St. Charles City Republican intelligencer. [volume] (St. Charles City [Charles City], Iowa) 1857-1861, 1860-01-19

upOn the condition of these branches contained
! in a consolidated statement published by the
! President, Chester Weed, Esq, for the m,or-
nation of the public. on the 9TH of last month
which makes it perhaps. unnecessary to en-
brace them in this communication. There are
applications pending for four more branches,
and the probability is that the number will be
increased to twenty in all in the course of this
year. which will he able, it is thought, to sup
ply the wants Of the tegi,im to business of the
State for some years. If these branches have
not accomplished all that the public expect of
them, it is gratifying, at least, to know that
they have done a cautious and safe business
commanding the confidence of the people,
whilst they have in no small degree subscrvcd
the interest of the community at large In re-
| licving the reasonable wants of its business
| men.
If the very extraordinary financial pressure
in the midst of which they commenced their
business, has limited their operations on the
one hand it has, upon the other, insured de-
gree of caution and prudence in the manage
mcnt of their business, which is worthy Of
| all praise, and cannot fail to commend them
to the confidence of the public In this con-
nection will be pardoned for suggesting, that
inasmuch as the State has lent to this institu-
ton its name and participate to some extent
in managing and directing its operations,
through these Directors of its own appoint
|
press its willingness to receive the issues OF
these branches in payment of taxes.
| Standing in this intimate relation to these
Institutions it is but just that the State should,
| in this way, add its confidence to that of the
public, which is an element of such vital i'm.
portance to their successful operations. l need
not add that this policy, in my Judgment,
would greatly subserve the interest and con,
vcnicnce of the taxpayer, whilst it would
tend to draw much of the foreign free bank
money out of our State and fill its place with
| our own issues.
beg to say, that desire to be held alone
responsible for this recommendation, as it does
not emanatc from the request or even snSges-
| ton of any of the parties interested in the
banks.
have not understood that any banks have
been established under the Free Banking Law.
| Have heard it suggested that it was too strin-
gent and ought to be modified. l doubt
whether an application of this kind ought to
be entertained should one be made. 1t is the
want of these stringent provisions in the Free
Banking systems of Illinois and Wisconsin
that have flooded those States and Iowa with
their irredeemable paper. 1t is infinitely bet
or State banks, if their paper cannot be re-
deemed on demand in specie.
| Under the I'D section of the present Reve-
nue. law, the Auditor has and is saving large
proportion of the expense attending the col
lection of the State Treasury under the former
system The allowance of mileage to the
County Treasurers, us formerly done, was al,
expensive mode and less reliable than the one
now adopted From the more populous coun
ties of the State the revenue is now paid into
the nearest branch of the State Bank, and Ii
thence forwarded to the State Treasury, at tho
. Capitol, at the risk Of the bank and upon
, economical terms.
| am of the opinion that the State can fur
, Their economize the system of receiving anC
disbursing the public revenue 10y slight mod
sfication of its laws. 1t may legitimatel!
| make the bank, to some extent, the hsca
@ agent of the State. The revenue being frs
moved from the populous counties to the Cap
y itol, must be moved back again in large part
in disbursements, for the use of the public in
situations in different parts of the State, ant
to pay off their officers.
| 4 considerable amount has now been pal,
; in New York, semi annually, for interest OF
the outstanding State loan and the rates o
: exchange as well as the transportation of spc
Gle which must be paid by the State. are les
. from the river counties than from the interior
If the Auditor should be authorized by YOU
legislation to direct the payment from any
county, to be made at any branch OF the Statt
. Bank, to be designated by him, and thence
ordered into the State Treasury, us now-o
Z thence disbursed on warrants directed to sucl
u branch, in his discretion, it would save til
u transportation, both ways. of Il large part c
; the revenue, and save time in reaching til
: public creditor He is already authorized
l. have it paid into the Bank in transit to tn
&c treasury The additional power requisite
Is to disburse on warrant directed to the bank
: This system would prevent any large account
% lation of money at one point, and would a's
= avoid some risks of loss inevitably attcndin
l, double transportation of the funds while Ia
!" security of the State would be equal 1t not 81
% pcrior to that of the official bond. These red
q sons. together with the financial economy SC
Is cured by it, commend it to your consideration
REGISTRY LAW.
e renew the recommendation of my prede
a cessor, In the enactment of such a law, an
! earnestly commend to your attention the suG
c gestions and remarks which he had the hone
to submit to the last General Assembly upo
!, this subject.
al STATE ARMS AND VOLUNTEER CORPS.
~. N The quota of arms drawn by each State is
7 proportion to its representation in Congress
go This provision of law operates to the disa'
Ia vantage of the new States, whose populatio
=; usually is much in advance of such represent;
ton Thus far our supply has been wholly il
y adequate to the demand. A chivalrous spir
pervades the minds of our young men. All
many highly creditable companies have bee
organized in the State, although we have Ina
pe no military law, the enactment of whiC
lu should now engage your serious attention.
IL The reception, custody, and distribution
IL the public arms, coupled with the large co
re rcspondcnce that necessarily grows out of
II makes this branch of the public service bot
IT. burthensome and expensive to some exten
a. which should be provided for by law. III
he duties connected Herewith have been for Il
IN performed by the present Adjuttnt General
IN State, Gen. Jesse Bowen, whose compensate
IN has borne no proportion for his official obligi
III tions and laboB.
STATE HISTORICAL s0CIEEY
of A communication from the Executive Con
lie mittee Of this organization will be laid bcfol
ne you, exhibiting a most satisfactory account
he the condition and prospects of the Society
lis than which it is believed no similar operato
i'll in the whole land has accomplished SO muc
te in the same time.
t. In the hands of its present friends it prom
~ ises to add great honor and credit to the Stat
For further information in relation to i
history, progress and aims, refer you to I'll
communication already referred to and all
C. to the report of the Treasurer of this Societ,
nd the vouchers of whose disbursements are file
mt in my Office accessible to any committee you
n respective bodies may appoint to examine Il
I'd same. ] cordially concur in the appropriate
~ asked for by the Executive Committee
- FRONTIER DIFFICULTIES.
y Congress made an appropriation of 5000
IS in behalf of the citizens of Minnesota an
l, Iowa. to dcfray the expenses of their variou
:, expeditions against Ink pa-dut tab and HI
lie band, for the murders committed at Spir
Of Lake in the spring Of 1857 1t was require
c. that these expenses should be proved up b.
of fore Major Cullam, superintendent of India
n Affairs ut St. Paul. This was done, and I'll
amount allowed tie Iowa expedition undo
Major Williams, was SO ,6l2 43, which is no
on being disbursed to the privates and Office
:, composing the same.
~ Under the act authorizing the Governor
: :, raise a company of mounted men for the d
~ ~ fence and protection of our frontier approve
10 Feb. 9th, 1853, / beg to say, that thirty sue
~ men, known as the Frontier Guards, arm,
NO NO and equipped as required, were organized al
- mustered into service under the command
"a Capt. Henry b. Martin, of Webster City, abo
,a the first of March then following and were d
~, nf vided into two companies one stationed
VI the Little Sioux River, the other at Spin
Il Nl.a...