The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1854-10-06
! Prom the statesmnn q Demonrnt.

A - FfOm JUG DbUtfsHlhU oL OSEUOCfNIs
The Rag BarOns VS.. the Queen City
Combination between ihe R0iIen
Ranks Of indiana and the Indiana
Railroad Companies.
The wild cat rag factories Of Indiana.
as we see by the Gazette, continue their
threats of war against Cincinnati, be-
cause the brokers and business men Of
that city bavesbeen in the habit Of ma
king distinction between their rags and
money. Il has been resolved TO put dorm
Cincinnati, because of the coptumacous
obsiinacy evinced by her business men,
in estimating Indiana shin-plasters al
something like their cash value, and il is
resolved 10 put up Louisville, because Of
the Iiberaliiy manifested BY her business
men in,reeatdlng Indiana bank paper as
money. Now we confess 10 a want Of
sympathy with the financial policy and
opinions nfcertain interests Of Cincinnn,i,
relating 10 matters of taxation, bu, in this
threatened shinsplasier bombardmeni, we
would DOT hesitate to enlist 10 her sery.
ice, If we ihoaehi she required foreign
aid. We are Of the opinion, however,
lha, the Indiana, brakers will have other
employment than in demolishing Cncin-
oa'i Snd building up Louisvil'e. If they
had the means 10 execute their threats,
and had any dispotion TO do an honest
business, they would "noi fire with indig-
nalion," at all parties, who, for good and
sufficient reason, prefer the coin 10 their
paper. The fact is, wild cat gentlemen
have something like correct apprecia-
ton of their own rags, and do not regard
them as equivalen, to specie by an i'm
mcnse per cent. One Of them writing TO
an Ohio wspsper the other day, com
iplained that gold and silver commanded
an alarming premium in the 3Hoosier
Slate! Rags aud lamb-black. have be-
came the standa'd Of value in lndiana,
aud coin is naturally enough, driven from
the channels Of circulation.
But the S,.Louis Democrat makes and
PROVES The charge TO the effect TINT the
banks and railroads had combined to pre-
vent the express companies from carry
ing back the notes which they issue 10
their respective banks for redemption
-"This wasJaffirmed by US upon good aus
thoriiy, and when we saw the truth Of the
statement questioned in the Journal, we
took occasion 10 verify it, and found, il
10 be exactly as we had represented"
The Democrat thus presents its speci-.
fications:
s'ln other words the banks and ihe rail
Toads in Indiana have united in an ar>
rangement, whereby the express compa-
nes will be denied their present privi>
leges on3ihe roads if any of their agents
shalltranspoH Indiana currency in order
10 have the same caShed. This too is
not limited TO the meie conveyance over
the ra;lrcsdsin that State; but even ifthe
express companies should send such pack
ages OF money by one of their own prl..
vate conveyances 10 Terre Haute, or oth-
er points of redemption. then upon the
fact becoming known they will be denied
the use Of the Indiana railroads altogeth>
ef unless they travel as private persons.
Such is the ipiguItous combinations to
which we alluded. and the, public may
rely implicitly upon the truth Of the state
ment. Application was made so late as
Saturday lsst, 10 one of the express offs
GERS in 81. Louis for the conveyanco OF
money to Tere Haute, and they declin,
ed 10 do SO, stating az a reason, that If
they did, their agents. wonld bs excluded
from, the lines OF The Indiana railronds.-
This will be c6nftmsd also by every bros
ker in 81, Louis, none of whom can get
packages of notes f9rwarded.e #
Now, how can any sane man regard a
system which is compelled 10 form such
extraordinary combinations, and tesGr'
10 such fraudulent means 10 ptolorg its
existe nee ,'otlrerwise ihan as rotten to The
core?, No one could ;reqhire stronger
evidence that the system is designed by
lis managers as siupendious swndle,
than thai furnished by facts like those
discIosed,by The Democrat Butin spite
Of this enlbarga. ibe wild Gals are daily
being driven mack 10 their native fas'nes>
ses in the wilderness towns of indiana,
and those that remain in circulation are
duly depfeciaiihg,
The Ohio small note law, in aneieipa.
ton Of It's going into effect in a few days,
is gradually restoring our own, currency
10 state. ofhea!tb, and purgng il of the
Infection and dilution infused into il by
lhA Indiana bankers. That a crash will
come, appears 10 -ns inevitable. If the
combination Of the banks aad railroads
could eIecta Chinese wall around the
boariers Of this, State, high enough 10 es-
tablish an effec,uaI nonintorcourse with
the people ofo;iler States, il wonld mol
sayel,hesysten from the speedy dislpc,
lipn ,iha, awaits il, ssy. - II, a.
The banks had better avail themselves
of,he power given ,hem by their chatac>
iers, and suspend at once, than fssorttd
such miserable shifts TO keep saoai. Il
omounis 10 am actual Suspension, and
will beso regarded by the ipseiheen i,pub
llic. The certificates Of 1he, solyeney o.