Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-12-29
Nebraska Shin PlastePs.


After the Georgia and Tennessee "wild
cats were banished from circulation, IVES
tern people fondly supposed that nothing
. o. lower .. grade o. currency snsn state
But in this they are being bitterly disap-
pointed. The West is again being flooded
by description Of shin plssters infinitely
more worthless than any thing George Smith
Tucker, or Burch ever issued, and even of
less value than Bradley 4 Curtis, Msiiedge-
vile, or Preston h Co sDaiton during their
day and generation. We refer, of course, to
Nothing in the history Of banking affords
parallel its equal in rOttenness. 1t can tru
~ be said Of this trash that it was con.
eAived in sin and brought forth in iniqu,y
The charters for these banks were obtained
ky bribing majority Of the members of the
Nebraska Legislature. Some received
shares Of stock in the banks for their votes;
others took land warrants, cash or interests
in town sites These charters are of the
lo0sest description and afford every desira-
bic facility for swindling a gullible CON-
munity. There are no safeguards worth a
straw thrown around them no deposit Of
State stocks is required for the security of
the holder Of their issues; no provision is
made for ultimate redemption; there is no
restriction upon the number of reams which
may be issued-save in the refusal OF the
public to receive more. They may circu
late all they can get people to take. Re-
demption in coin Is myth, or in any con
vertibls currency, delusion. The notes OF
these Nebraska banks, we consider, without
exception, but little better than common
counterfeits, and nothing like as good as
those we'll executed
The game the owners Of these swnling
shops are playing, is to shove into circula.
ton as much as possible at par, and redeem
1t at nifty TO ten cents on the dollar, and
when they succeed in getting vast quaint
ties oft "out." blow up their rag mills. The
CONFUSION in monetary affairs this fall has
afforded the owners of the Nebraska banks
an opportunity to pass their trash upon
western people, which they have largely
improved. The State of Iowa is flooded
with It. The western counties of Illinois are
cursed with it. and it is spreading like small
pox up the Mississippi river into Wisconsin
and Minnesota.
1t 10 probable that million of dollars is
now in circulation, and it is being poured
out a. fast IS its owners can find dupes and
simpletons to take it. Wherever It circu
lates II drives out al bank notes worth any,
thing. 1t has banished nearly every dollar
0fbankable currency inthe State Of Iowa,
and 10 doing the same thing in the wester
counties Of this State. At Canton, Fulton
County, firm ofbrokers called Maple, Stipp
4 0arside. shove the notes Of one Of these
Nebraska wild cats, called Platte Vallev
RMk, purporting to be located at Nebraska
City. We are informed that they have
passsd upon the people Of Fulton and ad.
JOINING counties immense sums of this vile
worthless trash.
We are also told that T. L. Macoy l. Co.
shavsss ct Galesburg, distribute the stuff
called NeHaha Valley, mailing from Brown.
Vile, Nsbraska, and have filled the country
round about with it.
So.son d Remington, Of Galva, are en-
gagged tn palming off upon the Sw edish col
ony, and oil Americans green enough to
take it. wild cat called Western Elk
change Fire and Marine Insurance Comma
Oy-whew, what . long tail their cat has
got! Considerable of this dishonest stuff
has been paid out on the line of the Fl.
Wayne, lAcon and Platte Valley Railroad.
t1Feegn the eounties ef Marshall. Bureau.
Henry, Putnam and Rock Island.
The largest and perhaps the most dan.
gerous Nebraska wild cat is that called
Elevs~es, scattered through Iowa under the
aesptses Il Cock b Sargent, Of Davenport
The quantity of this vile trash in circula.
AaenAo 0an outsios Of the circle of con.
spirators knows, but It il undoubtedly i'm.
menoa
An a H. brnha~> xvh.,.sv>