The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1861-05-16
Es.y.SyGEs MONEY AND THE
nss.FsH.

~ si'' 'iNSS'N.ttN - ~ti'' ~ 'ttF> 49,
and the rest Of community from the
Inconvenience of thst uncertain circn'a
ting medium, Illinois currency. But
few Of Them arc aware that they are
IN de tie Instruments through which
til; currency "a ST af,oat, end yet not
wi.hs.anlns their ignorance, or want
Of information upon tl,l, matter, it i
nevertheless true. MANY Of them have
some of,his deprecated Illinois c,;rron-
c, now IN their pockets, white in their
hesrls they curso tie State Of Illinois
AL al its..rotten banking institutions;
Little t in'iag .l,at with ordinary sasae
it, they nieiit hsye avoided being the
nos Of these rncrcirss lnoiliel cor
p8ratons. At the time the c.ll was
made upon . number Ct these banks
fir sn Increase If their securities il the
Auditor q states department, suspic
ion should have rested upon every
bank because that sho Sel that the
State hai been very lcnIcnt and in,!.ll
gent in Ler banking laws, and rs natu-
raj consequence, corporations, without
Il firm basis, 1oald engage in banking,
Ter The tory purpose o.! falling in the
esd, and poeketing what the people
roll.l he Obliged = lose. Bnt lnstea,,
Of this our farmers would continue to
take il in payment ior their GRAIN so
lcaG . il voull feat from day 10 dry
a. currency, bring il home ami pay
tl.sir humorous small Obligations with
it. Their creditors, seeiHg but little
Other money at,eas, because This very
carfency lad crowded il out, took it in
payment as the best and IN fact onl,
thing offered, o. to he offered. They
also il turn discharged their obligations
with i. Gu merchants took it, be.
cause ll' Iit'e os II, other money was
presented; and thew must esther stop
tladipg or sccapi it. Oar flrlners
would continue to take it III payment
for every load # pork or wheat taken
u market, because, our merchants con
timed to accept It, ii;.le thinking the
necessities by which the latter were
compelled; ana thus matters continued
until very large amoun. Of this mon
e. wss floating among the people, when
suddenly the brokers declared that
much Of it had deprecated in value
and would not accept it for It's face, but
hoasit It il at lar.e discount, with
tie intention Of soon declaring it al
right, and passing It off upon the peo-
pie for It's faIl face, they poel,eting the
profit AM the people pocketins the
loss.
But eav our farmers, what can we
90 we had 10 other money offered us.
md we had Is take that or none for
CIR produce. Not SO gentlemen. You
''sy have had no other money offered
.on at first, and because Won accepted
i, buyers continued 20 supply You with
It. ~ pa!inii'g off npon you This cur
rency they undoubtedly made, an aadi-
tional speculation upon your produce.
OF at least ten per cent. in exchanging
good benkable funds, for this miserable
Illinois currency.
But You say perhaps, what shall we
do in the future, still having a large
quantity Of wheat on hand !? We an
sWer this, and really wish there is not
a man, that has grain of wheat to
sell, who has not pluck enough to carry
II out When you 90 to market, first
see that You sell Your load to some re-
spensible msn. Nothing will undoubt
cdly be said about tho kind Of money
yon are 70 be paid, until after you have
delivered the grain. You will then be
offered Illinois trash. Tell the pur
chaser you 10 not recognize that as
money. He will:answer you that he
can only pay you in that, and unless
You accept j, you can 90 and get Your
wheat. Reply to him that YOU made
fair contract and performed on your
part BY the delivery Of the grain, and
u he IS willing TO pay you in gold and
silver, State Bank Of Iowa, or good
Eastern funds, you will accept it, other.
Wis you will commence al action at