The miners' express. (Dubuque, Iowa) 1849-1854, 1854-10-18

] lows I'LL u, ~ 4 10 drc>iv~ h;l3rrn Of ord,-
nary c,pacy What the ingenuity o. man
has failed Tins Ear - accomplish, i scarcely 10
b" h"r 8 = from any Jrgis'-sure Of Io"'a.
! agn:n he Gazette Ieabark-.
! ut is estima'.d shys M. leS< than from two
T. t'r-r hundred ,bonsand dollars nre annually
lost '" "U Sis's in poym-nt to brokers and
r"ptatsts FIR The Of This ms cure currency.
All OF which arsn~s strongly in favor o. the es-
sa'hshnfrnt NJ HUME banks. nj an ame D'3ment nf
the Stat' Constitntinn, M hat ,he ci,izens nf
Iowa may rralixe mot "nl, TIE pr"fi's hst The nd.
v"h''g and the security nf soun dn,nrsiic
paper currency"
| The logic e The Gazette is again at fsulr-
| Legislation is designed for the benefit Of The
re"p'r, and that system Of legislation. which
VII confer he hrees, b. nrlit rpen the larqes.
nnm' e. { people, Is Of course, the best that
| ga" he had Nv. there is no system of ank-i
ing but What j. ,ax spon the great mass of
The "pe, ,,e benefit a few moneyed men; and
It makes little itEsfence to thu mass, whc,hex
this fNo, or Mrrc hundred thousand doffars
goes into the packets Of Eareign. or domestic
sha'per'. he burden mus, be sl,nuldered, the
tax must be paid, and whether it's used by
foreign banks TO increase their issues among us,
or by home banks I" increase their foreign Is
sies, nal krs prrci. MS Iit'e difference To those
VII" have The tax To pay The sys'eu is a
'"d'cai evil, tax upon the industry Of a cnun-
Try, and the less We have of l., the better
or he country at large. se-
We cantsll the Caz.i,e a b. t.er war nf e,v-
ing manfy TO the p "p'e Of Iowa, tlan by er-.-
ahi'sh;ng oanks II is 10 do s-ny sth an
"sory laws, and SHOW foreign cap,,a. TO cc,ine
into the country, and receive ii. ma, ke, interest
value, without sn'jec,iny it 10 cnpfisca,ion ior
school and ether charitable pnrp Money
Ike every thing else, is g"v.rneot, tho laws of
demand aud supply. if scases, !, will com
nfand ready borrower AID high intrrc-,, Ii
plenty, u viii. rrm,ain unemployed, anl~cs !. low
rates. Win n money is scarce and c.annan,isa a
high premium, II s sure IL fEd its way 10 sucl, 81
point, II has an argns eye, and never over.
looks go"d opportunity. Abolish your ,sury
laws, ana s.ch IN increase OF capital wnnh!
speedily How into the State, as would rrdnc.
he interest upon money To such an extent, ast,
he Gazrtte claims for sys:em OF home bank
ng For it will be borne in mind, that, what
.vrr money is W. rih in the market, it will rr-
'eive wi'hoe' regard to the strpgency of Iegis-.
alton. For the last Two yeas we hare had x
aw in this S,a.e commanding men, under strin-
.ent penalties, not 10 take m"re than ten per
ent per annuin for the use Of money, and yet
vc venture 10 say, that there has not been one
olar in a thousand loaned in this city at SO
DIV rate. Fifteen, twenty and twenty five and
hirtJ per cent, according to the fluctuations o.
he market, have been the customary rates -
ut your energies TO work, Mr.. Gazette, to
emedy this crying evil, and you will confer a
'nch greater benefit upon the people d. .Jows.
nan by retailing cheap editoyial t,e.h about
ne beauties OF asystem Of banking in Iowa.