The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-04-22

We take the following from Thompsons
Rep0rier, Of the 9Th instant
WESTERN BAsKIsa.--Wc should think
Western banking was popular. il not prot.
liable, Judging from the number OF banks
recently organized in some of the Western
States The rapid withdrawal within the
pas, siN months--of the supply OF circu.-
ton furnished 10y Eastern banks. hns thrown
the great West upon lts own resources for n
circulating medium aud the people have
wisely, we think adopted the course Of ca
tablishing banks in their midst, founded,
generally, upon u good basis. giving them II
home circulation that they know all about.
IN preference 10 an cnstern currency they
know nothing of, and probably made cx-
pressly for them--to run awhile. AMI then
butd up.
The vast resources Of the Western States
can only DC made available through the
channels OF trade, aud the necessary means
must bc furnished by capitalists either at
thc East or West. l,y the establishment Of
good banks among themselves, they have
those means within their reach to enable
them TO turn 10 better advantage their sur.
plus products.
Illinois, Wisconsin. aud Missouri. acting
upon this. have established and nrc orgnni.
zlDg banking institutions enough 10 supply
ulem with home currency and Iowa and
Minnesota are moving in the right way to
have not only supply, hut Of tbs right
kind. Nebraska and Kansas are doing
what they can 10 make mp for the lack Of
better currency, in The issue Of bills--of n
doubtful character, II is true; but il il an.
swers their lpcal purposes. We ought not TO
complain--very little Of which finds favor
out OF the immediate vicinity Of its issue.
IAsD WAnnAsrs AND Wrsrrns LANDS.
The openings thIs spring for investments
IN Western lands have been peculiarly IA.
vorable Tor capitalists This n on account
Of the scarcity Of money In the far west. and
honcc the low price of Land Warrant which
can he purchased and located for cash at Il
triliDg figure, compared 10 former seasons.
Now, however, the choice lands Of Iowa aud
Kansas are beginning to attract Western
cmigrants and spectators NJ IL shown by
the iDcrease u business at the various land
Offices during the past four weeks. The Of.
fee AZ Copncil Bluffs, Iowa, has registered
during that time nearly $50 900 acres. and
there So, remains 550.00 acres subject TO
entry. Besides this, there are the alternate
sections belonging 10 the government along
the line Of the railroad grants, which are
nt open 10 entry. but will be- offered at pub
liz sale IN Jnne next, nj prices not Icss than
$3.50 pr acre, which must be paid in cash
or land warrants issued under the act II
lsi1. valued at 8 Is per acre Warrants
issued since that time are not receivable for
any railroad scctiDns. The La Crosse Land
Office opened on the 9Th inst. and judging
from the number Of warrants which have
gone there from this city and Washington
IN the hands of ocators, We should ay that
business IL not wanting with the register
The lands around In Crosse are mostly heav-
lily timtcrcd. The X ahsas Offices have all
been busy ior u month past. large amounts
of warrants are daily forwarded 10 Leayen.
worth and Iecompton. Minnesota aud Ne.
braska ARE attracting some attention. The
greatest demand 10 these Territories H.
however, from prccmptors, fm IC0 war
fants, which alone are usablc with them ---
On the whole, the prospects are now. that,
since nobody daros % meddle with stocks
and bonds, every body will inytz' IN we~t.
crn lands, which cannot .all In salue, and
are daily rising.
We quote Land Warrants (April y at
the following rats:
Baylng sstiinz
90 aere........tIoo " acres. .... ai,65
- aerss........ 0,-s ~ sefs.... 0,3i
10 aeIrs........ 0,-] 10 acre........ O.ss
igD aefe......... 0,sI lcJ acres....... 0.J0
The Philadelphia Pre-. of the 18th. says;
Ia the MONEY marke, there is title change
10 record Absorbing nearly all the first
class that ia made, the banks nevertheless
show, in tb'ir weekly returns decline in
loans 10 The amount Oi 81 ,l24. while their
specie has increased el95 ,AO3. and now ex.