Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1861-06-06
Currency Question Make No
sSacrifices.
We notice that all merchants and other

Sacrifices.
We notice that all merchants and other
business men who do their trading and
banking at Galena or Chicago are COMPEL
ed to refuse all Wisconsin currency, because
the same is refused at Galena and Chicago,
EXCEPT at rrinous rates of discount On
the contrary, those who purchase their sup
plies, deposit their money and buy their
exchange at Milwaukee, are taking Wiscon-
sin currency at par because the same is
taken at par in Milwaukee. And as at
least three-fourths Of all the money in cir
culation in Grant County, is Wisconsin cur
rency, as a matter Of course the almost en-
tire trading business of farmers is being
done with the few merchants who trade
and do their business at Milwaukee. The
result is, that merchants who trade at Ga
lena and Chicago are almost forsaken BY
their usual customers, while such merchants
as trade at Milwaukee are doing vastly
more than their share Of business. Platte
vile, Lancaster Potosi and Hazel Green
belong to the Galena district oftrade, while
Boscobel, Patch Grove, Wingyile and 9th
er places in the north part Of the county,
belong to Milwaukee 1thus, the fact that
Wisconsin money Of the credited list is tax
en- at par in the north, there is heavy
popular run from the south part of the
county towards the north to put of Wis
consin paper at par, 50 that the merchants
in the north part Of the county must be
doing heavy trade. Every day men are
seen huriying north toward Roscobel to
shove off their paper rather than submit to
the 10 to 90 per cent. shave practiced in
bounds Of the Galona trade and influence.
The effect must be to cause the MGR
chants and business men Of the south part
of the county to follow their customers and
open business with Milwaukee. Already
one Of the Lancaster merchants has gone
to Milwaukee, to see what he can do he
will doubtless return and say the popular
current has been right in deserving the Ga
lena and Chicago trade. lie too will de-
sert it and henceforth, with many others,
open trade with Milwaukee, change which
we have recommended for months as essen
tial to the public and trade interests Of al
most the entire county Of Grant This
matter Of m entire region Of country resort
Ing Immediately to hard currency, desert
ing three-fourths Of the money in circula-
ton and leaving it in the hands of people
TO lose when the aotne might be saved bv
the merchants who can send it off to Mil
waukee and there procure exchange there
for at 6 per cent, is scarcely commemorate.
Merchants who are receiving Wisconsin
currency at the rate fixed by Bank Comp
troller, varying from 10 10 90 per cent.
discount, will be suspected Of forwarding
the same to Milwaukee to be used at par
and we confess they would be foolish to
not make such turn. Thus, the charge of
swmdling people may be preferred most
justly against those who persuade people
to part with credited paper at discount,
unless arrangements are made for restitu-
ton. All considered, we see no way but
the one we have all along practiced-take
credited Wisconsin paper at par and send
the same to Milwaukee otherwise, follow
the drift Of affairs as they do elsewhere.
Accordingly, we advise all to not sacri-
flee farthing on credited Wisconsin mop-
ey, list Of which appears in our paper.
AT the same time, let it slide for debts or
have 1t sent to Milwaukee and exchanged
for gold