Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1857-10-28

We have had considerable 10 say in
the BaqEs about banks. Some of OIL
readers are satisfied with the positions
which We have taken, while others re.
gard them as "0ld Fogy." We'll, they
may be old fogy, as far as men are con-
earned lis said that "men change, but
principles never change" and this we
hold 10 be correct. Ii has become quite
fashionable with some Of our cotempo-
raEiss to refer to the acts of iLiustrious
mans ph0 lave passed from the stage Of
aetion, IS sxanples, and their speeches,
letter., writinga and sayings, have been
quoted as authority b sustain their Do
sitions. Following THAR example, we
take pleasure IA laying before our read
ers 8 letter written By the stEathaR of his
CountrY-Geogge Washin9ton, more
than seventy years ago, relasivsito the
banking question. This letter will show
che advocates Of banks Of issua what
George Washingssn th0ught III such in
stitusionH, and Whila they brand IA a.
an sold Fogy," that they plaza us In
the company Of saeh men as George
Washington and Thomas jefferson.
MoUsT TzRSox, Feb. 81, 1851.
DK4K SIR-Your favor Of che sGth alt.
came duly to hand. 70 give an opinion
in cause Of so much Importance a. chat
which has warmly agilated the two
branches Of your legislature, and which.
from the appeal that lie made, Is likely to
create great, and perhaps dangerous d.
visionst is rather delicate matter; but
as this diversity Of opinion Ia on q sub
ject which has, believe, occupied the
minds Of most men, and as nay sentiments
thereon has been fully and decidedly ex-
pressed long before the assembly of
luther Maryland OF this State was con-
yensd, I do not sorapls 10 declare that.
if ! had a Toiee 10 year lsgislataRs, isI
would have been given decidedly against
y paper emission, upon the general prin.
eiple Of its utiIity as representative
and the necessity of IL as q medium. To
assign reasons for this opinion would be-
~ unnecessary as tedious the ground
ass been,so often trod, that place hard
y remains untouched; ia word, the me- /
sesSity arising from 3 want Of specie il |
as greater than it really Is. |
contend that Il IL BIZ the substance not /
he shadow Of q thing that We arc 10 be /
benefited. The wisdom Of man, 10 nv I
tumble opinion cannot, III this time ,-ie-
-ise plan BY which The credit 0f papar
noney would BIO long supported; eOnss-
Iasntly depreciation keeps paee with the
quantity Of emission, and articles for
which & Is exchanged rise in i greater
alto than the sinking value Of the faorss.
y Wherein, than, Is she farmer, tia piant-
Z, and artisan benaasseds The dabtor
hay bes because, as ] have observed, he
ives theshadoN inlish of the substance,
nd in proportion - his gafn the cred.
Tor or body petite suffer. Whethei IL
. Legal tsnaee Or noss II wifi, as has
ssn ohssRysd Very truly, leave no alter
I&tivs-~aA aaszst be shsE Or mesh img, An
VIZ equaa Ii al axsas u sha Aa6E Il snasls@
freely open xgR spesnI ass@ms ~ whiaas
~ fsasg dAaig nin8 asaa pashaps nsosk
@aasAnaa paNs ok aiss as zaMa ~ Are rfSye
Z sspon by he npxs kngNing and 9raaty
pssalatssa. Bsss ssusRasy . ~ iatsxs
on and aeslaTsslsAs Aas vifsHssIe as&
sns In support q ~ sFsni 90 sons. / /
10 whieh, Dc al 0Aksess Il 4 aess lllsae.
& 10 tbs AlavoeNsee koK pApae nsaasesl
aall therefore 0nly observe aaslara8lS.
80 ~ asszy psapsa hags saAarad 81
raxa@R @zAaassanas khaz. iik II hss1gS 0 ksss 4 !
~ zYsn4H4 Ia s}pz 10 vszsasz1 sxt III ksk4s.sK