Red Wing sentinel. [volume] (Red Wing, M.T. [i.e. Minn.]) 1855-1861, 1859-06-25
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The proprictors Of the Bank of Glencoe
0vow determination to make good their
currency; $4,000 Of their issues went 10
protest on the 10Th Of May, but the banking
law gives them 40 days grace before the in.
stitution can be wound up BY. the Auditor.
There is but $4,000 of their money in
circulation. $4,000, We hear, being now in
the hands Of all interested party in St. Paul.
who has retired it from circulation for the
present. Some Of the brokers Of st. Paul
have been very busy deprecating this cur
rcncy,. while shining" the streets recently:
but following their trail nearly every day.
suspicious looking men have bon noticed
buying it from those who would sell il from
% 10 rs per cent discount. Or course there
vas no co'tuson between the brokers and
the latter gentry, for tbs former refuse to
buy it vt their counters: :4afa ni y
The Bank Of Owatonna and the Chisasn
County Bank, are tho bantlings of Mes,rs
No':rH and PEAsE and We ear the worst
oil in tho hi. Mr.. PEAsE may have thu
INCLINATION, but wo very much doubt his
ability to improve the currency beyond its
present deprecated value. Tic Cedar Val
Icy Railroad Comp nv, we suppose If posi-.
he, viii protect the issues uf rhess ,wJ
banks, and save the public from loss. As !,
good sign, we notice that yesterday $1,000
Of Ch'sago money was "retirsd' into the
Auditors hands. !tgi1e2 usi.agila[,t
The Bank Of. Rochester yesterday lepos
tied with the Auditor 5000 of its notes,
which have been withdrawn from circula
ton. The manager oflhis bank says he vrill
redeem every dollar Of his circuiatlop. W.
trust nc may. 49, =
We hope to see tue entire circula'i ion o!
the fou. hanks we have referred 10, speedily
Withdrawn. OF prompt measures taken to give
II par value. The entire amount of their
'ss,ses ~ present outstanding is $l66 600. D.
1- The other five tanks, located 1t Preston,
st. Peter, liokah. New Ulm and Wipans.
have been prndantly managed !; the amour,
Of bills issued b.ins light, and the money
protected and promptly redeemed. The
Bank Of New Ulm has not issued do!lar.
and the aggregate amount of the Issues 81
tho four remaining Tanks does not exceed
$4,000. ct Their bills pass current. we be-.
liove. in. every portion Of the State. 10 III
sa The totalaisonnt Of money in circulation.
which is secured by a deposit Of Minnesota
Us docs not amount TO. 50, 5000, and 1t
this sum, $30.OIOi is as current as any money
in the state.-lionsr d Demo RAJ. =,
iTnE CCknsNcr QUEsrlos. St. Pau,
T.mss oIs Sunday says:-1 : ~ -. III
We are glad to learn that the Railroad
men and o,hers.are thoroughly aroused 10
the importance ofdoing something, to re ievc
shs wants Of our people. Gen. Shields. the
President Of the Minneapolis and Cedar
Valley Company. was in the city Yesterday
and with others Interested himself in some
plan to make good the currency based iupor,
iIailrna.l Bonds aWe are not disposed d
add TO the gloomy 6rebodings of class o:
crackers, but we trust immediate measures
will be taken to relieve tho community Of the
v present financial endorsements which
hang OVERT: This cu,3ymcy nsul he tale,
oa:e q, o., % terrible ret, idutiop p,N tn a.,
"a The people at. large have very cheerfully
given It support, wi In the belief that Il woul.,
bs redeemed, at,d in times like these, Of ali
otll.rs. men can lily stfJTd to lose tn. sma! i
ptttance they receive for their lsbor. - Cent?
men laaroM men andbrbksrs, ~se to it, tia:
your cnrrsncyis sustained ~! svad 80
a. s ,s----.--7!*...-e>.e 4.---.--,f. -uLf
+ EH1epArros.-More than sixty emierant
teams with men, women, ch,tdren, barrels
pots. kettles, dogs and kittens, to say moth.
ing Of cattle and iowls- pas*ed through this
place last week, westward BOUND: The,
we're from Ohio, Iowa, Wisconsin and Iii.
p nois, and stated that hundreds more were o.,
their wy to tbs north. west. - Hino a
Democrat. .fsfsrJ f, n fs;. .;rF
sy fkTSecretary, Cass has written 10 nat.
pr4lized FrencilM;in that the French Coz:
eminent claims military service from iii III.
tivcs Of France. found within it's Jurisdiction,