Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1853-05-27

"BANK OF ATLANTA"-Few of our citi-
zens, we suppose, ever heard of such place
as Atlanta, little town away down IN Geor-
gia, previous to the first day of last April
about which time it was publicly announced
that Geo. Smith, of the Wisconsin Marine
and Fire Insurance company, had selected it
as the point for manufacturing paper curren-
cy for Chicago and the Northwest From
present appearances, there is no reason to
doubt that the public will soon become as IA
miliar with the names of the village as they
are with "household words" for we see that
the bills of the Bank of Atlanta" are being
scattered among us "as thick as leaves of Va
lambrosa," and the cry is "still they come
They have appeared suddenly among us like
swarm of black-birds in complaining sea
son, or locusts in dog-days; but whether the
comparison will hold good to the END" re-
mains to be seen. We are inclined to the
opinion that it will; for we see upon the APP
pearance of the bills of the said Bank of At
lanta," there is most remarkable disappear
ance Of the bills Of nearly all eastern banks,
and those here at home which are secured
by public stocks. Just as the corn which the
farmer lbs planted, disappears with the APP
pearance Of the black-birds, and vegetation
Of every description, with that of the locusts.
A short time ago the people Of this State gave
manifest evidence of JOY, when they thought
they had, by an act of their legislature, de
stroyed that great father of "wild cats" the
Wisconsin Marine and Fire Insurance Co, :;
but, like the dragon of old, its blood appears
to have produced an enemy ten times more
terrible,-the Bank of Atlanta"
Now. it is time that the business men of
Chicago, and the people of the State, look this
Bank of Atlanta" right in the face" take
the bull by the horns, lift sounds better-for
if it be permitted to succeed, within the next
two wears, there will not be a specie paying
bank in the State, and all of our financial
channels will be occupied with the wild cat"
brood. There is no mistaking this Money
spectators and wild cat operators will estab-
lish paper money manufactures in hundreds
of villages in the Southern STATS, which are
not accessible by anything better than mud
roads, and which, when reached, will be found
to contain all the machinery for making but
none of the metal for redeen1ing, these shin
plaster issues. 1t costs nothing to start such
a bank, which is not within the reach Of ev-
cry backlog and swindler in the country
Good banks, which expect to pay specie, cent
per cent, for their bills cannot compete with
such currency, any more than the legitimate
merchant, who pays for his goods, can com
pete with the dealer who steals them, or, what
amounts to the same thing, who buys them
on credit, never intending to pay for them.
What brought into existence and nurturcd
all of the wild CATS that a short time ago
threatened to eatup our substance, and which
would have done so, but for the prompt ac-
ton of the people and the legislature, but the
Wisconsin Marine and Fire Insurance Co!
Nothing They were the legitimate offspring
of that institution, and lived and died with it.
The "Bank of Atlanta" is no better. 1t is
worse; for, once establish such a principle of
banking, and within two years the whole coun-
try will be flooded with just such stuff by a
set of blacklegs and swindlers.-Sheldon's
North Bank Note Reporter.