Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1846-06-17

Uv. D. PALMER is esssgen, procuring
subscriptions and Advertisement. 'e' t'e kEroK
IEk' a0o 'eo''s'as gay '"s'c'',' = 4. e''s' .
- ..r s.==.s-.==-.--...
The Crash---Staad from Under!
The Bank Of River Raisin, at Monroe,
Mich, owned by Prentiss Dow. nromi-
nens wing banker Of Ohio, has at length
gone the way Of all legalizsd ewind
ling shops Exploded, 6ursfed Up The
proprietor Of this concern, with his aid.
ers and abettors in obtaininga credit for,'
aud palming its rag pictures Of OH the
community rs money havs male 2 very
handsome operation cut q y. y - sa'd
that al least one hundfeo 'no1sc'o oo11d's
q tnis beautiini ingred'en' I'M "'1eu
essreney, this eonpenaea ana sag rned''lm
o. excnange, y len ailoat IA among 'ne gun
Die people Of Michigan ana Jnlo. ms
loss iai's almost wholly upon 'he farmers
tne mechanics ana 'he poor 'aoorsrs:
For the trading community inc seilel s o.
tape and cottoi, goods, and the buyers Of
wheat and pork being always 90 the look
out FOR breakers, are generally sharp sight
ed enough to foresee the crash, and can
guard against its effects BY ''eifanaaS out"
the worthless trash, and showing il OIL
we didn't say on whom-5ui the man who,
ii purchasing, on the day previous, a email
:ot ofnecessaries for his family received a
matter Of four or FIVE dsllars in small bills,
az change,--or the farmer WHO had just
beento town with load Of whsat or pork,
and returned with his pockets filed with
bills which were paid him in exchange for
his produce, and which were perfectly
current when he received thein-'Just as
good as The tank.-they arc the ones 10
tell who got il. The people Of Ohio and
Michigan are in possession OF evidences
ofdebt eivenb by this thieying concern, and
which they have received in payment for
their labor and produce. TO the amount Of
ONE HUNDRED THOUSAND DOL
LARS!! Who pays? The River Raisin
bank was intimately connected with the
batch Of Ohio institutions Of pillsge and
plumber Dow, its owner, being the own
er in part, if not the sole owner, Of the
Merchants bank ofClevelanc, branch Of
the State Bank OF Ohio. Dow refuses to
redeem the River Rsisin bills, because, as
he Gays. BY SO doing he would exhaust the
means Of the Merchants Bank, and thus
produce afaiiure Of branch of the State
Bank /!
The Ohio Statesman says, iurther, tha1
the River Raisin bills had received Gre
dit in that reo;an. and consequently OBJ
,a,neo : ,.roe c,rcu,a,ion bv being re-
a.., ,h.,c;tu R,nk
1 = Tug ou" "
asColumous; which, no" ihat the cfasn mas
come, refuses any longer to redeem them.
But the people think 'sthat al, institution
ub;eh nnholl. and gives credit and char
$3.50 -, !: !; !.
ac'sI % 2 coice'n when . Ano"h y o'
a1 ."
nc cars % uAe oa''A ''aooos :. oo' 40
VII csAhss 'Ae'i e'upe'uuus '@o'' = ~ = e'"
sle 20 us oase' fne 'o''o",ne "',"ne
gwen " inc same paper "n'''' o."s
Pno'''heo :. oo'u'-ou'' . sovu Au'"u,s'
VIII not De lost on 'he peopie o. me "ssl'
ney are WISE ne"a - anu 'e"e"oe'
sna' ne VINO '0fe'e'ls the wreck o. paper
ana 'he crash o. oAi' ANS very ssiaon' u es-
e'' Prov. ''''e p'op"e''
II - almost ''me .ol genera, crash
W -. -. L. ..;,h Too ,nneh Ohm money in
their pockets. We have the very best
reason for believing tina, majority Of the
banks are now paying 0la'S 'Naa - . large
am0un., - o'u .h;".;na shpn. until .f,sr
i...:., haw.,e- ,hay