Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1861-08-07

than IFS friends had for long time be-
lieyed-judging by their practice-for
they deprecated the credit Of third Of
the banks to so cts. on the dollar, then
wanted to discredit 10 more after paying
out all the paper in their hands Of said 10
to the laborers and soldiers.
The Comptroller proves BY figures and
undoubted facts that discredited or stump
tail currency varies in true value from 70
down to so cents on the dollar, and thinks
nearly or quite all will be par soon in def
ance Of the friends Of rag money who me,
in April to condemn said banks known as
" discredited," and by mutual alliance ele-
yate their own banks to nominal but I'M
real par-the exchange rate continuing all
along at 10 to 20 per cent. against said
allied "creditedn banks. Under the Comp
trollers Report public confidence reyiyes at
once and exchange falls to 6 or 7 per cent
Such of the people and merchants as have
not been scared and have held on to their
'sdiscredited," are Therefore tolerably disa-
bused; and as we happen to be one of the
faithful TO the amount Of $500 on hand,
we cherish the Comptroller as sound on
/ the goose-provided the bankers don't
re-assemble and resolve to discredit their
own paper in order to buy it at so per
cent. discount.
The Comptroller dresses up the banks
in his best costume, then adds buster OF
figured stuff, but totally neglects showing
their under garments. Indeed he argues
well their cause against the people,
Courtesy, perhaps discretion, might sug-
gest that he ought to have allowed the
people to furnish through some attorney
an adverse brief, to be printed along with
his report, showing as follows:
First, That during the late heavy grain
market season the Wisconsin Banks paid
out only Illinois money to grain buyers
who dealt the same to farmers amounting
to one or more millions of dollars; then
when peoples pockets got to be well fed
and the people rich feeling, the banks
turned about and discredited the same Ill
inois money which they had introduced
charging two or three per cent. for redeem
ing the same with Wisconsin currency.
Second, That just the day before the
bankers and shavers discgedited the ten
banks, they paid out litt'e or nothing else
but the paper Of said ten-thus, showing
their concerted, mutual conspiracy; that
they paid such paper on Saturday pay -day
to laborers and soldiers-that the banks
Immediately thereafter closed down against
said ten banks, refusing to receive the
same paper they had just paid out--al-
though their advertised agreement was TO
receive and uphold the same ill LIST of
December next; that an infatuated mob Of
Germans, having the hearts Of the people
on their side, very soon raised to demolish
the chief conspirators, but were repulsed
by the identical loyal people and soldiers
who had just been robbed by the treacher-
Gus, infamous bankers Of Milwaukee and
other parts Of the State.
These, with many other showings ought,
We contend, to have appeared along with
the Comptrollers Report; he ought to
have presented these things on behalf the
people who elected him to see to their
rights and protect the public; his whole
course Of conduct in taking care Of the
Banks, the Banks to take care Of the peo-
pie, reminds US of the argument that the
highest duty Of government is to take care
of the rich who have to take care Of the
poor--a doctrine charged TO the pqlernity
Of Alexander Hamilton, father Of the Old
.. S. Bank. We say these things in the
full knowledge that the heavens are being
moved il possible TO elect some chief Bank
er successor 70 Mr.. Van stienwyk, and thus
early we protest against any more Bank
cats-paws. Elect Comptroller, who,
though friend to Banks is yet friend to
the people, and cot 50 numbered at the
start by having Bankers for bondsmen as
u be responsible to none others. Elect
some man for the place who feels that the
people are number one all else but God
number two. If We are to have money
gods, LET such gods be gold, not paper del
tes-such as retain value after passing
through fire and wars.
---------~uz=A ~s~ -uzu.------
ES Hon. John +. Potter's committee of
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