The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1851-09-27
Banking In ninois.
M. z.

Pile OF this state, Is task n irksome and dlecnlt
as to exterminate all the ytmiu from "a lousy In
dians hair, and will require much more lrbor AMI {.
patience. -
| The first section provides after, Be il enacted.
&c. that the state auditor shall employ engravcrs
aud printers furnish fine expensive paper and
provide blank notes or bills of credit. for the usa
, Of any barker or association, on no matter wha,
, Conditions IN tins the state Is doing, and or,hr.
/ ing her public functvnar!es to do, the most hag
c.Ous act of violation Of constitutional laws that
can possibly le contriyed, aud just a. far "a tho
! people regard the fundamental laws Uf the land,
they must and will reiect this stride of the ans
/ t0cricy - tag aud cnslaNc them, with scurn aud
contempt aud H. advocates aud abettors, as blind
or dishonest But, Mr. Auditor. take care not t"
let aur coGnterfcits appear snd see that there -
pleHty Of one dollar bills 50 no specie will circu
late. There is something too honest IN a specie
dollar and too lawful aul constitutional for thc.o
times; We the mobility, the privileged banker.
I want all 0. the specie and give The peasanry
our notes in its place, which We will redeem, II
! We choose At any rate. the tolliug clod hop.
pers must take them and believe them lust AZ
| good az specie or at least as good as they de
serve. And moreover, Mr. Auditor, you must
provide books to register all these notes and ap.
point any Eninber of persons to assist you TO reg
lstcr aud cOunterSign these uotcs, and take care
( 70 get the pay for all these engIavers. paper
makers, printers book binders, and registers, sni
your own fees out of the taxes Of the people.
whiIe all this bullosquc of law was intended Z,
rob AND from which our worthy governor used
all his constitutional power to protect US aud
now 1t rs for you fellow citizena 10 protect your
selves. Your vote against this scheme OF iu.
! trgue will be the best iegacy you can bcstow Ga
YOU posteiity and the community
I The oecond aection of this Aporyphal law
makes the Auditors Office n grsat owls nes, in
which any person. or number Of persons NAV
{ transfer aud deposit the stocks Of the United
States, The stocks Of this or any other state The
latter, Ur state stocks, to be estimated twenty
per cent below the average rate at which suc,
stocks have been sold in the city Of New York
within the tE,n last six monts, and revive bills IN
blank Of the amount; this. deposited as owls
/ eggs 10 be placed in :.eat variey Of nests for
these bankers to sit spon and hatch a genus o.
fowl which none tp, ideal and souiless bipeds
Can generate. But The auditor must in no casa
issue owls eggs .or banking purposes, on ho.ds
oi Ihis or any other state, Oh which less tban six
per cent is no. regularly paid unless there shal!
he deposited with lin al least two dollars In
{ sond- exclusive Of the Interest for every dollar
in bills 50 ISSUED. So says the second section Of
the act published by authority, now before rur,
ard # ii is not correct copy am no! responsi
.le and by this section bonds paving lees than
six per ceri., oc even no per cent, are preferred
for this purpose above thv.e paying six per ctE-
aud The latter must te deposited III double qusa.
tty aud these better and no interest bonds cap
be easiest bough, in New York U, elsewhere
presume Texas scrip OF bonds can be tOugl, in
New York clandesllney nj ninety nine cents Oh
The dollar, when they may not be wol,h fy,
ce;ts on the dUl.ay, and these ure made Ll.ter
than six per cent paying bonds, by the letter of
the law and must he taken ut twenty per cent
below, which would be seventy nine ppr cent:
while the bonds of Nasscchu ets Ur Now York
are held at i!ty cents. Tins may be ,rstaku
! of TIC llurderhead Who drew tie bin, nnl IL
nigh, have passed without reading as seve.a,
laws have been lately, bat 80 it reads. Bu, tho
auditor mus, not tadu any stock; even this no.
interest or pig tail stock, above PAR value. pro.
I yiled only that it is the market value or III,
price ttat s.ockiotOers and jugglers trade i. il
/ New yotk. This would justify /. $50 per cent.
cr 5o per sent above par. (See las. clause II
Section third is into your pocse. again to pro.
vide books and pay the state treasurer tur max.
ing descriptive lists Of al the owls eggs and al
security stocks deposited with him icr safe keep.
ING.
Section fourth authorizes the loaning ard cir:u.
laiug Of these notes provided by tie state a.
money. Tie state is here par.ici pa'ing in u act
Rs Ease and unconstitutional rs 10 furnish tools 70
counterfeit, the coin of the United States us base
metal ard then authorize men 70 loan and circl.
late tns money.
Section ff,h provides, most particularly. for
three sets q books, aid they must lie well Lulrd
too; and how much lettering aud gliding mus;
be ca them, does not say, but the bank must
have one the auditor one, and treasurer one
Il
must he three hundred books, well bound, AID n
sufficient numbrr 0! registers aud clerks to keep
these books which viii form a little standing ~.
my at Springfield. But the governor will not TO
the commaudyru CAlrf and We must call then,
Gy some Other name perhaps hOoH and ladder
company. Then the state must pay these c!erka
st least $500 each, aud { there one hundred.
It will be nifty thousand dollars year for clerks
This, with ail that has been enumerated, and
all the profits the bankers val make, from the
honest yeUmanry ~ the state; and what heart:
MI u.L s.ck"a wii the prospect Of tanl rid
den aud down trodIen people whose condition
sill Je o. humLle a.l less tolcrabls than that of
slaves, whose masters will s,!l! find them N tie
: hour oi want
! The sisth section Nth bu-udess lib"rality
aud l'ruc-s, dispcas:s tbs unconstitutional pow.
cr and privilege to al persons What republic.
I.'alNN Ns.bNi lsIioN 'l'9sc1ia NOA lllGsL
iIst have Ssc0JO aud YOU must VIOLA the con-
s.tution Of the United States, and DC the wretch
cd eX,uGtYner who receives exorbitant nteres,
and lives on the tolls Of other men 1t reminds
me ui = similar offer made 10y similar cunning
power ~ u certain high place, Of all the king
LyaS o. the world and the glory Of them, on tho
condition Of single act Of npustacy md sacIi-
lggo but virtue wllhstood the trmptur then, and
! vii. now, aud the power was rs well Authorised
to give then, as it Is in this ease
Section seventh provides, first for the chriStcn-
) ing Of tho illeglnaie bantlng; secondly, IFS To-
cality third, the measure ot is power; Rui
fourth, tlc number Of its hydra heads; fifth, the
length Of is lifc-pariod OF ITS existence, per
soutcatiun. corpoica and social CN.stance, its
power - give and receive, and alulos. the iien-
tity u' living creature, with President and
Cashier for It's God father IN nlmothpr
Section eighth provides that the auditor or
county recorder shall certify ts existence, and it
sldll he heard in evidence without ever being
imputed Oh any trial civil ol criminal
Section ninth tor u third time couters the pow
er aud privilege OF what they may prohibit but
eau no more authorize than ! can, and they
transcend their constitutional powers as directly
a. they would tn license murder theft or nls0;.,
Banking is but gambling with three ceItanties to
your one uncertainty, and has less Of reason apI
justice To plead than lotteries or billiards, and
probably has less advocates, and from the law
Of nursty has iGr less practitioners. IL takes
9fl tys, .a#ns ., ~. q. hn,t- .tlAh II.