The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-11-26

/ self "Old Bullion" undertakes to make out
ease against the issue u city orders for
street certificates. Emenating as il docs
/ from one ofthe claS who have arraycd them
an'cs against the city credit, his Argument
/ !. probably reflex Of the arguments Of the
| Board, and IA snch, might be- considered by
superficial minds az convincing, unless the
fallacics Of the writer were exposed. We copy
the following paragraph:
The total amount Of taxes levied in lsjG for
I city expenditures. was sJ-, zs7. Probably the
present year IL il near 90, 900 The city now
/ proposes 10 issue AIS, 900 Of currency. A
I large portion Of these issues are formed on
street certificates, which the City Attorney de.
clatesto be Illegal.
let ~ examine hs statements. The total
tax "for the present year is near 500 900. y
Til, u no far from the truth. that il falls
short in the amount just S5s.0jj.3i,-
the total tax being slIs,Ojj.3i That
sentence ia answered
TIE city now proposes 10 issue Sl2j,-
900 Of currency" The city proposes to
do no such thing. We are informed by
the city treasurer, that il is not possible
that more than $4,000 Of City Orders will
he Issued for the rodcmdtion Of Street Ger.
i',icaies; and further the city cannot issue
altogether $4,000 Of City Orders, because
her present Indebtedness and her indebtedness
/ 10 idll dine between this and the first o!
February. will not exceed S2j 600 We
have the proof for this statement, Is
that sentence answered?
A large portion Of these issues are
formed on street certificates, which the City
Attorney declares 10 bc Illegal The City
Attorney has ner1 declared them 10 be H.
legal and We defy the writer to show
otherwise The balance Of the article il
made up Of statements a. devoid Of truth as
the above.
BorwIcK, iE.sw n Cove neglected
TO notice the fact that these gentlemen have
acted in very honorable manner, in relation
to City Orlers.uud we also include with them,
Mcssrs. Caldwell, Whitney Go. The
former have been taking the orders from all
parties, and before paying them out again,
they endorse them upon the face. "Redeema.
bic 10 gold at current rates at the Banking
House OF Bosiwick, Pcasc Il Co." These
gentlemen deserve the thanks OF every man
in IT. Paul. All tina, is wanted now. is for
the prominent business men 10 say that they
will take these orders, and the distress ap.
pretended in this city will never he realized.
OuR Cry CuRRsscy We have now
thrr kinds ol currency IN this city. The
first is Illinois aud Wisconsin money. which
passes current. by agreement Of the Board
Of Brokers. The seeon,bis City and County
Orders, which have not met with so avora
hlc reception because the Brokers have Civ
en- them bad olor. The third ia wild cat
issue, noticed by MS yesterday as having the
endorsement OF some Of our Banker. This
last isNlc will pass cnrrcnt throughout the
responsible men and have the confidence of
the community We wan, it distinctly uu.
dcrs,ood that we do not doubt for moment
the soundness and responsibility Of the
bankers who ISSUE these bills to redeem
them. The notes will pay debts here in st.
Paul bu, are they better currcnc, than
the City and County Orders which the same
BANKERS oppose
We should not ave alluded again TO thcsa
City Orders. but on account Of the present
effort, of certain parties, 10 cry them down,
We say 10 the husln,s, man. Ia the retailer.
aud tn the wholesaler. and to these Alder.
manic bushes. men who have refused CITY
Orders. that they arr the safest money they
can obtain for their goods, unlcs, II be gold
aud silver The City Treasurer informs ~
that they are coming in nearly as rapidly ms
they arr being issued. in payment OF taxes,
aud there ia no possibility for $1,000 10 he
in circulation after the first day Of February.
There have been exaggerated accounts OF
the amount Of orders TO he issued We
have asserted again and again that the
whole amount could not exceed $50 GOO
n'w We have positive evidence that the
amoun, will not reach $4,000,
We .ay TO every poor man, and to every
rich man too, do not .,and u shave upon
your City orlers. They are worth dollar
Tor dollar IN gold AMI the BROKERS them
selves viii ackno~h dye that fact. before the
irs, day of January arrives
There are atthis time some MAC thousand dol.
/ ars In the wharfage fund E~s,
The I,p,s, il informed that "a has nn1r