, 1861-07-16
MONETARY.
MONDAY EVENING, July 15, 1et

MOaDAY AFxNINut 1uuJ ID, ls6l.
The week opens dull and uninteresting anau-
chilly In the channels Of trade generally money
is Eca1ee, and 10 likely to be 20 TIL business cau
ad}uft Itself to the new order Of things on which
we have entered. Advances can be readily OBJ
tanned On produce bil1s from agents Of eastern
houses, and In this regard We hear no complaints
we presume that ample arrangements will be
made to meet all the demands OF the incoming
crop by the time 1t is ready to be moved. 1tthere
isany lack Of good currency, there is an abuu-
dance Of coin in New York, which'holders will be
very willing to exchange for the products Of the
West. Our farmers, having had bank rags in
abundance, will be very willing to accept the real
Lard money, If at any time currency should be
scarce. This yicw.-for we mean to be liberal
does not lead to exclude the following article On
THE CURRENCY QUESTION.
MEssRs. Ep1rcRs IL see in your valuable paper.
structures upon our currency from time to time:
ion aGyocate Bullion, Bullion, and Bullion banks.
clly: The Savings Ioan and Trust company have ave
pitched on to your idea, and are doing all they can
to bling about an exclusively gold and silver cur
commerce Of The gr<at and 9rowing STATE IT Iova,
By refusing the notes Of the branches Of her ststc
Bsnk. <zeept at dhree Pr etnt dtseoxnt
CURRENCY, convertible at the will Of the holder,
into gold. We have been certainly cnrscd for
many Ee&f2 III [h1t state VIII QUACKERT In hank
ing as well as many other things.
Yonr soar against a4 paper money think not
aeneible. Some six weeks since it became apparent
that the bank mot. notes knew1 stp:gK must be
bank notes of liz State Banks q Ohio 1ndi4na and
tibility. should form The basis Of our currency m
Owl: No one, Messrs. Editors. Is more
sa5s and COM eonsensnt i circulating aed Medium o. bn
while involved In this war let US Do ebest ee caa,
and apotd sztraragdncs; bring all the trade We
= gs asnag SSss sSat Rsysg Re e
convert. The city Of St. Louis vii be deii~bted d
to learn that we ask per cent discount upon
us the character Of Shglock to ask It. It is sui
ihope aid trust, Mesara. Editors, tha. we ahall
920u s. treasury notes, ample for the actual
wants Of the country. I, for one. au for trying
t @ thsy ,sa do sqt II I sba tg ssSn
hope The merchants ef Iowa wtll al come here to
trade. and bring Us their bank notes and let us
take them at par and chow our
CHICAGO, July IT, 1861.
Our friend Common Sense has large share
Of that valuable commodity; but the solid ICON.
mon fense" OF the people will, nevertheless, prefer
the coin to the currency, In every particular With
our correspondent, VIC are willing to take currency
that Ia at all times convertible at the will of the
holder into gold.'' We believe the bills of the
State Bank OF Iowa to be such currency, and
hence in common with our business public gener-
ally we take them freely. 1t ia to be regretted On
many accounts that any banking house In the city
should make an effort to depreeiate them, for 1t is
plainly to the interest Of all our merchants and
business men to cultivate the best Of relations
With the people Of Iowa; but one bank cannot