The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-01-21

Iounu currency IN other columns than that
of the Gazette. We do net believe there is
any serious combination or plot havin- such
an aim in view. We do not believe, and we
do not think scarce any body believes, that it
could sc so perverted. Certainly it could
not be without the consent OF Congress, and
We do not believe Congress could be con-
strained to giyeits consent except under such
a unanimous petition Of the parties inter-
ested as could never be obtained. And as to
its being an intrigue under Republican euspi-
ces, il is false ind groundlcss. But whoever
will produce any decent evidence Of any such
dec IN, will certainly enlist this Journal in
opposition to it. So far ms we have any ef-
fort III ills regard, ii shall be excrted to as
sure the completion Of this great and i'm
menscly important work, to prevent the pur-
version of the fund provided for it to any
other purpose, and TO secure its economical
employment IN the work. We are glad to
see our railroads prosper. We rejoice 30 Sc
them acquire abundant and ready means,
and. we are always pleased to strengthen their
hands. But for railroads or for any purposes
OF public use or private plumber We can new.
er consent to have this fund surrendered so
long as there remains possible chance Of
promoting the contemplated Improvement of
the Des MONIES River. To say nothing of
the cheap and extensive carriage which it
would open for interior freights. its immense
water power, which would furnish the sites
OF numberless thriving and important towns
along its banks, would contribute too great
ly to the wealth and prosperity of the valley,
and to this city, which lies at its mouth, TO
permit Us to do that This improvement
must be contaminated; quick and we'll if
possible, but al all events well, SO far as it
goes, if il prove likely to fail at all, and as
quick as can be.
One sign Of something more hopeful than
We have been cheered with lately, is the ac-
cession Of Commissioner Manning to the po
sitcn which he now occupies. Let us oil CO.
! operate with him earnestly and cordially, and
We believe we may anticipate thorough
work, and as much speed as the circumstan-
ces will permit at least We may feel certain
that derelictions and chicanery, gouging,
sham work and extravaganza, on part Of the
Company. so far as they may come within his
range. will meet with federation.
Discredited Banks.
We announced yesterday the discredt OF
several banking institutions. Concerning
them we take the following article from the
I Chicago Press:
Dispatches We're received here Yesterday
from New York by one Of our Rankin.
! Houses. announcing that the New York bro
kers had thrown our the notes u the Gra-
mercy Bank, Ind, Shawnee Bank Of A,tica,
Ind, and the Zimmerma an Bank, Canada. As
a consequence the notes of the same nstitu-
! tions were thrown out here.
1t is rumored that the same parties who
own the Gramercy Bank Of Indiana are also !
! the owners Of the Peoples Bank Of Carmi.
! the Prairie State Bank, and the Nashville /
j Bank. all OF Illinois, which rumor induced
some Of The banks OF this ely 10 throw out
the notes OF the above named Illinois insti-
tutions yesterday.
The Stock Security Bank. at Danville, /
His, has among its securities $50, 900 in /
California Bonds. The Supreme Court of .
that State having recently decided iha; these
bends arc Illegal, some o. our brokers, ye.- /
,erday. refused TO receive ;he bills of the 1
Stock Security Bank in deposit
The Peoples Bank at tarmi. is secured by
= deposit of the follow ing state stocks:
lo,upO Virginia.
2ls,o0o Missouri.
6,uOo Louisiana.
$1,000 Tennessee.
$500, 900
Total securities 100000. Circulation
$46i,jl5.
The Prairie State Bank is secured as fol-
lows:
5000 Missouri.
$4,000 Louisiana.
$1,000 Tennessee.
$4,000
Total eee44+iitics sff5,t11, ClfcaiaIiou +
il0i, loo.
The Rushs. lie Bank has the following ba-
sis OF circulation;
$4,000 Missouri.
1880 Louisiana.
Ssl,5o0
Total securities, $sl 800. Circulation
$J3.3o0
The following are the bonds pledged by
the Stock Security Bank Of Danyille:
So9,VtO Nlrcinia.
$1,000 Missouri.
f0,HVV Louisiana.
1d,uV0 California.
l5,u5D Tennessee.
100000 Il
Total securities, 100000. Circulation
Sis3,t00.
there was movement on foot among our
bankers last evening which we have reason
To believe wall 20 far toward, il not entirely,
restoring these four bai ks TO sound credit.
There Is no reason why this NAV not be done !
Win al 81 them except the Stock Sccarity
Bank OF Daavile As regards The latter, If 4
It's owners viii replace the California stocks
with othets bat are good, or viii promptly I
cancel them, ~ issues VIII certainly be us !
good as the average u Illinois BauAs.
our advice 10 the holders Of notes on the I
above Illinois Banks is, 10 keep perfectly /
epol and submit % M shave. We hope to 5
De able very soon 10 quote their notes as '
good al tao counters u gar Chicago Banks |
In thc MeanMhla Lot Dnr State I ayIstuto,n 4