The Kenosha telegraph and tribune. [volume] (Kenosha, Wis.) 1859-1860, 1860-04-12


not be gone into now. Ny object was only to
commend this Chicago article to your attention,
and that of your readers but / do hope that
some means may be devised by which the good
name of our city can be restored and that the
cooperation of the press will be given to such
an undertaking. and that we will not calmly sit
down and to all our other calamities add the
greater one of reputation.
Western Credit.
The letter from Boston which we publish this
morning, in another column, indicates very clear
y the feeling with which the move towards vir-
tual Reputation by some of the counties and
towns of this State is regarded in the great f.
nancial centres of the country. There has new
er been a time when the people of Illinois were
so lily prepared to indulge in this costly luxury
as now. Slowly recovering. as they are, from
the effects of severe financial revulsion they
need more than ever before all the advantages
which spring from good name-from an integ-
rity never impeached and an honor to which no
stain attaches. What they have al, eady lost
by the ill-advised action Of less than balf-a- doz
en- countless it would be difficnlt to estimate
We were shown, a few days ago. letter from a
distinguished fnanceer of New York, to a citizen
| of Schuyler County, under the cover of which
| several bonds of that county which had been
sent to the writer for negotiation were returned
with the assurance that even if he were to con-
sent to become party to their sale, purchase
CIR could not be found. And he added. "Ihe
course Of Hancock and Schuyler Counties IN re.
pudiat.ng, keeps flee millions cfmOney out Of Ill.,
imOiS that acOuLd otherwise hare Teen expended
there 'c,thin the nert eighteen months" This is
the way it works. The innocent are made to
suffer equally with the guilty-the honest eC Ial-
ly with the dishonest and return of prosper>
Gus times is indefinitely postponed. We repeat
what we have said more than once already, that
this thing of virtual reputation must be stopped
at once, or the state will be set back more than a
quarter of century in the race of progress Self
preservation-to say nothing of the obligations
OF honesty and honor--require it. The exam
pie of Alton is worthy of imitation, and we hope
to see it promptly followed where ever the first
fatal step has been taken. Instead of urging the
technical plea of IRE gu!arity in the issue, and
taking temporary refuge behind the courts, let
the consideration that the bonds were issued
and received in good faith be sufficient to
prompt the determination to shoulder the bur
then like honest men. Any other course will be
traught with widespread aud long-continued
disaster. Chicago Press and Tribune.
BosroN MASS. APRIL 4, 1860.
Editors Press and Tribune: By your article
Western Credit, you have done the best SER
vice which any man could render in the West
The article must do great good there, as it will
set people to thinking, and have tendency to
arrest the insane attempt at reputation so I'M
wisely commenced The idea of reputation
at the West is most insane. Character jipteg-
rity, future growth and progress, the great
West cannot afford to throw away. Asa rem
edy of even present, evils reputation is like the
remedy of the cup to the inebriate, which if it
browns present ills, also browns future prosper
ity. No Community can afford to ignore the
principles of Justice, of good faith and integrity
The credit of Illinois has been above suspicion
heretofore, and that man is her enemy who
would now strike at her egood name and good
credit.
1 have said your article must do great good at
the West and to the West. The credit even OF
your great and growing city. Chicago, has
suffered by the reports of Illinois repudia-
ton.
The sentiments of your article have done
great good at the East. We take it as an ind-
cation OF an honest purpose and a disposition to
do the honest thing.
savings institution here which has invested
for Its trusts in the bonds of the city of Chica-
go, upon the reports of Illinois population, had
determined to change the investment-upon the
reading of that article changed its determine
ton. Its faith in Chicago bonds is restored
1t believes they were issued in good faith and
will faithfully be paid
trust and hope that we have seen and heard
the last OF reputation at the West, and letters
received from all parts of your State indicate
that the people of Illinois will never disgrace
themselves by reputation; that the attempts, in
some few instances made, do not reflect the tone
and sentiment of the Illinois people.
10 States, communities, and individuals all, !
experience teaches that lesson that honesty is |
the best policy in the long run, considered on
y in the light of selftinterest.
The value of property, houses and lands de-
bend much upon their surroundings. Who
would wish to own property, much less to invest
n community where obligations avs reck-
essly disregarded.