, 1860-04-12

lfion tpe new Ufieaus LIE ta.J
Nothing strikes Southern man-especially
one from Sew Orleans-wish more surprise, on
frat waiting the great, progressing and
wealthy Northwest. than the nonetary and
banking systems of that section. so enljyht-
ened, an1erprisiDg and sagncious in other
spheres, it e1cites our special wonder that
this people should sanction and support none
tary system which bsars upon its face the
badge Of fraud, and in its character aud ef-
fects betrays a great lack of intelligence. Of
knoxledge Of the most common rules Of ro]iti-
Cal aud social economy, ind Of the laws of trade.
While n most other essentials OF high civifiza-
ton the Northwest will compare with my other
section Of our country, III its monetary md
financial ideas and customs it can scarcely be
considered IS haying emerged from the semi-
civilized state. The whole country is flooded
with shinp1asters, put in circulation by distant
banks, whose RESOURCES ore unknown to those
who have to use them, aud which in most cases
hare been sent long distance Of, to prevent
their coming back on the banks, the majority
OF which are mere bogus concerns. This IS
true not only of the wildcat banks of the West,
but Of many in the East. Tue very best OF
them out OF the great cities are unable 10 stand
run. and by the diffusion Of their paper through
region where no other money exists, they pre-
vent such a run. Their notes pass from hand
to hand with little attention inquiry as to the
responsibility Of the banks issuing Them. Now
md then when in doubt, 8 B4nt Aote 'snorter,
which eyery dealer has to keep by his side, is
.e.cu w. ~ Th t,ea, 'a.s pto;, E,, st .e uiee'
tatu eu'1e: Ans J's .n.5 ~. !.e 'ne tssus
VI 'ne eos y. ~ MI "u -, - So
~, auu :. ~ Ap ~ %.u lIG nI" eui.
are usually for small amounts, from one dollar
up, and nre printed on bad paper, purposely to
wear out us quickly Us possible. They di*place
~ rar..I vi s;nI,, .,'an saia ~ s;,~.r do11.r
80. s su ~. =, 80 sa,,rs. of.-a5a 10''0A
e,tsas. =, ~. r,..,'a. hnt,-,o., A.. vo.,1
Sou. e.t :" ~ ~. o." .aI;
ahon" t3.,t ,ri,;s IN sn,,,. I',,ar nnharss ~ 70
sno"s ~. "u"s ~ s;t., Goe ~ o'n ug'e ~
Ha'e ~. ~ pa.e "u tu ;. =; nlise ~ tne
snsas5' nvre5 Ga 94a-a .1ara Ia.. hn,,-;n ~ Gua
noasaay ssoi;d socuea hoss Hs~s i oinna a,s
Ipoa au' 'nix ,roa;h;to1 ~ tt,a 800 ~
snnplas'c's ~ ~! p1uai, psi uat ai,os,5 ens ,S'5
IoSsess'on ~ 1a aneA! % .spiva'n - % -
oassraee. 4ne '3I a'ap 9 "no Mou1d aIempt 20 or
eu'a'c tns "oIu e,a ue a.se" nu W ans puce' ~ rs
which Eve dcl1ars is the smallest denomination,
are secured dollar Tor dollar. and specie not 3t
ohly aoonnos, oRt VIC nave sucn plc'hotn o1 u
tllat the banks refnse TO- reeeisc 1t on deposit
or ~ pay Hsht o. notes, ana sue Custom uouse
decl1nes te rceolFe 1t Tor duties. Gold, too, is
equalay anunoant. ;.;,. ,.u
sery amusing inclaen1 lell under our 90. 90
sersI''on so"s aayS aso, lHust!ntlEe Of the I'LL
'esen. 1aeas o. oaAk 1espons.oliitv, which pre-
van IN uss soltaNest una IN the south. d
rathef reFdant 'naiFlaua' naa received in one
q inc A"rtn"estern States a cheek on New
orleans psnk, "nfon. IN observance OF very
c:lnu,on caution, lie nao taken cure to hare
made payable n specie. on presenting his
check, tue specie WAS quickly and K'adly sho7-
eied ont tu Linn; but tirdine, that i; was II