The miners' express. (Dubuque, Iowa) 1849-1854, 1850-01-23
Illegal Currency.

For several weeks past our neighbors the
river towns between this and Saint Louis, have
been giving vent to their satisfaction or dspleas-
ure, as they have been differently affected by
the appearance among them of q new ILLEGAL
species Of promise, printed upon nice paper, anc
designed to circulate as-money We have not
been troubled with this delusion as yet, but lest
our readers may so far forget their own interest
as to be duped into an acceptance ofthis, or any
such trash, in payment of their just demands
we will give them timeIy warnin, to refuse Pc.
REMPToRILY, everything in the shape of pro-
mise to pay, which may be presented by an ire
spansible person or company. The best way to
treat these promises, is to give a mere promise
in return. If any of you (and we address our
country friends in particularly accept these pro-
misses in payment of produce, or a satisfaction
for debt, you thereby encourage a system, which,
il allowed to plant itself here, will explode with
as much certainty, and with similar effects as
have followed from similar causes IN our older
States.
There is but one legal currency in Iowa, and
there can be no other under existing laws. That
currency is always good-never promising, but
always performing its legitimate functions. With
this currency in your pocket, you can, if you
have enough oft, procure whatever is purchas
able; or should you want nothing, you can store
it away, without being under any apprehension
that its value will dcpreciate. With these paper
promises you can have no such certainty; their
makers never intend that they shall be redeem
ed. If, perchance, they should redeem them for
season, it is merely to encourage their more
extensive circulation, and thereby procure for
the makers larger share of spoils at the expense
Of their ruined and plundered victims. Remem-
Der, that every dollar of paper money which you
countenance by your approval, drives dollar of
gold or silver from circulation, and adds to the
wealth and influence of the issuee, at the ex-
pense of the receiver and holder. 1t is no excuse
to say that coin cannot be procured, or that this
currency of Tom, Dick and Harry, is as good as
that of Cheatum g. Co. If these promises are
good for what they say, why are they in circu-
lation? Will any person be fool enough to pre-
fer promise, printed or handsomely written,
upon bit Of paper, with pretty borders, to a fine
solid piece Of gold' Some may say they would,
but such persons belong to the firm of Tom,
Dick and Harry, or to the House of Cheatum &
CO., and are interested in this game of getting
rich upon other peoples labor and credit
Again, these promises are intended to effect
some useful purpose for the makers. That pur-
pose is to get rich by giving mere promise for
! substantial reality-in other words, by trading
off the bits Of paper for bits of coin; and when
the makers have sufficient Of the latter to serve
their purpose, when pressed for a redemption
Of the promises, they explode like an empty air
bubble. All the coin which the concerns made
BY exchange Of their promise, will be converted
into real estate and this is shielded from the grasp
Of Justice BY legal forms and technicalities.
Once more we say, beware Of these promises,
if you want to hold your own,
The CoMMUNITY AT NAUvoo.-By a private /
letter from Mr.. CADET, we learn that AS persons
have lately arrived there from France to ioinI
the establishment, and 10 more are daily expec-
- ~ the spring large emigration Of French
lcayMns 70 the new community is expected to
IKE place. ~
SxxAToRIAL CoMNIrrEEs.-The Baltimore
Suns correspondent says: "Messrs. Clay, Cas-.
Calhoun, Seward, Hale, and Chase, were notl
ppt On my committee, the first four named hav.|,
~ been omitted Ut their own urgent request.
~ the two last " m intentional exclusion
sssl ssg a 81 VI 7. g S s Ell u s