Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1850-01-31
Jus. rs we expected.!.

Just as VIC expected!!!
When our Low Water neighbers turned out as
Fnanciers, and made futile effort to run tilt a.
ganst Clark's paper. and read puerile lectures on
currency to their readers, we knew they must rem
der themselves, and the whg party even, in a meas
ure, ridiculous.
The aim of the Wing party should be to establish
in our State banking system, with all checks and
safeguards necessary to secure entire sovency and
proper management. As the experiments hereto
fore made seem to indicate, all expedents have TAIL
ed aud the solvency of banks has seemed to be the
result Of honest and judicious management, and not
oflegisative restriction. there be any exceptions
| il is in New York. The State Branch system OF
Ohio never has and never will have the entire con-
fdence of 6nanciers. Whether the banks of that
state are good or not, nobody tell here there.
If any one personally knows the managers he can
form an opinion satisfactory to his mind, but
after all, actually knows nothing. And yet the bulk
of the currency of Iowa is Ohio paper. How much
better, would be currency of our own, under our
own control?
The Keokuk Register published a statement OF
the condition Of the Ohio Banks-as they said-to
sshead the advocates Of Clark's paperv' This state
ment shows that the Immediate liabilities OF those
banks erceed their immediate means ,lsl, and
that neither the editors at Keokuk nor the people
of Ohio know any thing about the actual value of
Ohio Bank paper. They show by their statement
that their immediate means are not sufficient to
meet their liabilities.
But say these asfwfs fnanciers Of the Keokuk Reg
ister--we took our statement sfrom the Cincinnati
Gazette-the Oldest and most influential Wing pa
per in the State-the editor of which remarks, shat
the Banks of no State in the Union are stronger
and more impregnable.'" The fact that their inn
mediate liabilities exceed their immediate means
millions and more does not prove to be true,
what the Gazette says as to the solvency of these
banks; but the fact that the oldest Wing paper in
Ohio says so, satisfies the fnonciers of the Regis.
ter, that such is the fact. Now we are pretty much
Of the same opinion-but for very different rea-
son. We do not think, with the Register, that the
statement proves anything, except the inability of
the Ohio Banks to pays but when the editors of the
Cincinnati Gazette assure us that we may have
confidence in Ohio Banks-we are dlsposed to con-
fde in the editors Of that paper, because we be-
iieve they honesf and sccH informed. So in re-
gard to Clark's paper. Men, as honest and well in
formed, assure Us, and gire Us confidence.
We cannot descend to the slang of the Register.
We desire to reason and be met in the same cay
If abillingsgate'' suits better the appettes Of the
readers of the Register, can forgive it. But in
justice to Clark Co., must copy one remark of
the Register, follows :-ssWe make no objection
hatever 10 the regular business Of Clark Co., in
the Exchange and Broker line that is entirely le-
Ultimate, and had they confined their operations to
thoe 10, -.
So far as we have been able to ascertain, the bu-
siness Of Clark Co. in this place, has been, wholly
confined TO the business Of buying and selling, of |
and to notes of foreign banks. We do |
not know Of single loan-nor. do we believe one |
to have been made. II is regretted by business |
men that their paper cannot be borrowed. And the |
reason why it cannot, is owing to the fact that il
is worth per cent more at St Louis, than any pa
per in circulation in Iowa, except Missouri Bank,)
md will therefore return upon them as fast as is
sued.
Is this the case with Ohio paper No! II is |
usually sent here in greatest abundance just before
q failure as all know, who remember the rotten |
bank of Cincinnati-bank OF CALI
poiis-bank of Norwalk-bank Of sandusky-bank |
Of Steuhenville-bank of West Union--bank Of |
Wooster--Farmers bank of Canton--Farmers Bank |
Of New salem--Farmers and Mechanics bank Of
rh;ll.. nthe-TaImers and Mechanics bank OF Gin |
man bank Of wooster-Jeferson bank |
81 New Salem, ETC., etc., etc. All OF which, Ohio
newspapers, called qos.t unit! they were broken, |
and Io,ca footed the bill.
In conclusion. we recommend the editors o. the
Register to abandon the wind operat,n of &C
sancho Panza, and to devote their energies to he
Rail Road from Dubuque to Keokuk. Which ,ciH |
be built ssif they only hare time,!.!
Gentlemen, you must tarry in Jericho little
ongerl