The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1855-09-22
Has the Atlanta Bank Failed 4,

This question is asked by the Chicago
Tribune in view of the following facts. A
few weeks ago it was announced that the
Galena and Mineral Point Banks had collec.
ted some three or four hundred thousand
dollars Of the bills Of the Atlanta Bank, and
sent them for redemption. The bills arrived
safely, and at latest dates, instead of hand
ing over "the hard" like honorable men, the
officers Of the bank at Atlanta were paying
over sloriy in gold dollars, At the rate at
which they were handed over it would take
at least a month or two to count out enough
to meet the draft. On this the YrtJUHc for
chilly remarks; "Whcn it is remembered
that but Il little more than half a million of
dollars in this wild cat paper have been pre-,
scented, that the whole circulation is not less
than 'uo millions, and that these concerns
already show such indubitable signs Of
weakness, tho confidence of the note hold
crs in Illinois, in the goodness of the paper
in their hands will be sha&cn, if not wholly
destroyed"
The object Of this shutlling for delay was
clearly TO gain time TO receive rcinforce'
mcnt of funds from New York, But will
they Gomez
And if Smith, the king Of the Georgia
wild cats, who has gone successfully through
so many storms, is now lettering, what
chance is therc-hat the rest of these Georgia
concerns will breast the gale: To let our
readers know the extent of this Georgia
wildcat evil, we give the following extract
from a nervous article on the subject in
"No1rOes Journal Of Faance," an excel.
lent work published in New York:
Merchants and business men of the West,
we ask you in all candor, to tell us how
much of the Georgia Country Bank paper
you have in your midst? and how its rcdCmp-
ton is secured: and who are the response
bic parties connected herewith Perhaps
you do not know; if not your want of infor
nation shows an indiscrcct indifference to
your own interests. We will tell you. In
the first place there is the "iHdutu BlWk,'
owned and controlled by one George Smith,
Of Chicago, the circulation of which is near
100000. Then comes the anterior B,mk"
which is owned and controlled by the same
enterpriSing gentleman with a circulation
of near $500, 900 then follows in the wake
Of these very detachable institutions the
"Nerch0Hts link of Macon" owned and
controlled by H. \. Tucker Il Co., Of Chica-
20, a few shares belonging to the Cashier
and President who are honorable men, but
whose judgement must yield to that of the
main proprictors. It's circulation is near
5000 900. The next shop is tho "ChcrOLte
BdhkiHy and Insurance Co.," owned and
controlled by ID. Boon, Of Chicago, H. It's
circulation is near $3.50 900. Then comes
the Manufacturers amt .NtchdHicS RWk,"
at Columbus, owned and controlled by Mann,
Osborn 4 Co., Of Rock Island Its circula-
ton is ncsr $4,000 The "La9raDge
BdHE comes next, owned and controlled by
l. II. Birch & Co., Chicago. Its circulation
is near $50, GOO. The last one on the list is
the "PlawterS' amt NcchoEics BaHk, of bal
ton" owned and controlled by c. Il. Kibbc,
Of Warren, Ohio. lis circulation is near
$4,000. Here is circulation Of bank
rags,thc principal part Of which is in the
Western and Northwestern States, amount
ing to (S2,4Oj, 0OO) two million four hundred
aud five thousand dollars, all Of which is Sc
cured by what, and by whom? Are they
secured by the men whose names are attach.
ed ? and if so, are they sufficiently RESPONSE
Die for the amount to the millions Of people
who are expected to rest upon them their iu.
turc prospects and present property? In
strictly financial SENSE we say most cmphat-
icaliy,ro! Then, what should be done if
these men are not held responsible for this
immense amount of money? Business men
Of the West, answer this question by your
own acts, and do not let time and crcum-
stances answer it for you, for woe be unto
you if you do!