Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1854-05-25
IOWA CURRENCY.

We are not certain that it ever enter
ca lrto the minds Of our readers general
w to suppose that Iowa had currency
Nevertheless a slight observation of tlls
mailer will satiafy even the dul!est tina
we have constitutional. legal and uni.
versally endorsed uniform. currency, one
which was contemplated and predicated
as The inevitable and natural result of our
Bank prohibiting constitution; one tina,
has been recognized as the genuine and
proper currency for Iowa by every Lo.
coioco Legislature which has been held
aimee the adoption of The constitution.
Curtis Bates reported an article of the
constitution expressly prohibiting the leg.
islature of Iowa from chartering bank.
ing institutions in the State, and the dom.
n.party adopted and sanctioned tina,
provision of the constitution, with the
luii assurance tina, our State would be
Hooded with bank paper, Of the wors,
character from other States. The Leg
lsiasure which has witnessed this evil
growing upon US from year to year. has
refused to provide for change of the
constitution in this respect, and forbidjng
the lniroduclion and circulation of the
bank paper of other States.
IL follows, then necessary, that the
currency with which the people of / wa
now do business, is the very currency,
provided for them by rahe constitution
and laws of Iowa, enacted and sustained
by the leaders of The Locofoco party.
Wh't then is The character of This cur.
rency, which is practically 10 all in,en,s
and proposes the chosen, constitutional
and legaized currency of The State OF
Iowa! Need we declare it unto YOU
fellow sufferers Of our humbug ridden
State! Are no, the greasy, ragged, IN
coulh, nondescrip,, shin plaster like bills
familiar TO your eyes?
Our currency, the pure and unadul,er.
ated currency Of Bates constitution al
proviso, and Of Iowa legislation, is made
up OF the refuse trash of all the States
OF the Union, with sprinkling OF good
bills to keep the bad in countenance.-
We have the notes of the timber stealing
companies of Maine circulating amongst
us IN harL onious concord with the Cot
ton Traders bank Of Alabama, Michigan
plankroads banks, aud Smiths shin.
plaster mandatory turn out abundant
supplies and good enough, too it would
seem for the good people Of iowa.
Look at the immense variety OF bills,
small bills, every one of them, nine
.enhs upon banks of which we know
nothing, and probably have never heard
even their names Many of these mere
specula'ives swindling traps. with no
other foundation upon which to base
public confidence than the local business
OF the man who manufactures lhem-and
all such likely to burst up wi,li,he first
unfavorable revolution in financial mat
lers.
Is this proper and prosperous con
dillon Of things for our young State!
Are the people SO grateful for Ibis kind
currency that they are determined to
reward the author and constitutional
provlder thereof, with The Governorship
uf the State! Will they thus endorse
his &C. and his principles and place him
in position where he can make this
condition of things perpetual in our
State! Or will the people, no, rather
express their condemnation Of this kind
Of currency and their dissatisfaction with
its continuance by letting Mr.. Bates re-.
main in private life to enjoy his laurels
and place man in the gubernatorial
chair who has progressed with the age.
who understands The wants of the peo.
pie, and is ready to cid them in carrying
their wishes into effect.
The crisis must soon come, and it be.
comes the people Of Iowa to make prep
aratioDs to meet the shock. Ten thou.
sand of these speckled and spotted. ring
streaked and striped, pieded and pieball.
ed concerns which supply the money of
Iowa must eventually go by the board,
and unless we shall inaugarate new
sys,em before that crash takes place. we
shall suffer great losses. and be subjected
to infinite Inconvenience and embarrass.
men,s.
The only remedy for these evils. pres
en-. and prospective. is 10 be found in a
prompt amendment OF the Constitution
and the establishment, of home Banks.
Iowa Banks. regulated and conducted
by Iowa Laws, whose character and
condition will be familiar to the people
Of Iowa, and at the same time guard
them from the evils and losses of an in.
flux of unknown and worthless foreign
Bank paper and shinplasters.
This is a matter of business, which
commends itself 10 the interests of every
voter in the State, and il becomes every
one, therefore, to consider it upon plain
practical business principles and reasons,
without admix,nre of clap trap or hum
bug.-Hailey Whig.
A T'riapulnDn Of Suprp Qrv