Weekly hawk-eye and telegraph. [volume] (Burlington, Iowa) 1855-1857, 1855-11-07
From lbs Gate CITY
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The lcadrrs al the !.oeofoco party in Iowa
few yesr. ago we're accustamed 10 stuf
all fleir platforms with turrid resolutions
against BANKING. Their STUMP sprakefs
fairly sriit their lungs With their vehement
denanciaiions OF rsr money. ra- mills, and
rag barons. and sh.y never faiied falsely to
charge that alitne Bank paper snd shinpias-
tefs IN the esuttfy was nsanufacfufed by
Whigs. And finally, in their patriotic ef.
forts to 7humbng the dear people Of lows.
they framed o constitution for the State
winch utterly prohibits Basking within the
limits Of Iowa
Having thus succeeded In driviag ont
Banking capital fromtte Stste, Asnumber Of
thess HEADERS Immediately enkaged IN the
shaving business, and our State was shingled
over with placards eunanating from Locofoco
oikeo holders, announcing HEM. Williams
Co.. Bankers &C., The Banking House
OF Green, Weare & Benton, Coolbaugh /
Brooks, and score or two more OF less
prominent establishments under the direction
of the Bank hating Locofoco leaders.
For few years past, these gentlemen who
had succeeded in excluding Banks from
Iowa, have made money very rapidly BY CIR
culating the wildcat currency of other Sta es,
Having thus increased their capital and en-
la-ged theft facilities, they now inspire to q
wider field of operation, and are ambitious
to emulate George Smith and other specula-
tors in the production of wildcat paper. To
this end, taking hint from the Missouri
borderers. they have invaded Nebraska. ADD
established agrand marine insurance shin
plaster manufactory al Omaha City. The
concern seems now to be in full blast, and
almost the entire corps Of Locofoco editors
Of the State of Iowa, have been subsidized
TO puff it into public favor, and give it circu-
lation in our State. If they succeed, We shall
only have got rid of the wildcat money o.
Georgia, to make room for the infinitely
worse stuff emanating frpm Nebraska
Worse, we say, because it is issued by men Of
very small cash capital, and of very limited
experience in Banking, and cannot of course
be made current further east 1t must,
therefore, be local shinplassef currency,
deriving all its value as such from the fact
that the Iowa Locofpco Bankers, who have
established the concern in partnership, in
Nebraska, agree to receive its paper at par,
at their separate Banking Houses in Iowa.
1t strikes Us as very suggestive, not to say
ominous, that the circular of this Omaha
Banking establishment of the Locofoco lend.
ers should appear in the Locofoco papers of
Iowa, endorsed by the laudation of the Lo.
cofoc editors right upon the heels of the late
office holders Convention. When We remem-
ber that there is no election pending and that
there was no nominations to be made and
nothing indeed to be done by the party in
State Convention, and, indeed, nothing of
public character really was done by the Con-
vention. And when we note the further fact
that the great Interchangeable Locofoco party,
then and there assembled in State Conven-
ton, in laying down their platform utterly
omitted the plank against Banking, it re-
quires no remarkable sagacity, to infer that
one object of holding he Convention at this
time WAS to give said and comfort" to the
Omaha Bank, owned and operated BY the
Locofoco Bankers of Iowa. There is of
course strong sympathy between the Office
holders Of the Locofoco party which would
incline them "eo stick together like thieves -
besides if they can make Omaha shinpas-
tiers current, they will be enabled TO use any
amount of them to carry on their election
eeri"g, and pay for the extensive operations
laid down in the programme by the Conven-
tion. One other, and probably, the only
other object of the assembling Of the Loco
foco office holders and editors at Fort Des
Moines. was that they might all he on the
ground to inspect the Tract of Land which
Col. Walker and others have psrcelled out
amongst them in order to secure their in
huence in locating the capital on the east side
of the river. r@& T-,sig