Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1857-11-11

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6inae mi "a axsas mizinh -
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e. II Z - 81
~ assI j aasoal siaa d J rasas.
IL ths ahws II shs azesl au
ssssns Baakn RE - wAe propase
ID assaaA the bank are aasa sauaa. ms
II - b1sinass q ne bank wszs ssvseal
@ BED 70 The rsesaps d deposits, aaa
the purchase and sale IL axshanRe, and
shs eollsstion BUSINESS. - hass u agabs
Ass Il woald b. ! psylaa ~ ! hsssa
esai fnstitutioa q Tia pbgsa ID eaassl
Bluas. When ne prosseaesl u shas -.
Ton 81 the astisles IT 60
proposed 30 ias,ae AEslisg NaEe OIL
certificates payAale ena ysaF EFam date,
to the amount Of ane-shird IL IL gaps.
al stock .llehau We shoughs ws eguIsl -
the 'saloFea foos, aad sxpTeassA ~
transportation Of slss pspises As
tsnd shaa banks u issas il svsgs sa
sad form, ne natlsE hos rs aasass 49,
secured, ase - iniaEy 70 zoe pbanasy
and thsy bssoaas saose especially 70 whaa
their circulation Il Iiasikesa n Ansnaal "
tent At eounsay. apaa aesiyea in great
vAlss trea the flAas tAas svsryAfaaa IN
the wsrld, il iaseasha alsas, - u mada
the standard By sSh al commodities
ars Yalued, ard saSxeaey, ne repressn-
tasiOn At geld, i only Ealnabls whsss
the comnauity receive isin hen 81 gold,
and il follows that currency which hes
Circulstion only within the limits "a q
city, can be Of 30 service 10 thess who
have debts 70 pay outside Of the city,
where the ourreney is Of no valaa. While
a., D. 3 O. can nss sach . surreaCy 10
paying Of shsir debts within the city,
D., E. T. cannot use Il 10 pay thsir
debts outside Of the city, and hence this
currency bsuomss nonspsly In tie
hands of A., B. & g., and eiFsuIates al
the expense Of D., ear.
To make tbs matter plain; A, 8 bank
sr ia this city, owes B., mechanic, for
work, and pays him Of in thess relief
notes. By so doing be saEss in thsvauIt
of his bank sl, GOO, al good meusy which
he would hare paid B. if be coald act
have issued the rslief Notes. B. deals
with merchant who ewes . debt in st.
Louis, and in ; Shsrs time the nasrehans
fnds this 81 600 Of rsiiaf notes in his
safe. How Is hs TO pay his debt in 81.
Louis with theEn2 Way, the coarse is
very plaiR--just take them back TO a.,
vino issasd them, and be viii giTs you Of
that good money which he saved by the
issue Of the notss, $3.50, and make in the
operation $3.50. Nov, this $50 is eth
er made oF Of the merchant OF nsehan-
lie. The merchant is On the lookout, and
sees that he cannot uss the relief notes
at par, and hence TO seSzze himself be
Gays to B., 81 ezznet take these notes at
| par, cannot pss them in the payment Of
my dsbts; you must suffer q discount Of
hftesn per cent. on them, else cannot
asil you -four, sugar, coffee, aud other
necessariss for your family" and B. is
forced 10 suffer the shave. The pFinei
pie lie the same wkeEs the merchant re-
eeivss the notes from thousand indi-
viduals, and the only diSsrsnss Is, that
each man looses Rfasen seuts-labor
Iooses it ali, that few individuals may
live without labor. twill be seen shal
in the winding up pf the concern the
good monsy-spseie has to coms fsrth.
While tie representative, currency, is
circulating, the sharpers are plaehng il,
so that b. the time il gets back TO the
place Of issue, it has lost $3.50 on the
thousand. This 10 the case with all bank
issGes-~some looss less, while thousands
dsprseisse great deal mere, and this
depreciation muss all be made up by la
Dor; hence We oppose sll banks of issue,
as being diFesE tag aE0R labor, clog
upon she advancement and improvement
OF Cur country caRningiy devised
scheme by which thousands are enriched
at the expense Of the soiling millions
The Council Bluff Savings Bank, if il
does an issuing business, viii be no ez-
esptiOn to this rule, bat in the end will
prove 70 be the greatest curse aysF infiie-
ted upon Council Blufs. Nc. do not
blame those who are getting il up for do
ing So Ii the citizens Of Council BluiEs
want to be shared, we undertake 10 say,
that the persons engaged IN ths Savings
Bank, viii do it fer them rs quick, sliek
and easy, Us any set or feIlsws in tha aa-
tion. II the merchants wish to put il
I AaNY ~aaS 4@d4AA& Va tAsS0 men u AMkA1iSM q
currency to be put intO the hands Of tho
IabOring CLASSES % bug goods with--if
! they wish every other kind Of eurreacy
to 20 out of csrsulstion---if they wish 10
Plsos it in the power Of fsw men %
gatheg mp oil she gold, silver aud eur.
rsney In circalasion-if they wish 10 be
placed At the mssey Of, and have their
business controlled by, these men, ali
they have 70 do 10 seesmpIiah their OBJ
jsct Is to say to them, ssWs will taxa your
relief notes.
Mechanics E@mAa West.
New York papers asste thai mschanies
are throuRiny In thai riEv 9rnvn All ,,axku