The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1860-07-14
THE LAWRENCE RANk.


'E. A. Smith, Cashier Of the Lawrence
Bank, occupies half column in the last
Lawrence Republican in what be calls a
statement of facts intended to correct
the "unmitigated falsehoods. of which be
says our article on 'Wild Cats" in THE
News of the Esd ult., was composed
We propose to reply TO that portion OF
Mr.. Smiths article, which is pertinent to
the issue. He says:
Zone statement he (we) makes is true and that is
simply that two thirds Of the securities pledged
for the redemption of our bills are bonds of this
Territory. The balance of the article has not one
single particle of truth in it. The legality Of these
bonds will not attempt at this time to discuss.
One of the very points zoe propose to
discuss" is the LEGALITY" of these Terrific
rial bonds, on which two-thirds of the cir
culation of this "Bank" is based. That is
one of the points We made against the in
stitution-that these bonds were illegal.
Mr.. Smith himself admits that there is
doubt of their legality. else what is there
to be determined" concerning them by
''the people ?" It won't do. Mr.. Smith. to
dodge this point. The sufficiency and
character of the security on which you is
sue your bills is of the very essence of this
controversy and matter about which SEN
sibie business men win inquire before TAX
ing your currency.
We give the remainder of the article in
full
ssIn the FIRST place he go-s on to state that our
charter is not legal and the basis Of the Bank IL
good for nothing. In the second place, he says
that we have quietly extended our circulation.
until now assume 20 control the money ma rket
of Lawrence In the third place, that we now try
to force people to take issue. and that have
recently made exchange with concerns of q
similar character in Wisconsin,, whereby our bills
will be circulated IN Wisconsin, and the worth
less Wisconsin stuff in kansas. Lastly, one Nor
row and gent named Sherwood ere put forward
TO pull the "wool" over the peoples eyes, while
the s'dignitaries" pick their pockets.
1858, and is in every respect quite as stringent as
the banking laws of the States 1t IS rs good a
guarantee against swinding as could be asked for.
The stockholders are NIL responsible men, and i've
in Douglas county. with the exception of two or
three who reside IN Missouri and Illinois. Our
charter makes each aud every stockhclder liable
for all the debts of the Bank. As to quietly ex
tending our circulation. that must be so. for we
thirds of which will venture 10 state. lie IN the
hands of business men Of Lawrence.
sWe never have tried TO force our currency upon
say one bet, on the contrary, have refused to pay
il out. unless 70 parties who willing 70 take
the risk of keeping few dollars Of it ovrr night
I'VE have had no eo.respondence with Banks
out of the Territory, and never have exchanged Q
single dollar with any Bank in Wisconsin o. Illi.
Roiss and do not expect to. Even If We should be
50 fortunate as TO exshangs our noney for Wiscon-
SIN money, the people mead not gizs themselves
say uneasiness about it. for there is not one ile
gidmate hank in Wisconsin, and has not been
2spee the General Banking law was passed. and
that Was about ten years ago. The bills Of every
Bank In Wisconsin secured bv u.edZe Of pr6.
lie stock, and redeemed in coin
e'All The parties concerned in this Bank are well
known TO the people Of this Territory, and As fog
there being silent partners in the eoaeern Who
figure behind The Scenes" appears to be better
understood by the editor of the Eayeris Ness than
snrself shall Be happy to furnish him or any
one else ths names Of eli our stockholders aud d.