The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-06
CoSSecrIcur BANK DIVIDENDS.

This exhibits a most excellent state of affairs. The
finances of the State with population of souls Of
which 6os actively employed. 900 in agrlcutu.
and in manufactures conducted with degree Of
frugaty and skill that unequaed The State is 60
verned in that produces the greatest good to
the greatest number" afording complete illustration
the riumphs of democratic principles at expense OF
less than 81 per head for the active population
the whole Union governed at the same ratio of
pensc the expenses Of the federal government would be
little 81 10000 per Other States have, how
ever by preserved this prudent and republican
policy They have plunged head and into debt they
have INDUCED in all sorts of extray agances have dsspa
ted the of the people, plunged them into debt to
extent which longer be endured and they
round o Connecticut and the other States
ask them pay the debts that the wanon folly Of unpn
cpcd politicians have contracted in other quarters The
industry and frugay of Connecticut to be made sub.
servient to the spendthr prodgaty Of Illinois and SINH
lar States The democratic thrift of New England is to
bear the burden the arstocrac paper extravsgances
Pennsylvania Let the farmers and manufacturers Of Con-
necticut, who have promptly refused often has
asked contract debts build State works within
their territory, whether they ready to
pay for those commenced against the dctases of
sense amidst the wild of the country Are the
integrity and skill Of the business community be taxed
for the dishonesty and folly ofthe politicians
AThe returns of the Treasury notes show the following
amounts to be outstanding on the LIST inst:
TREASURY Norris OuIsTANpIxe.
Total outstanding old issues, 5 Msg '""ea 'Hyi'
Rss.. ansis q that as m s % 49, y
Issues of Jan. 1872 3s4I,737 7,o79,9ii 7,1sl $3.50
Redeemed OF that issue, l,88,322 227,3y3 2tT.B7
Grand total outstanding 7.si729 9,loOecA 9o77 ooe
This presents very nearly the results the
former About 100000 notes have been issued
Al, "a no
during the month.
The Banks of the western States slowly getting
right. The nsslvent institutions are however still srug
Cling avoid inevitable liquidation. The public will and
can no longer be imposed upon by these institutions
yet still they strive in fates despite
To rally up the desperate fight
The Shawneetown Bank Of Illinois having utterly fail
ed in endcavorng locate branches Springfield Gale
ma and Chicago to get possession of the wheat and other
produceof the farmer for her rredeemable bills under
preence oil furnishing purchase up send of
the produce OF the country and also furnish herself
with exchange and thus enable herself up cir
cuaiion with profit herself and the country The day
for this preposterous humbug is gone by. The people
will no longer be deceived by It, An institution avowed.
" nsoly forward and tells the farmers that If
they will give her their wheat for her dshonered notes
which she can't pay that the proceeds OF the wheat will
enable her pay her old debts Such mpudent PROPOSE
tons this five years hence, will be laughed at AZ the
joke Of mountebank This same bank at her last re-
port had circulation 5000 O0o which she says she has
not the means of meeting. Suppose now she comes into
the market and buys 100000 worth of wheat exchange
drawn against It, she will then have circulation of
81 100000 and 100000 worth of wheat exchange to
pay it with The purchase of the wheat II stimulated
by the funds of the bank will be aspsculative will
taken athe risk of the buyers and not grow out of
actual demand for the articles consequently the operation
av be losing ono In which case the hank iii not re-
ceye back the face of hS bills and cannot pay them
Suppose, however, instead Of keeping the bills Of ex-
change until maturity she wishes sell them for her cir
cuationy there being but little demand SIZE will create
To do she begins by dscountng the notes Of the
dealers They East and buy goods Of all sorts
which, leaning upon the banks for facilities they
cut 70 the farmers and thereby enabled to force Of
large Susniy Topsy for ihs,s goods they 80 to the