The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1858-12-25
Proposed New Currency.

During the last session of Congress, Hon
VIM. Kellogg, of Illinois, framed and intro
duced bill authorizing the proper officers of
the Treasury Department to issue certificates
OF convenient denominations, in the simill-
tude of bank notes, to depositors of gold or
bullion in the Mint, or with any of the Sub
Treasurers Of the United States. The bill
was maturely considered and carefully drawn,
and ought to have commanded the attention
OF the House of Representatives in which it
was brought forward. But the excitement
growing out OF the Slavery question over rode
its merits, and with hundreds of other meas
ures it was lost sight Of. We notice now
that it is to be revived by the Director of the
Mint, who has prepared a bill upon the basis
of Mr.. kellogg's which he proposes to sub
nit to Congress and ask for it their approval.
The Director claims that his measure will
increase the security of specie owners over
that afforded by the Banks; that it will check
the practice of boarding that the ccrtif-
Gates Will become currency as much as the
gold itself; that huge pile Of coin thus
stored away will serve as great balance
wheel to prevent commercial disturbances in
times of panic or crisis that the use of GER
fcates will prevent the loss By wear, clipping
or sweating that the retaining of govern
ment bullion fund at the Mint would no lon
ger be necessary that, being based on de-
posts, no over issue of certificates could be
made, and that, like bank notes, they should
be made payable On demand, and circulate
exactly as they do.
y measure which promises so much, tho
many of the promises may not be realized.
certainly demands the attention of the lcgis-
lators sent to Washington by the people to
look after their affairs. But Of the dom-
nant party in either House or Senate little
may be expected. If n niger were to be
caught, they would soon show you the metal
OF which they arc made but rs white folks
are mainly interested. nothing will be done.
Chicago Press Is T,ib.
Prom the New Haven Rcgstcrl
4 Real Hero.
The recent courageous and even desperate
act Of Capt. Brooks, keeper of the Faux
ncr's Island Light, in rescung the captain.
his wife and crew, from wreck in Long
Island Sound, which deserves more than a
passing notice. 1t will be remembered that
Faulkncr's Island itself is more than two
miles from land, and TINT its only inhabi-
tants are the keeper of the lighthouse and
his family, Capt. Oliver y. Brooks. The
wreck lay upon Goose Island, some two
miles from this: but Capt. Brooks could see
with his glass, the persons in the rigging.
and the sea dashed into unusual fury, ma
king breach high over its decks, and
threatening instant destruction. 1t was too
sad sight for the brave man to endure:
and provided as he was by Government with
nothing but small sail boat, to 90 between
the island and the mainland, he would have
been fully justified in leaving them to q fate
horrible to think of. His wife was on shore.
and he was alone with his family:of little
children, but telling them of the peril he
was about to assumc-a fearful peril, from
which he might never return he kissed them.
and calling upon God to protect them and
bless his cndeavor. he jumped into the fral
skitf, and steesed boldly into the storm and
pillows.
Those on board saw the attempt, and even
in their agony wondered at his boldness.
predicted its failure and Gricved at what they
considered an unnecessary sacrifice. But
still the brave man relying upon Providence
Kept up his heart and hopes, and although
every wave threatened him with destruction,
he reached at last the wreck, and hailed
the desponding crew with words of cheer.
By the most skillful management of his
boat, no. shooting past, and once over the
wreck itself, he at last managed to pick
them off one at a tie. and then turned for
the shore. But it was OILY by constant
bailing and tremendous efforts hat the boat
WAS kept above water, and at last rt."ched
the island, with its inmates, exhausted, AM
nearly dead with hunger and exposure. On |
the shore, waiting for their father, were the
little children of Capt. Brooks, who with
tears and screams of joy, saw the boat
tossed violently upon the land by the angry
waves, with its overtasked load of rescued |
mariners, who were immediately transferred
to the lighthouse residence, and made well
come and comfortable.