The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1856-01-15
CHICAGO MONEY MARKET.

Daily DEaoCakTiC Pass OsrIcE,l
SA9rspAs EVENING, Ian ).
last wreA " & noticed lhs net that pa per sisntd
Is, over Aundrvd chicago merchants. rcques ling
or bank to throw oat att Georgia currency aner
~ lJta VI January had beer published ana that
Irec of wenty nse Of The bank had determined
l5es4ub!ywith tue fodae.i. This morning circular
wa. published IN The PEasssignei by larger num-
Der me rei4nts aud heavy business depreeal-
leg the upvn our principal bankers, ana concur
< geaetaiiy with he view. have Oxen ca
sra..ed. Among olhsr things 1he, say:
The uaderslgned are decidedly opposed s. lue in-
,s!ous sinellngs Aoaght 10 be " ofUur
nua slapers and brokers against the issues of It's
5.4As Oh the stsIe OF teo,s ia, the bills OF which
hure become suiilisr with, the owners VI which
acquainted with, nd the security OF many whr
perfect! SATISFIED wiki. lie .ct Thai two %.
III iStJrgia t.4ks have sgooI caaIHl1u run tsur
ains or Llorc ana aaN Feieeneda hsii million per
OF the ISSUES IN god aud stsc iBs Increased
or confidence Ia Ihesc oat he. Aud The Aph'y and
disposition oi STOCK hui'ter. 10 pfsmpIl re'sevm all
,Aeir tesues. Ne STALL tLefeIuEe. cohLluuc 20 re-
ceiSe and pa. oa' use and give credit 10 Georgia
money, tho tue bs OF other States,
long thcy redeemed III specie Ill III,
tteks where issued, aud we advise otners who
e<4g II business d. the until fan rene
- eai DC had ~ 40 tniihs our own hinAtHs Law.
here W. have the opiuion imore lAan hundred
Hlsrrhan,s the ohe SIDE set opposite TO about
sgaal number On !be other. We shall iaaS Ike
i,srison " nc stsndif Of the merchants the
.4e Or The other. Some Of our best lerciauls and
Isfgsst dealers he found zach paper. The
EsuI will be that H. nearly all OF the merchants
/" Ill costume 10 take Georgia money usua after
the i5sh Vi .nAusr. sad the three banks which Ia
snird ther willingness. 10 throw 1t out, lis hinlgd
il She street, will take Of hrir .astoasrs far col
!setiSi. Thu will .bs very Convenient way to
their consistency, which in banking ia other
- precious '.jswel.''
its we'll for the business men OF Chicago aud the
surrounding country to study this beet carefully in
all it. relations. We in common with thousands OF
o.aers have deprecated sthe war; simply as choice
of evils. Assooa as the general Banking Law be
4Aended that capitalists do business under it,
carLanker. interested in The Georgia Bank s~ i'll
doubtless quietly withdraw this currency and organis Sc
under the law Blu, -upposng that The eror,-as it
cannot be- should be successful before the banking Law
can be amended, and she brokers should drive out
Georgia curreneyt would change the character Of the
mercantile business ef Chicago materially.
The sd antages rchahts already derived by
the uss of Georgia currency, in the manner above in
iiested have been inesleulable. Yet many respecla
bic dealers not 10 understand whence has eomt
! their prosperity.
Few and far between, comparatively have been %,
accommodations granted to merchants or any othe
| class, by the banks OF Illinois, whether ia or not o
! Chicago They mere banks Of issue. Their cir
culs,ion generally used TO pay for their stock,
posted because started naEiy without real capital
not 10 lend to The merchant mechanic other elas.e
Of business men, and wnen in operation too many .
them have vitality strength enough for SCI
preservation a.. nothing OF lending money others
There Ets1A4at., real estate owners, and opera
tors, produce iaafs aui mechanics, Ia Chicago WIN
have more irlrF--l ia sustaining thecarrency OF Gu
principal bankers yaE Toe u those bank