The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-04-08

and laboriog men Of the city. 1t afforded "a
substantial relief by placing in circulation
upwards Of two hundred thouaand dollars
Of safe and reliable CURRENCY currency
for the redemption Of which not only the
good name Of the State was pledged, bat
over hiiy millions Of dollars Of taxable prop
erty. Under the reyiviug influence Of the
issue OF this scrip all departments Of bust
hes experienced relief; the merchant cold
bis goods readily, the mechanic was paid for
his labor, and the manufacturer and builder
were enabled to prosecute their operations,
not only to their own advantage but TO that
Of the community. II this state Of affairs
could but continue. was the remark Of every
one until the State government was put in
operation in all Ia departments, and the State
bonds negotiated, the business men of 81.
Paul would emerge from the financial hurri
cane which has swept over them, with their
enterprise, energy ard ability unirnpared.--
And why could ii not continued
simply bccausc our whole-soulcd, liberal
minded Board Of Brokers, can not make
money sufficient by permitting the State
scrip to answer the business purposes Of the
community. Their game is to deprcciate it,
aud knowing ~ they do, that it will be worth
'sa face in New York, in sixty days, to buy
up large quantities Of the States paper at Is
and 10 cents on the dollar, and thus speeu
late upon the suilarings and losses of the Ia
boring and business portions Of the comm.
nifty.
Oh, but Mcssieurs, the bankers, cry,wc do
not desire TO have any thing to do with the
scrip, We do not even want to purchase
It we do not seek to deprcciatc il. Now,
that's oil humbug, gentlemen, and you know
1t. Ofcourse you cannot take the initiative
In depreciating this currency, but you can
induce by pcrsuasions Of some kind or other,
snndry tape and lace, sugar and saleratus
vendors, to perform the work you either dis
dain to do, or are fearful of doing. You are
the friends Of the community in your pro.
LESSONS, but the enemies Of it by your ac-
tons, You profess indifference to State
scrip when offered you by certain
claas OF our citizens you do not want to
buy It, because you would thereby unavoid.
AMY deprociate it but let poor laboring
man or woman, crawl into your Offices, a.
some have done, and shylock could not ex-
tract twenty cents on the dollar from them
with greater rapidty or more zest than you
can.
foudepreciate the currency in this method
to make money fou desire tho State
scrip as II banking basis and not satisfied
with the twelve per cent. interest il bears,
seek TO embarraSs every business man in tho
city, by reducing its value twenty and thirty
per cent on the dollar. You dare not do it
by direct means, consequently you resort to
indirect means You are boarding up the
scrip for the purpose we have mentioned, just
IA last as you can procure il and the more
rapidly you depreciate its worth, the great
or the sum OF your shayings and tho larger
amount OF scrip you can realize.
We have one word TO say TO those OF our
merchants and business men, not under the
thumb, or influenced by the arts Of our st.
Paul Shylocks. The State scrip in sixty
days, will be redeemed by the State Treas
urcr, in coin. Within that time, our State
government viii be in operation, and immo-
dately ,hcrcupon parties stand prepared TO
take the State bonds at par, They AFFORD
better investment than any State bonds in
the New York money market, for Mime
sofa bonds bear tan Per cent, interest, while
Iowa "a sold in New York recently for
1903 Is il not evident, therefore that the
bonds Of this State will bring IA large pre-
MUM, bearing rs they do u higher rate Of
interest, and being az well secuvd. We
urge our laboring men to hold on TO the
scrip, in preference to selling i, at the ruin
Gus discount demanded by the bankers; and
Il our merchants and business men will but
exercise that lberali,y which has always
bvn Characteristic of ST Paul merchants,
they will not only aid the laboring class,
but will promote their own interests. Keep
the scrip Mt par and If the bankers want
TO shave, why let them operate on their own
worthless trash, ten dollars Of which is not
worth. intrnsicaily, one dollar OF Minnesota
State Scrip,
The I,uii.ilcok Controversy.