The Minnesota pioneer., 1850-06-06
COMMUNICATED.
For the Pioneer.

-
the way for the establishment ola system
OF currency, which time and experience
have shown to be detrimental to the pros
Pcrity of every new country. There is no
one who has ut heart more deeply the
interest and welfare of our new Terrific
ry than myself; and far be it from my
thought to discountenance a policy
which has for its object the advance
mcnt Of its prosperity. Imust say, how
ever, with all due Difference to the opin-
ions OF the author Of the article referred
to, that he is setting on foot a project,
which If carried out, would prove injur-
ious to the growth of the territory-sub-
vcrtve to the enterprise and wealth of
the community, and utterly ruinous TO
our credit. This is said from no abjcct
servility to party prejudice, but from n
sense OF right; believing as l do, that
banking corporations and monopolies of
that character, are deadly hostile to the
welfare Of any community; and instead
of fostering and sustaining integrity, i'll
dustry and frugality, cngcnder habits
of Incidence and avaricc. The rcvul-
sions of 1887 and the suspension of spe-
Gle payment by the banks ut that time,
are fresh in the minds of us all. The
disastrous consequences of such over
throws, the good people of Minnesota l
trust will be spared. History bears
evidence of the fact, that the use of pa
per currency has never in any country
been serviccable as a sound and steady
circulating medium; and wherever pow
ers of banking have been conferred by
any government, however great the pains
taken to restrict the issue, an excess
has been created, and as a necessary
consequence destructive depreciation.
Establish corporation of the character
referred to by the writer in the Chroni-
Gle, and you have in your midst, rearing
its dcsolating head, Monster Institu-
tion;' which by the contraction or ex-
pansion ofits circulation, would produce
disasters equal to any that have trans
pircd in the annals of banking opera
tions. An artificial credit would be es-
tablishcd and take the place of that real
credit which rests upon the character of
the individual seeking credit, and his re-
sponsibility to pay. The system of bank
ing described by the writer, instead of
accomplishing the many happy benefits
he anticipates-instcad of rapidly 'pop-
ulating the country, and Minnesota be-
coming what nature designed it should
be, the abode Of a thriving, Industrious,
orderly and dense population would
bring misery and distress upon many
meritorius individuals; who from the ia
cility of procuring Accommodations, had
entered into imRrovidcnt engagements,
Their property and means of subsis-
tence would suddenly be swept away
from them by the expansions and con-
fractions of the currency, ard the wealth
and prosperity Of the country complete
ly prostrated. Such are few among the
many deleterious influences arising from
the creation Of an institution Of the char
acter set forth by the writer Of the arti-
Gle in the Chronicle. The Inhabitants
of the territory of Minnesota are pos
sessed of too much intelligence and
good sense, to be induced into the
support Of any such scheme as would
virtually concentrate the whole wealth
ofthe territory into the hands Of few
gamblers on large scale, while it re-
duces them to state Of dependence
and poverty.
They do not stand in need of any
such institution which would enrich for
eign capitalists and flood the country
with large quantity Of worthless pa
per under the pretence of developing
the resources of the country and giving
her the prominent station she deserves.
Buried .Aire.-On the authority of Mr.
Straling, sexton Of St. Vincent burial
ground, we give the following melancholy
fact.
On Friday last, funeral train arrived
at the grave yard, bearing with them for
burial, the corpse ofa German, who was
supposed TO have died from the effects of
laudanum. 1t appears the man had been
unwell and laboring under great pain.
TO ease this his brother procured phi
al OF laudanum, part of which was ad-
TO the afflicted man, and the
phial and remainder were put away.
After having slept some time, and
while the rest of the family were asleep,
the sick man awoke, hunted up the laud-
anum, and drank the whole of it, which
so nearly deprived him of life that his
relatives concluded he was dead. He
was taken to the above grave yard for
burial, the grave dug, the coffin lowered
into it, the grave partially filled, the
mourners started for their homes, and
the sexton left his son to complete the fill
ing of the grave, while he went to at
tend to another, in different part of the
yard.
The son had been engaged but short
time in throwing dirt into the grave,
when he heard noise resembling heavy
breathing, which appeared to proceed
from the coffin he was burying. The boy
called his father, who quickly unearthed
the coffin, opened it, and found that the
man had turned his head so as to partly
lay on the front of his face, and the body
was warm. He procured vinegar, ETC.,
and made great eXertions to restore the
poor man by friction, but his efforts come
90 late, the man was dead. st. Louis
Union, 9Th inst.
Syracuse now has mysterious knock
ngs' after the Rochester fashion. The
are described as most
81,