The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-10-10
The Rep.Silcsa Party and Baaks.


horror, besense tho sRepablican party saw
ct to iniroduce into their Stste platform,
the spbjest Of the non extension Of Slavery.
They were loud in their denunciations, ar
guing that the subject Of Slavery had moth
ing to do With State canvass. When told
that upon the next Legislature deyolved the
duty Of electing United States Senator,
they answered that that was On ssafter con-
eideration," and should not enter into .
canvass for State officers. Now, their tune
is changed. They assert roundly, that the
Republicans have lost sight Of "Bleeding
Kansas" and the bred Scott decision, and
gone mad on the subject Of Banks. 1t is
really too bad, that the Republicans cannot
suit their opponents, but they are so chang
able, that We cannot keep pace with their
movements. JAMES BUCHANAN has settled
the hash Of ssBleeding Kansas" and GEoRoE
GILAspY wouldn't argue the bred Scott
case, because he had never read it-never
expected to-and didn't care anything about
it-therefore, we can't get up a Juror on
that, and so dear, kind, considerable Demo-
cratic friends, we have en- PEASANT turned
our attention somewhat to banks, as a mat
ter of State policy, for the sole purpose of
trying to hold you to something. But we
have not met with the most encouraging
success. You amt anywhere. You are
neither bank nor yet anti-bank. Well, what
are you? We cant tell. We are one day
told that nine-tenths Of the Democratic par
ty Of the State are opposed to all banks,
and the next day we are confronted with the
charge, that the assertion made by the Re-
publican party, that the Democracy is op-
posed to all banks, is false. We are told
by Democratic authority, that the Demo-
Gratis are opposed to all banks, and again
we are told that they are not opposed to
banks, but only to loose system Of bank
ing. By the same authority, we are told
that there is no necessity of banks in this
| State-that we have no use for them-and
again we are told by equally good authori-
ty, that the Democracy are in faror G. such
banks as will insure the bill-holders against
loss, sand the banks compelled at all times
and under every contingency, to redeem
their circulation in gold and silver" Now,
can anybody tell US whether the Democrat
ic party is in favor of, or opposed to, Banks?
These savans of the Democratic press
charge that the Republicans are in favor Of
a loose system of banking, and of establish
ing bank at every S'paper town, as well as
commercial city," Upon what ground is
this based? Can any one tell. We have
heard no such theory advanced-no such
system mooted, by Republican speakers or
Republican presses. 1t cannot be shown,
nor logically deduced from anything ad-
vanced by the Republicans, that we are in
favor of a pell-mell system of banking
Does any sane man believe that our candi-
date for Senator, Judge STREET, ever ut
tered anything in public or private, from
which such an inference could be drawn.
No sir. We have never conversed with him
on the subject, but we know that he stands
square and fat-footed upon the Republican
platform, and is therefore in favor of pro-
viding ga system Of Banking that ,ciH Sc
cure to the State circulating medium,
REDEEMABLE AT ALL TINES, uithin
its limits, in gold and silrer." Could
anything be more explicit? Does that SAVIOR
Of loose system of banking? We think
not. Here is what Judge STREET is report
ed to have advanced IN hrs speech at Ser
gents Bluffs. 1t is mere abstract of the
points raised and met. We copy from the
hsdependent-
ga State Bank located at the State Capt.
tai, with all its officers entirely detached, in
interest, from the institution, paid fixed
al adequate salary by the State, and which
institution should have branches at all the
commercial points Of the State, and as the
convenience of the people requires, its is
sues to be made on the basis of gold and
silver alone, actually deposited and perma-
nently remaining in the vaults, with two
dollars Of issue for one of the gold and sill
yer so actually paid in, no loans on deposits
ia any case, and no deposits to be received
in any case except of bills equally and
stringently secured as its own, and then to
be used only as medium and instrument Of
exchange. Branches are to be managed
thus. Coin (say $50,000) paid in, certif-
Gates Of that fact made, bills forwarded to
branch cashier signed by the president, and
when signed by said cashier, to be loaned
out for ninety days only, at ten per cent. on
collateral security of good real estate or
other available property equal to double the
amount loaned, and strongly favoring the
suppression Of all bills under Eve dollars in
this State.
He also spoke of the modes of securing
bank paper, that Of Illinois where issues
are based on State stocks, although making
the holder ultimately safe, being insufficient,
as stocks often have several years to run,
and of course the money cannot presently
be made. Such currency would not be re-
ceived on deposit at the State Bank Of Iowa,
on the ground of unequal security. Some
thought a safe business (safe to the holder)
might be made Of issues Of three to one,
but he believed that two to one was alone
safe, and that that would prove so in every
eyent.o
We deny that the Republicans are in ia
vor of any other system of banking, than a
safe and reliable one. We maintain that
the Democratic party dare not meet this is
sue openly and uhqualifedly. We charge
them with attempting to dodge the ques-
ton. They have ut no time, unquali6edly
announced their willingness to provide a
system of banking, either good, bad or in
different. They have favored Banks. here,
and opposed them there, according to the
reputed sentiment of this or that locality
Shall such course win? Itcertainly ought
not to. Next Tuesday will decide. Nous
Public Discussion.
We are pleased to learn that Messrs. Pu-
sEY and STREET, candidates for the Senate
from this District, will discuss. the ques-
tions at issue in the present campaign, at
the Council Chamber in this city, this even
ing. Nothing can be more gratifying to US,
Al Al