Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1859-04-23

Raply ofM. =. Ames, Esq, 70 tne Oss~
orr. M. 3. Pcass, Banker
10 tie EdSsors Of tas A7nnesossd":
I find a card signed by K. M. ). Pease'
published in your paper, Gas well as in the
Pioneer and Democrat and Times of this city,
on the 18th inst, which purports to be a re-
ply to statement made in the MINNEso1IAN
of the 18th inst, which my business engage
ments and temporary absence from nome
since have prevented my sooner noucing
through your columns, which I deem it due
to myself, as well as the public to notice.
Mr.. Pease commences his card by saying,
1--WE regret to find in the MINNEsoTIAN Of
this morning an uncalled for attack upon
Minnesota Currency in general and ourselue,
in particular, purporting to come from Coun.
sellor Ames of this city"
This certainly is an excellent starting point
for Mr.. r. N. S. Pease to make, to attempt to
identify himself and his own Objectionable
transactions which are complained of, with
Minnesota currency in general" which is a
construction l did not suppose any one, not
even Mr.. Pease, would put upon the statement
of facts gave to the public of his transactions
in Owatonna currency. And for his informa-
ton, as well as to correct any misapprehen-
sion on the part of others, wish him to un-
derstand explicitly that tho issue Of bills by
K. M. S. Pease & Co., of ST. Paul, purporting
to be the bills of the Bank of Owatonna, said
to be located at Owatonna, was the only SUBJ
ject and object ofmy communication although
l should unhesitatingly include in the same
category, under the same head, all similar is
sues made at the Office of any Banker or Bro
ker in the city of Saint Paul, of a large amount
of bills as currency, of any bank located at
remote and comparatively inaccessible place
from Saint Paul, where they are exclusively
issued and put in circulation, unless some pro-
vision was made for their redemption, at the
place of their issue, and chief, if not exclusive
circulation for reasons shall hereafter men,
ton.
But to Mr.. Pease's card, in which he says
l called at "our" Or. NJ. s. Pease & Co.'S Bank
with some Owatona and Glencoe money, wish
ing to get 1925 of exchange, and upon their
refusing to sell me exchange for the same,
asked to be accommodated with 500 in en-
dorsed City Scrip in exchange for Minnesota
Currency, and upon receiving the endorsed
scrip, then demanded Gold for the same. (scrip)
The statement is in part true and part untrue.
1 had not one dollar of Glencoe money, and
therefore did not and could not offer them any
Glencoe money, (Which believe to be good,
at least it has the merit of being redeemed in
our city, as well as the bills of a majority of
our Minnesota Bankers.) But the Owatonna
bills did present at their bank, and desired
to buy exchange at any price, and was refused
it. then asked them to sell me Gold, Cat
some rate,) which was also refused. then
requested them to give me some other cur
rency for Owatonna-some Wisconsin, ILL
nois, Eastern or something else, which 1 could
use elsewhere to buy gold or exchange with
which was refused also. At last they did
accommodate me with 500 in City Scrip, en-
dorsed by them Redeemable in Gold or Ex-
change at current rates at their bank" and
which then rendered back to them and de-
manded the Gold or Exchange at current rates,
according to the terms of their endorsement
upon each scrip, which was refused and at.
ter had informed Mr.. Pease that should
prosecute them, (the endorsers,l upon each
scrip, and was in the act of leaving their
Bank, Mr.. Pease told me in an irritated and
excited manner, and contemptuous tone, to
come back and he would sell me exchange /;
which very kind and considerate offer was
not amiable enough to accept, after the several
refusals and treatment had received But
this am credibly informed by large num-
Der of our business men, is only short
chapter of their own experience with Messrs
r. NJ. S. Pease & Co.'S Owatonna currency
and shinplasters.
Having thus noticed the card of Brother
Pease, as published in all our city dailies,
have only word to say to the personality in
his postscript to the card as published in the
Times only.
That it is by innuendo and implication
at least, such hypocritical dodge and
slang as 1 should expect from an ex-priest
turned Wildcat Banker and Shinplaster
dealer.
But who should be responsible for and re-
deem Owatonna Bank Bills and place it upon
par with good currency if R. NJ Pease &
Co. do not, and where should these Bills be
redeemed if not at their Bank Counter in st.
Paul
Let us examine little into the history Of
this Owatonna Bank.
The first steps were taken to organise, OF
get up such Bank was by gentleman in the
City of Milwaukee, who am informed made
the usual necessary application at the State
Auditors office in this City and procured the
plates from the engrayers and the Bills ready
for filling up and signing. That before any
State Stocks were deposited with the Auditor,
or any organization of the Bank made under
the general Banking Law of Minnesota or 9th
erwise, Messrs. R. NJ. S. Pease & Co. pur-
chased the Plates and Paper, BLANK Bills)
of which the Auditor was duly notified. Sub
sequently about the 10th of March last, some
Minnesota Railroad Loan Bonds, seven per
cent were deposited by Messrs. Pease & Co.,
with and received by the State Auditor at
ninety-fve cents on dollar of the nominal
amount, and an amount only of between
$4,000 and $l4, OOO, at that rate. Afterwards,
at different times, between the Nth of March
and this date, Bonds of the same kind have
been deposited with the Auditor bv R MS
Pease & Co. to the amount of s3s, $50 and
Bills of that Bank issued and received nv