The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-11-25

The sank Qaesst~n.
There 10 perhaps no question Ia which the
great mass of cur business community are 90
deeply interested at the present time. a. that
of the currency of the country. The evils
growing out Of the general arrangement Of
the currency, appear at present to Pervade
nearly the entire Union, and no class, from
the hot.carrier to the rich banker and mil.
lionaire, are exempt from incouvenience and
embarrassment necessarily flowing from the
uncertain and huctuating value of our circu-
lating medium.
This great monetary disease, at first local,
soon became an alarming epidemic, and will
no doubt be found in the end to be organic
in the creation and regulatian Of the various
banking systems now in operation.
The theory of the recently adopted bank
ing sy stems under the Statutes Of Ohio, In.
diana and Illinois. may be In the main, sound
and suitable to the purposes Of it, creation
that of furnishing for oil practical purposes,
q staple currency which experience has
shown to be the great controlling influence
in our commercial intercourse. These sys-
tens, with slight mepdn,ents, might answer
satisfactorily the wants Of farmers. mer.
chants, mechanics and laborers, and thus sc-
complish great public good. But the cur.
rency which they produce 10 At present the
greatest article Of speculation known In our
markets. The Banks organized under these
systems are infested with Q horde Of Shy
locks and currency pests, who earn not
dollar except BY dsparaging the currency
which the honest laborer, merchant and me.
chanic, may have in possession and comPell-
ed to pay out for the necessaries Of life or
trade, at the sacrifice fixed by the csllous
knaves called Brokers. These notorious
pests have no occasion to use banks in any
legitimate manner. They do not borrow OF
pay out dollar for commercial purposes.
The chief occupation Of these combined
scourges upon our currency, is the disparage.
ment of the issues OF the Banks Of one State
in that of another. that they may crafty
their own insatiste nav, and even that q,
the expense Of the laboring producer or the
widow and orphan, who may have been de-
coyed BY Aattering Inducements to deposi
their scanty rewards for years of toll, only
TO be swallowed up in rsscalIy failure. or [
viIlsinous disqualification.
The present seems to % to be highl,
propitious time foe . deliberate discussion o
the imperfections Of cur banking systems. !
any really exist, and also 70 consider thu
grievances under which our solvent aud vel
conducted banks are oil suffering.
About the confused and deprecated con
dition Of great portion Of our currency nov
In circulation, our readers have heard sufi
, cient; an effectual aud permanent remedy
now the thing most anxiousIy looked for.-
lis very evident from the experience Of tn
past few months, that no system of Banking
no natter how perfect It's organization. Q
however ample its securities. will be exemr
from very serious annoyance, and their Gu.
toners subjected to very great inconven
ence, 20 long % these earpet-bcg voIucs AZ
permitted to itinerate the country. and how
across their counters for coin. Not unit
these nuisances are abated will an accom-
modating and stable currency be restored.