Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1854-11-28
SATURDAY, NOV. 25,ls54.
FINANCIAL.

conflict with that of MesSrs. Mckubin 4 Edgerton.
As thisis time in which much excitement pre-
walls in all the departments of finance, we deem
it our duty to speak out whenever we think we
can advance the public good by SO doing. With
a view therefore to- the dissemination of correct
information, we have conversed with several of
our prominent business men. They say that with
the guarantee of Messrs. b. & O., they feel quite
as safe in taking Atlanta as any other currency
For ourselves, We regard all banks as being more
or less unsafe, whether secured by State stock or
not. Some have been of the opinion, that
pledge of stock was an adequate security to the
bill holder. The Free or Stock Banks of Indiana,
have taught the people different lesson. The
Dubuque Herald, in its issue of the Goth instant,
speaking of the Illinois banks, says:
s'THE SUSPENDED BANKS OF ILLlNoIs.-The Off
GERS of most if not of all tho suspended Banks
of Illinois have published statements to the pab
lie in which they promise to resume the redemption
of their promises to pay at an early day. This
is right far as it goes, but it is meant rs much
for suspension Of public suspicion and for
draft upon public credulty and confidence us it is
to calm the fears of present bill holders. There
is not bank in Illinois that can pay whit it has
promised, and last day afterwards; not one, and
the sooner the public act upon this presumption,
the better. Trust none Of them, no matter what
their officers may say"
Now we say that banks we'll conducted and re-
sricted to their legitimate business, give increased
energy to commerce and thereby do much good.
On the other hand, if badly conducted by incom-
petent, irresponsible or wicked men, they are but
Il curse. Place the assets of the Sto * Banks of
Indiana under the hammer at this period of panic,
and what would become of the bill holders ?
What roor man can afford to wait without a
shelter to protect his wife and little ones from the
pelting blasts of an angry heaven? or when he
SEES the last faggot upon his little fire, or hears
his furnishing children weep for brcad-can he
wait for better times? We arc no fnanciers, yet
we have examined this subject with some care,
and are satisfied that more depends upon the men
who conduct our finances, than upon the system
under which they operate.
| LITERARY ASSOCIATIONS.
We are advocates for the cultivation of Il pure
literary taste in community, and intend to
try our utmost to interest our fellow citizens in
such cause. In conversation a few years ago,
with one of New lork's soundest jurists, and
most upright men, when allusion was made to the
sources of amusements which every community
held within itself, he remarked: s'Seek to elevate
the literary taste form debating societies-call
upon your best citizens to lecture for you-get
your young men into those peaceful controversies,
that will demand research and excite emulation,
and you will not lack amusement, for while the
speakers are rewarded with the new interest their
study creates in themselves, the listeners are won
to an equl interest by the ideas developed, and
you will soon find a new element in your new
world" We have followed the advice of the
Judge, in so far that we have Literary Associa-
ton formed, in which may be developed all the
rest recommended. We have from time to time,
presented the fact of the existence of such an As
ISOLATION to our readers, and we are pleased to
know that remarks have attracted considera-
BILE attention and that there will, this winter be a
fattering addition to the number of its members
Soon, subjects for debate will be advanced, and
we look confidently to this society for many pleas
ant hours of intellectual amusement during the
coming winter. Some Of our most talented men,
will doubtless be engaged to lecture before the
Association. We hope that the interest will be-
come more widely spread, for it is really sub
ject worthy attention. AS we have previously
mentioned, the Pioneer proposes the establish
ment of a Public Library IRE submit that that
enterprise might be grated into the one now ex-
listing, with advantage to both, while separate
organization mi ht not attain a healthy state
LUDICRoUs 1T may be interesting to outsiders
who have taken any interest in the great Mime
sofa Railroad Swindle ESQ calcd) to know, that
one of the agents of the New York diSnterestcd
Railroad Company, has cut scrub oak some
where in Minnesota, on one of the quarter Sec
tions claimed by said Co., and Uncle Sam has
captured him and the poor fellow is to be :'put
through for the riet aranis 1t is somewhat sim
guar that hundreds of men who have been guilty
Of telling trees on the public lands, should escape
punishment, while this victim should so uncere-
moniousy fall under the ban of the Government.
But then this is great country, and he who de-
sires to become acquainted with it's peculiarities,
should get up early in the morning.
CT The Pioneer wishes to know why we did
not have the magnanimity to tell our readers the
reason for its not having tears to shed over the
late elections and then assigns as the reason TINT
the Wings are incompetent to rule and that the
Democracy will soon seize the rcins of govern
ment BOsk, neiehbor, bosk You know BETTER
The country was never in better condition than
when Il. Taylor was at its head: never better than
when Willard Fillmore occupied the Presidential
chair, and never in n divided state than I'M
der the control of Franklin Pierce, the quintcs-
cence of Democracy! The old machine is out of
orderly again!
CO 1t will be observed by dispatch from ST.
Louis, of the 10th, that the Brokers of that place
advertise to take all the Illinois State Stock Sc
cured bills. This course will tend greatly to re-
store confidence among all classes.
c writer in the Chicago Tribune, who ap-
pears to understand financial matters states that
the banking system of Illinois can only be i'm
proved by increasing the rate of interest to ten
per cent, thereby inviting capital to come among
them.
| Cy The entire Anti Nebraska vote at the late
election, in Stephen Douglas district, was
1885. The entire force Of the regular Democrat
ic party, was $500, leaving vote of $685. against
Mr.. Douglas favorite measure. This is what we
call letting 6 the people rulc.''
CO dispatch from New Orleans of the 18th,
states that the weather is quite cold and that the
fever has nearly disappeared. But SO deaths
had taken place. A later dispatch says the