springfield, Indianapolis or
Louisville? No. But the answer is this:
The State Bank Of Missouri IS spccuzat-
ing INSTITUTIONAL shaving concern-H is
the quintessence Of Jeuish brokerage
shop. 1t is one of the most corrupt and
baneful institutions, with which our coun-
try is cursed. IT is an abomination in the
sight of every honest citizen. Does any
one require proof of this? If so we have
it at command; One instance will suffice,
and we have it from the highest authori-
ty. From one who neither loves nor fears
the institution, One who can neither pro-
fit or lose by its success, or downfall. A
gentleman, an Ohio farmer, wishing to
purchase land 10 Iowa procured draft on
the Missouri Bank, at one of the Banks
in Cincinnati. On his way hither, he
presented the draft at the counter of the
drawer institution. The teller immedi-
asely counted out and handed to him the
amount the draft called for in Illinois pa
per; when the gentleman enquired wheth-
er it would be taken for lands at the Office
in this place, he was answered in the neg
alive. What was to be done? He had
come all the way from the interior of
Ohio, to make an investment here, and he
now found that his money would not an
swer the purpose. Well, 1t ,cas readily
exchanged BY the officers Of the Missouri
Bank at a discount, for their oscn money.
Here is the secret of the whole matter
The Missouri bank wishes gold and silver
only to be deposited with them, because
they ,OiN be able to sell more Of their bills
at premium ope,. Illinois, Indiana and
Kentucky paper. Yea! they are SO gree.
dy Of gain, 50 anxious for dishonest spec.
ulation, and SO regardless of the character
of their institution, that they shave drafts
upon themselves which are always pre-
sumed to draw specie or its equivalent
These are glazing facts, and cannot be
controverted. And in view Of them we
ask any honest, thinking man. whether
or not, the Missouri Bank is deserving Of
public confidence! Is it a safe institution!
Does it give salutary tone to society,"
Does it answer the purpose Of its estab-
lishment! Does it afford facilities for com.
merce and trade! Does it encourage and
'mpetuate industry and enterprise' It
does not. It cannot. lts tendency is to,