Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1851-11-06

uScu W. improvements bul IS mace 10
yieldils fifteen, twenty and twenty five
per cent. No ham can afford TO pay this
interest for The use of money 10 any le-
climate business. II he stands up TO
II he is slave, and suffers worse than
African bondage.
There can be little improvement un-
der such a state Of things. Our mechan-
les cannot find profitable employment,
and il they do their pay comes with
great difficulty and delay. We have
had some $50 dwelling houses put up in
this city--ss we are iold---th the past sum-
mer. Very few good houses have been
built. The biiiuipgshave been general
~ put up by mechanics 10 live III.
Lctis have banks. where money ran
be had al seven per cent, aud there
would be change that would gladden.
The hearts Of mechanics and laboring
men. Capitalists would then use their
money as the best mode Of investment.
Joiners and carpenters, and brick layers,
and plastcrers, and laborers would have
employment, and fair wages. We should
have buildings and stores to accommo-
date those who come among us seeking
places 10 invest means and obtain EN-
ployment. We would not then see PEG
Pile 90 away from us. because they are
moi able 10 find buildings to live in.
Those Who're saiisfied1with the pres
en-. state Of things and desire il 10 be
made worse. Of course. will soie against
the Bank Law; but every Young man
and old man, mechanic and laborer. who
wants % see the country prosper--wanis
10 see it enjoy all The advantages Of New
York and other Siaiee. in money matters
will voie for The Bank Law - Spring
fell III. Journal.s
The above article so nearly sets forth
the position Of our own State that we
copy il. and request Of our readers thai
they reflect and see in what position we
are placed. Here we have all The natu-
raj elements that are necessary 10 make
US a great S.aie, but owing % the narrow
and blind policy Of those who framed
our State Constitution, we are cut off.
from all hope - present, Of having a
currency of our own: Money is so
scarce that il is with The greatest Lilicul.
~ tina. business can be- transacted, and
there seems to be no hope Of its being
any plentier. We are subject 10 the
81 - ~ :
shayes of hearllcss and Irresponsible
"individual Bankers. and sill we close
our eyes TO the fact.
Why moi have good State Bank. ba.
'sed upon actual capital. and its issues
secured in such manner that there wo Id
be no doubt Of its entire safety; and do
away with such stuff as the "Wisconsin
Marine. Fire INSURANCE. Company; Clark
& Brothers promises 10 pay; and George
Parsons Shinplasiers. We know
well enough that you win take such
stuff even il sou are an Anti Bank l4o,
cofoco, and why not have good respon-
sible Bank Of whose safety YOU are SAT-,
isiied, and Danish all these Shinplaster
affairs.
We are no advocates OF Bank that
viii give rogues chance to cheat honest
and nnsuspecting people pnt Of their
earnings. and believe that such a law can
be framed as will be Of advantage 10
those who engage 10 Banking; and at the
same time secure The Bin holders. For
instance we would cite The Ohio, New
York and Indiana Banks. Who is there
that doubts but thu, the Banks last in
corporaied in these States are safe and
sound; aud are one Of the greatest means
Of developing heir mighty resources.
II you will il. we.will 60 in for ..in-
dividual liability il banking Corpora
lion as strongly as The strongest. bu. Ie.
US have currency Of our own. with
which to transact The vast and growing
business Of our State, and not be depend.
ent on others for what little we now
have.
We believe that majority OF the vo-
iers of this Slate are in favor Of good.
sonndsysieIn Of Banking, and We should
like to see the question tested AZ The next
election, whether we shall have j. or not.
So Ear as we are concerned, we shall
vote for no man who is moi in favor Of a
good State Bank, and in favor &c a.
n,ending our present Stale Constitution.
w hat say you, fsllow.cisizens. are you
satisfied 10 lei things remain as they
are. Or wilI-you avail yourselves Of The
means Of lettering our condition as well
as that Of The State a: large!
Illinois. after a season Of dreaming,
has awakened 10 her interests. She
knows that she cannot thrive while she
is dependent on Other States for her cur
rency; and her Legislature, though strong
H.. 49,. IL. -.