The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1861-04-09


We copy the following from the ST. Louis
Democrat in order to show our readers who
have not seen the arsicls) how the swindling
operations Of the Chicago bankers are viewed
in ST. Louis. We presume the throwing out
of the Wisconsin banks is only another poll
tic stroke in their swindling game. Chicago,
and ito way OF doing business, must become
immensely popular 10 Iowa-s'over the left.'
ILLINOIS MoNHY.-Ths futter occaeioned
here by the "throwing out" OF the notes OF
the thirty.two Illinois banks ut Chicago, has
Quoted down, and = published statement of
the Illinois State Auditor has afforded very
general relief. The Asditor's statement
completely exposes the trick OF the Chicago
banks 10 this now wholesale discredit OF their
own money, and exhibits the game BY which
the Chicago bankers, from purely mercensry
motives, subject the public TO such loss and
inconveniepce. The statement clearly vindi-
sates the suggestion in our last, that the banks
discredited are - sound in securities as those
whose notes are yet taken at par 10 Chicago,
and the only conclusion deducible from the
evidence 10, that Chicago 10 not 90 deeply in-
fsrested in the banks thrown ont, - ia the
cocoanut, and proves the necessity OF prompt
action on the part OF our bankers 10 setting
things right again, and make themselves in.
dependent Of On Subscriptions lot OF sharp.
ers Who would rob the people to enrich them.
selves. For instance, to make the case strong
against Chicago, twenty out OF tho thirty
two last thrown out, have securities which,
ct the present price OF stocks, make their
q hn Aoti
and one OF thcm-the Lancaster Bsnk--act-
ually has more in value OF stocks on deposit
than il has notes in circulation. But that
bank 10 particular happens 70 be owned
mostly BY parties in St. Louis, and of course
that fact alone WAS sufficient reason for
throwing il out by Chicago. Another fact
which will strengthen tho present securities
Of thes banks 10, that the semi. annual cou-
pons duo on the LIST OF July nexs--only nines3
DAYS hence will raise their notes to about
par, and some OF them above. Under these
circumstances, what else 10 it bat down.
right swindle to discredit them, just at time
when their bills are in the hands OF those
least able to stand the loss? We learn that
the Building and Savings Association restore
and take Ct par the notes OF Pamct Bank,
LANCASTER Bank, and Bank Of Benton, and
days. The State Servings Association receive
as usual tho notes OF the Kane County Bank,
Pamet Bank, Corn Planters Bank and Ian.
caster Bank; and arrangements are making
BY which seven or eight others will be re-
stored.
| The secessIon Triumph IN 81. LOuls.
| The secessionists were victorious 1t the
recent election IN St. Louis by means Of q
cordial coalition with tho semi sesessionistl
| or conditional Unionisss. To show the tenn.
per and spirit Of the triumphant party 10 shs
city election, We copy tho following letter
received BY friend yesterday:
Sr. LOUIS, April 8, 1861.
/ FRIEND Ep~ n As you will see by tn,
returns in this paper send you that St. Lou
is has redeemed herself once more, and i
now herself oncs more white. We had
glorious time 10 cleaning out the Dutch. A
present have not much time to write ! an
short OF writing materials. As this beading
may be some good to your Republican friends
will enclose this in an envelope Of the 90
cession flag OF the South. We intend to rails
it in few DAYS.
Your humble servant,
A.
The printed circular referred to is % fol
blows:
We, the undersigned, agree to form our
selves into Companies OF "sIinuve Men,
upon the following basis Of principles:
/. That if any State or States Of thi
Union, aggrieved by the hostile and uncon
sti,utional acts Of the Black Republican par
ty, shall exercise the right to secede from tn
present Confederacy, and the Federal Gov
eminent shall, thereupon, attempt TO coerc
. such State or States back into the Unior
Missouri ought to resist such attempt, b
/. arms, il need be.
4 2. That, on the event Of a disruption Q
this Onion, the honor and safety Of Missou,
Z impel her to espouse the cause Of the South
: ern Ststes, and, in euch case, We should en-
, desvor to unite oil the slsveholding States
one Confederacy.