The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1852-03-11
THE GAZETTE.
FOR PRESIDENT,
WILLARD FILLMORE.
RossUTH TURNED BANKER.

KoSSUTH TURNED BANKER.
LocoEocoism, or sslfstyled Democracy,
assumes different phases 10 different States.
10 Ohio, We remember, ono Of its tenets
was hostility, open, bitter and implacab'e
hostility, To Banks. They we're the abom-
nations Of earlh--the plaques Of Egypt
were not circumstance 10 them. The
mosher Bank was monster, and State and
local Baaks were her offspring, rejecting
The aggravated evils Of The parent. For
eiensrs who had not made themselves &C.
quainted with our institutions, and Amerl-
cans who we're 90 intensely ignorant as
never 10 have learned the first principles
ofrovernment, blindly followed the leaders
Who made these denunciations, aud by
their combined Influence the Whig party
feil into the minority and the Legislature
was thorooghly democratic" Almost
the FIRST thing accomplished was the char
tering ola shoal Of petty Banks--the State
Vas flooded with notes, the issues Of these
Loccfoco institutions. The greater por-
ton Of them have aimee collapsed.
Bad a. was that feature Of selEstyled
Democracy, it has been initiated by the
Locofocos Of Illinois in the recent passage
Of General Banking Law, and Iowa Is
beginning to circulate some Of the notes Of
the Locofoco institutions that are springing
up through ito provisions.
Wor.e than all, the great Kossuih has
become medium for the manifestations OF
Locofocoism 10 this particular. He has
allowed bis name to be used and is lending
his influence to put 10 operation worse
system Of .promises to payn than ever yc,
has been conceived by the combined agen.
cy Of tho two parties. Even the respecta-
BILE presses Of the Locofoco party are con.
demning the use their leaders are making
Of The influence they have obtained over
Kossuih. Notes have been engraved from
81. to 500. signed by NJ. Kossuih, prom
ising to pay the respective amounts npon
Hungary achieving her Independence
These beautiful specimens Of LocofocoI
banking viii soon find their proper level 10
the money market.
Kossuih alluded to this batch Of worth
less issues in bis speech At Cleveland, and
stated that they surely would be redeemed,
that Hungary once free, the revenue would
b. increased and the loan cancelled in 9
year. Now, il il well known that notes
70 The amour, Of many millions Of dollars
ere outstanding in Hungary, issued BY
kossuih, which he is bound 10 honor to re.
deem before he pays these. The money,
20 fast AZ received, is placed in kossuth's
bands to be used as he desires. Is il TO be
presumed thai the Hungarian government,
il 10 be responsible for every action that
this unauthorized individual does in her
name! lfanybody has anything to give
Tor Hungarian independence let them give
il. but do not let the Locofoco leaders, using
Kossuih as their agent, cheat the people
BY such systematic scheme of 'promises
to pays is here developed. The follow
Jog paragraph is from The National Demo
crat, the organ Of Tammany Hail, and hilh-
erto strong Kossuth paper:--
1--WE have thought well Of Kossuth, and par
iieulsrly Of the Hungarian cause, for which Kos
suth 80 nobly struggled. But we very much
question the propriety Of the smai-note business
10 which he is engaged These notes are engrav.
ed from one dollar up to hundred, and have
Kossuth's autograph signature upon them. If
any one is induced to give money to aid the cause
Of Hungary let him do SO. But this shinplaster
business looks like humbug. They never will
be redeemed. Kossuth has more notes out in
Hungary already than he can redeem. The
Times asserts that hundreds OF thousands OF these
notes will be bought l, is pretended that Kos
suth will purchase arms with the money be gets.
We don't believe word Of this. But whoever
wishes to give him money, we hope they may
do so-not purchase pictures VIII oh hold out
promise of redemption. This is sheer nonsense.
and we are surprised that Kossuth has been
drawn into il. These sbinplasters are disgrace