The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1856-01-14
CHICAGO MONEY MARKET.
dairy DESocsArtc Pass q.

DAIRY U1AoGE ATIC pHEss SfsEGk,g
SaIrRDAr EvESsS. Jan s..
Las week We noticed the fact that paper sgDsi
BY over hundred Chicago meseaants, reques ling
cor BANKERS 70 ilsow out all Georgia currency slier
HE 18th 81 January lad beck published and that
tAtee out swes,. i've bank had dstermined
~ S0mpl, Win lac ss4aess Tails morning circular
as published IN lae PRssssigasd b. larger hum-
Der OF ereh&nls and heavy business men deprscst-
ins the upoG principal tankers and concur
..ng gase rally With the views We have 70 oflen
pressed. AnoHS oiAsE i-ing, ihe5 say:
..The Guier, gnsd decided ~ opposed The "a.
Yideas sought % be made By of our
newspapers sad brokers Egsisst The issuss Of the
5spks OF Ehs state OF George tas oils Of which We
have become f. niiiar with, the Of which We
are acquainted with and the security OF many oil which
ne are perfectly satisfied with he that Two OF
the Gsotgia Ranks have stood 2contnuous run four
months more, aud nave redeemed hsif million per
month OF their ssuesin gold sud s;fer has increased
confioaes In these bsI Ks, aud The ability and
disposition Of stockholders 10 prompt! redeem all
ihelr issues. Ne shall, taeEsiore, eoptinac 10
ceise and pay gu, and give credit Georgs
money ihe same the bills of other States, So
ong thdy are redeemed il specie At thv
backs where issusd, anG advise others who are
ragsgeii IN busnsss 30 do tEssams until xfai seme.
dy csn be had oy amending our own Banking Law
Hers W. have the opinion imoro thau bgndsea
aisTchLais on sns one side sci opposite 10 aboutan
s4us nuiaber The other. We shall make no colo
parison OF hcslandl of lhe merchants on the one
sids or The other. Some Of our best ierchants and
largest deaiers eaa be foand or zach paper. The
result will be ihsl IL ossriy all of tue merchants
Nili continue 10 take Georgia money usual af,er
the lash Of january land the three banks which
sgnned their willingness 10 throw out, lit. limited
aIbssttnat. viii iske Is Of tArir easto~ers for eel
!rstisd. 1ht, ~lI be very eoaseHient~ay to say.
lheireonstracy which in banking a. In other secs
il precious ..jessl.r
lis well Tor the bushes. men of Chicago aud lhs
surrounding counr. 50 study th. subject carefully 10
ali It's relations. We Ia common with Thousands Of
others have deprecated ssthe war; simply asa choice
Of evils Assoon as the general Banking Law can be
ended that capitalists can do business under H.
our BANKERS Interested In the Georgia Bank swI
doubtless quietly Withdraw this currency and organise
under the Law. But suPposing that the efort-ss II
canuo be, should BE- successful before the banking
can be smended, and the brokers should drive out
Georgia etrreaoylt change the character Of the
mercantile business Of cnieaso materially.
The advantages TO our merchant. already derived By
me uss OF Georgia ncy, In ae above Ia.
dicaied have been iucsleuisole Yet msuy respecis-
ols dealers no. 20 understand whence has com
tneir prosperity.
Few Rnafsr between, comparatively have been ths
accommodations grsn,edio merchant, or any othel
class, By me banks of Illinois, whether Ia OF not o.
Chicago They are mere banks of issue. Their cir
cRlsticn sgsnersy Used 10 pay for their stocks de
posted (beesn.s started mairly without real capital
not 70 lend 10 the merchant mechanic other ciasse
of busiaess men and wien III operation TOO malay o
them have not vitality strength enough for sci
preservation say nothing Of tending money to others
Thsre merchants, real estate owners, and opers
tors produce dea iers, and mechanics in Chicago whs
have more interest In sustaining u currency OF cU
principal bankers than the sners Of those hanks