Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1852-05-06

JOSEPH HILL, Chm
Of Central Com.
About Banks.
"Iowa never has had bank, and no
State in the Union possesses greater ele-
ments of real, substantial and perma-
nent prosperity, or shoes an easier state
Of things IN her monetary affairs.
than this same bankless community"
=
"The past history of our State, preg-
mani with prosperity, repiete Nth uner-
dnpied Improvement, and individual as
,ceH as public Announcement, gives the lie
to any assertion in favor of the necessi-
ty OF establishing banking system in
Iowa, while. in the present, The prosper.
Gus aspect Of affairs through our State,
stamps the project as not only uncalled
tor, but absurd in its very conception
The above we take from that very a.
musing print the Io,oa Statesman, and
il is our deliberate opinion tina. the man
who penned it, would fiddle at his grand.
mother funeral and consider it fine sport.
We have indicated the richest paragraphs
by italics. Is the fellow joking or era
zy!-the latter possibly, for "whom the
Gods wish to destroy, they first make
mad"
But while such seems TO be the un-
fortunate condition of the presiding ge-
MUS of the Statesman upon this and
most other subjects connected with our
State policy-we are happy to know
that the people are enjoying quite ra.
sional state of feeling upon 1t: the great
mass of the people are exercising their
sober second thought-that calm judg-
ment, before which the fogs of ignorance
and prejudice, which such papers
as the Statesman seem TO regard it as
their special mission to throw around the
public mind-disperse as the dew before
the sun--and on which alone we base
our hope of safety; return to the old
ways--the antigua ria, of our fathers;
our extrication from the tortuous wind
ings of that labarynth Of perplexi,ies and
uncertainties, in VIII CHI we have been
led by such blind guides as the States
man.
Yes! "brighty breaks the morning."
The people have become sound upon
the subject of their monetary interests
1.-The sentiment is almost universal, that
the monstrocity of the legislation of one
age binding up. and lettering the legisla-
ton Of all coming ages. ought at once
10 Re discarded, together with those who
advocate il.
Yes sir! We say 10 Mr.. Statesman,
and all others Of that ilk, that we are on
the eve of an uprising Of the Masses
we can hear them now-".he footsteps
Of coming Millions" and that your pro-
hibi.ory clauses-your chains and fe.-
ters with which you have heretofore
bound and retarded the free progress
and the enterprise of this State, will be
removed by this giant arm of the people;
and that those who have the temerity TO
attempt to prop them up. will only be
buried beneath their ruins.
Give us Banks, say the People in Ian
gnage plain and Ineligible to those tina.
have ears TO hear them-not Wings a.
lone, who have always said so, but Bank
Democrats--of whom there are not
few. Let us have Banks, say the PEG.
ple--the curses of the system, if curses
il have, we must be subjected to-le, us
then have the blessings-lhe antidose
with the poison. Let Us create our own
Banks; control them ourselves; enjoy the |
profits OF them ourselves; and not per-
petGally use the paper of foreign Banks, |
under the control of foreign laws and for |
eign capitalists; and the large profits of
which 60 abroad to enrich other States.
and TO impoverish our own. lie. us
use our own capital and the capital tina.
will be brought here from abroad if we
will open the door, as the basis of our
own circulating medium, always under
the control of those we know, and in
whose ability, business capacity and in