Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1855-09-25


waukce Bankers.
We clip the following in relation to Georgia
money, from the Chicago Tribune:
Present indications are that the reign of the
Georgia bankers in this the North West, is draw
ing to close. From every quarter of the coun-
try We hear encouraging reports of the action OF
tho farmers, in refusing Georgia issues, no mat
ter by whom made, and the determination OF the
Illinois bankers to discourage the wildcat circu-
lation by all proper legitimate means; and we
have assurance also of undoubted reliability from
the parties engaged in the run, that they will not
cease to send the stuff home for the coin, rs fast
it is printed, signed, and put out.
About week ago gentleman from Galena
left here with nearly 100000 of Atlanta notes,
bound for Georgia and redemption. Before this
time Re has drawn the coin, if it was there to
draw, and is now probably on his way home.
More Important than the above is the late move
mcnt in Milwaukee, by which the legitimate bank
ers of that city pledge themselves to the public
and to each other, not to receive Georgia money
at their counters. We copy their announcement
below as we find it published tn the daily "Wis-
consin," of the 18th.
Whereas, Georgia and Tennessee money, has
been put in circulation in the State by various
parties who are supposed to be the individual
owners of the Banks from whence said money is
issued And whereas, the bill holder has no
ready means Of knowing the intrinsic value of
said circulation: And whereas, we have no COM
mercc or business connection with the district of
country from whence the said issues come, rem
dering 1t difficult to convert the same by sending
1t home; And whereas. by its circulation among
us it has the effect of diScouragins the increase
and circulation of Banking Capital under our
own banking law. well as the money of the
Eastern States with which we have IL direct COM
mercc: And whereas, the people OF the State
have had good deal of dislike of receiving cur
rcncy from SO distant part of the country be-
tween which and this there exists no natural bust
ness relations.
Therefore, The undersigned Banks and Bank
crs in Milwaukee hereby give notice that on and
after Monday the 18th inst, they will decline re-
ceivins the currency of Tennessee and Georgia
Banks.
Edward d. Holton, President Farmers and Mil
lcrs' Banks.
+. ID. Grecnleaf. Cashier, Peoples Bank.
u. w. Peckhan,, President Bank of Commerce.
NJ. s. Scott, Cashier State Bank of Wisconsin,.
Marshal n IIsley.
CD. Nash, President Bank of Milwaukee.
Milwaukee Sept. II, 1855.
The people of Wisconsin like the people Of H.
lnois, have been endeavoring to get into opera
ton safe, home banking system. The Legisla-
ture Of that State, like the Legislature of Illinois,
made all necessary laws for the qualification of
their wishes but the same obstacles exist there
as here, to prevent the good working of the plan
that has been adopted. Both States have been
flooded with the issues of George Smiths two
Georgia wildcat banks. and all employment of
banking capital in legitimate way has been dis
couraged, while the notes of solvent, specie pay
ing, Eastern institutions, that would naturally
seek circulation here, have been gathered up and
sent home. In spite of all they have done, the
Wisconsin people have no better currency than
have the people of Illinois, 1t is time that some
action was taken to put matters to rights, which
are sadly disjointcd.
Now is the time for the Illinois and Wisconsin
farmers to come in. Upon them the whole matter
rests. If they content to receive currency
that is not convertible, without great inconvc en-
fence and loss, into coin, in return for their
that have cost them blows and sweat, why, Geor-
gia currency will be good, until the general blow
up that sooner or later will come. Ii they want
to put it away and substitute something that can
be relied upon, through thick and thin-the notes
of our own stock-secured specie paying banks,
the condition of which is always known-now is
the time to do it. They have an abundance of
grain and out of debt; and if spectators un-
derstand that ATLANTA will not be received, they
can command just such money as the farmers will
take-gold if they insist upon it. What say tho
farmers.