Daily Davenport gazette. [volume] (Davenport, Iowa) 1854-1855, 1855-10-20
DAxies Ann sglnxxcy.

z vU2I ~ eSeASs SSsSsss - AssS.
DAx4s Ann eglnxxcx.
The DIALOGUE Express ssi Hers1 speak
iae Of George Bsnks. ssys.--
"a saeas. hal people will continue 70
- eoa9dence in Bank promises, notwith-
snA1i6R the many losscs TO which Banks
hovs subjected them, from time 10 time.
Il wss oAly : rear snce, If il 10 quite 30
loae age, that this community, in common
Win the people Of the Western States, saf-
lesed s.ieviously from the suspension Of
most 81 the Il.inois and other Banks, yet,
- sooAer did the BaGks set their affairs in
peopor shape 10 commence operations anew
shaa the people submitted tsmely 70 be
again swisdled out Of their property"
W should like TO know how the people
u Iswa could Go otherwise. Uu,i, within
syesr past thia State has been governed
b. he hard.money section cfths Democra-
g. bet that party has never attempted to
present the circulation here Of the bank
soses Of other States, and any such s,;erps
would have been % foolish as frri,lcss. All
The other Sta,es, including those which ase
the most radically Lscefoco. have banking
systens ID c.erstion. and 10 Incorporating
iato eur State Constitution the hard money
hunbag Of Col. Beaten. the ~iseseres who
prssided over the construction OF tina, in
suunent. while they eEee,ually prevented
shs people Of Iowa from being benefited BY
banking system under the con,ro! and
supervision Of their own representatives.,
placed them completely ct The mercy Of
brokers and money spectators. and forced
shem to hs the willing or unwilling receivers
o. any kind Of currency that may be doa,-
ing on the uncertain waves of financial
opeYaiions. If it had been the fixed pur-
pose Of the trainers of cur State Consti'a.
tioa to fssten upon iowa the worst possible
currency, thry could no, have succeeded
more completely. Any body can nov see
the fact, thss the provision in the eons,i'u.
ten against banking has not had the very
slightest influence in diminishing Ne
amount Of paper circulation, or In increas-
ing the amoun, of gold and sil,er. !, would
have required but Little ssgaei.y to have
ioretold this result from the hrst, bu, unfor-
tunafely for the interests of the State, the
harj-moasy folly happened then 10 be =
prevalent idea with certain not orerwise
leaders. and they determined to try the ex-
pertinent. The result 10 well known. Our
business nen, mechanics and farmers have
bssn obliged to take the leas. desirabls
portiens OF the bank issues Of other States,
which they know bu, little about, which
have generally been clouded by suspicion,
and which they consrive to keep as short
tiae ~ possible. This character of the
currency which We are forced 10 use, gives
. certsin degree Of feverishness 10 our bust
ness transactions. which 10 far from being
desirable, but which mus, continue as long
. the people of the State permit the exist
escs Of the present absurd aud anomalous
condition of their circulating medium. The
Csofgia money which forms so large
proportion OF our present circulation, may
be perfectly good, bu, the mere eircum-
stance Of the protected warfare of which it
II the subject, and the totally contradictory
stories which different parties tell concer n.
ing il. are veil cslealatei to cause distrust
and hesiiaacy. Our citizens. however, have
no choice in the matter. II Georgia money
we're entirely discredited. or if the people
Of Iowa unanimously determined not to use
Il. oil the probabilities, nay, the eertainties
ere that il would b. replaced BY another
batch Of foreign notes, no, viii, better,
subject 10 the same fluctuations, and pro.
duetise Of the same uncer,sinles AMI die.
sssisfactions.
70 yiew Of these undeaisble facts, We sub.
mi, 70 our readers If j, would no, be bet.
ter for the people Of Iowa TO hare bank
ing system Of their own; one which would
BE under the control Of their own re pre-
sensatives, and which would pay revenue
into their own treasury. The experiment,
Of L,eofoco legislation has resulted in q
most miserable abortion. Experience has
demonstrated what common sense foretold.
shas the stsempt TO exclude oil bank notes
from State in the situation OF Iowa, is an
act Of supreme folly; and II remains for the
people oil. lows to decide whether they will
have banking institutions Of their own. as
safe and reliable as those of Ohio and Mis-.
sour, or continue to submit 20 the imposi.
tons, inconveniences and losses. that are
the Lstural and necessary consequences Of
the pseseHt system.
A Southern gentiem,n, who has been
sarry ing At Cincinnati during the prevalence
OF the yellow fever at the South, writes US,
"0hio has gone for Chase! worked hard
for HE csnse, for ] now regard all other