The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1860-11-29
NEWS or TEEE DAY.

i3E@%1 - sN'iiiE JiNt!- tSIIttlip1n
(. throughout the country. in regard to H.
lineis currency. The cause creating the
fama. and the facts ia the case are SIM
! my these:
On the 18th inst, the Bank Commls-
'lonors in the State Of Illinois having
finished an examination of the bonds
md securities, Of all the banks in the
state, IN the hands Of the Auditor.
fund twenty n banks short OF the
required security. a little less than
s3oo,ooO, and made 4 cal nron tho
same to produce the additional securi-
tics. within thirty-fivc days from that
date. The present law requires the
banks t. place in the hands Of the State
Auditor, State Stocks, bonds or Other
securities, subject to his approval to the
amount Of ten per cent. above their is
sue. The banks called upon ~ ,hc
Commissioners, We're organized before
tbs Law was made, end have since
omitted II advance the necessary Sc
c%afitiaS. The most i rot all, however.
wii respond Immediately. The bro
kers ana bankers however agreed to
throw ont for the present tie follow
ing:
American Exchange Bank.
Bank Of Aurora.
Bank of tho Commonwealth
Bank Of Raleigh,
Corn Exchange Bank,
National Bank,
State Bank Of Illinois.
These however, arc worth something,
\ and probably the most Of them viii
soon fake their place on a par with
other Illinois money. Shoull thew not
1 BY the expiration Of the tl~irtv-fye
/ days, they will be closed. and their
stocks sold, and the money arising from
the same be applied to the redemption
Of the bills, 50 far as it goes, 50 Aat
under the worst circumstances. it will
be seen the bills are not worthless.
1 Since writing the above, vs. have
lsa.ac,..ha! al the banks ~havceivcn Me
required security, exeap. the bank Of
Aurora.
The Secession movement continues.
although we think it is somewhat
abating. In II columns elsewhere
| will be found dispatches concerning the
the same, and for which considerable
allowance must be made, because they
e'aenate mostly trom secession sympa-
thizers.
Congress commences its. next session
next Monday, when no doubt we shall
learn the true position Of the President
On the secession movement, ia Lis an
pual message.
/ Kansas III for a largo share Of
pubic attention 1T the present tine
Owing 70 a severe drouth, crops were
cut short, and the consequence is,manv
81 Ter people are represented il. a starry
me- condition, and almost entirely des-
J sitate Of clothing. L is said some are
actually making garments from the
. bark Of trees. The people Of the Eas-
/ tern States, Illinois and the eastern part
Of our own State are contributing
i LARGELY for her relief. Will not central
Iowa 90 something's In addition to
these troubles, Montgomery is heading
Q band ofmen, and has already crossed
the western border Of Missouri, for the
purpose 1t IS asserted of liberatine
slaves, in retaliation for offences com
Matted by border Mis'rians, and for be-
lng driven Of the Cherokee lands. 9th
CT account have it that the forced land
sales b. the President in these suffering
times, has driven him to take this
course. Tie President has ordered
Gen Harvey 70 put a stop to his forays
with I. S, Troops. The Coy. of Mis-
souri, has also taken steps to arrest his
progress.
On The 22d inst, a large fire in Chi
cage destroyed the large five story brick
building, No. s. and 81 Franklin ST..
occupied BY Messrs. o. r. Fuller &
Co, Wholesale Druggists. Their loss
i from $4,000 to 100000. Insured
for about $4,000. Others sustained
small losses Before the flames had
reach the third story, an explosion
took place, which elevated the whole
building built Of brick and stone 5oxsO
feet. II Of course fell a mass Of ruins.
Hon. Abraham Lincoln, President
elect. and Hon. Hannibal Hamlin. Vice
President elect, last week met at the
fremont House, IN Chicago, accord
tig 60 ! previous arrangement. The
.84NteI Mas @I.Z N2Hm 49, ~ - -