The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-09-17
coed Time TO Establish Hanks.
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The opponents Of Banks are using the ar.
rument that there is no use in passing
Banking Law in Iowa because there is no mo.
ney to invest in Bank stock, and consequent.
" no Banks would be established under The
law. This is very great error. There has
not been more favorable time to secure
large Investments in Bank stock than the pc
Rod now opening on the country. Thous-
ands of capitalists, who are not gamblers in
stocks, and many trustees and guardians
with funds to invest, have lost confidence in
railroad stocks, and will seek to make in
vestments in Banks as more profitable and
more secure. Such tendency is already
clearly developed in the East, and it will
gain additional force, and lead to the invest
ment OF many millions Of dollars in Bank
stock within the next two years. We have
every confidence that the coming year will be
most propitious for the establishment Of a
Banking system in Iowa, and that there will
be no difficulty in obtaining ample capital to
start number Of Banks adequate to meet
the demands Oh business.
As most significant indication Of the ten
denotes of capital, we note that at the OPEN
ing Of the stock books of the Etna Bank at
Hartford, Connecticut, the other day, (since
the New York panic,) two millions Of dol
lars was offered to the Com missioners, over
and above the amount of the capital stock
authorized by the charter.
Let the people Of Iowa be on their guard
against oil manner of deception and humbug
on this subject. Let them resoluteiy push
through what has required them years to
commence, and refuse to be turned from
their purpose Of establishing sound Bank
ing system for themselves. The enemies Of
= Banking system will use every argument
and resort to every artifce in their power to
prevent the passage of Banking law. We
urge every friend OF a sound Banking system
to beware Of the ssra,agems Of the enemy.
Remember that the currency question is re-
ally the only question Of State policy now
pending, or which is involved in the result Of
the present canvass, and vote only for such
men for the Legislature as you know to be
tried and true friends Of sound Banks.
The 10 oSs Presbyterian Conventions.
The secessions,s from the New School
General Assembly, who met al Richmond,
Virginia, represented six Synods of the New
School Presbyterian Church, or portions Of
said svnods, and numbered over hundred
members.
They resolved to form new Church or
ganiza,ion, and adopted the name OF the
United Synod Of the Presbyterian Church,
and recommended all Presbyseries opposed
to the agitation Of Slavery, to appoint Com
missioners to meet at Knoxville, Tennessee,
on the first Thursday Of next April. A res
olution Of sympathy with The Old School
Church, squirting very strongly towards a
union with that body. passed in these words ::
Resolved, Tha, the union between us and
our Old School brethren, could il be effected
on terms acceptable to both sides, would be
conducive TO the best interests Of the Church
Of Christ, and this Convention, after free
and full interchange Of opinion and views
on the subject, do now recommend that the
Synod, when formed and duly organized,
shall invite the General Assembly Of the Old
School to afraternal conference, with a view
TO union.
The fundamental principle OF faith and
practice OF these slave propagandis, seces-
sionists from the New School Church, is dis
tinctly stated in the remarks Of DR.. Ross,
their great Apostle, as follows;
Sldrery is ordained Of God as good to
The master, the stare, and the community.
That is what the Bible asserts. That affirm
to be the Bible doctrine.
The prospect is not very aattering, howev-
er, tina. the world will ever enjoy in tia full
splendor, the Gospel light which nigh, be
diFused over the world by the concentrated
intelligence and piety Of these seeding
Southern Synods.
The Synod Of Kentucky, under the lead Of
MIR. Dickerson, inelines to 70 over to the
Old School as strong enough pro-slayery for
them. The Synod Of Mississippi, i, is said,
will take similar course, for the purpose Of
strengthening the pro-slayery party IN the
Old School Church, and smotherng the
faintest indications OF agitation in the Gem
eral Assembly. The fac. that the Old
School General Assembly holds its next SEES.
sion IN New Orleans, will pretty much
s'knock the sand from under" the Knoxville
Platform. and the new organization, if il 60
into complete practical operation at oil, will
be Of no special account in the church or
the world.
CT The Henry county Convention called
Joint Convention Of Van Buren,, Henry and
Lee counties, 10 nominate II candidate for
Representative in the next Legislature. TO
meet ii Hillsboro tomorrow. We did no,
hear Of the Convention til last evening, too
late for the delegates from this countyto at.
tend. II other portions Of the District have
been equally unfortunate tho Convention
will be sim affair. Let it make good
nomination, however, and wen make it ali
right at the Polls.
DIcxEs's PieruRK or woaAN.-The true
woman, for whose ambition husbands love
and her children's alteration are sufficient.
who applies hsr military instincts to the dis.
cipline Of her household, and whese egisla.
tiyes, exercise themselves in making laws
for her nurse; whose intellect has leld
enough fer her, II communion viii ..cs nus
band. and whose heart asks no other honors
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