, 1861-11-01
THE NEW BANK LAW.
Opinions Of the Country Press.
~: =. -- /. !I!LL{E.
VOTE .4AGA1AsTi::IT -:

80. = :. - II tei{/ ! ~,
VOTE :AGA1[l asTj= /: ~ =Hr:{ - s: /
Eron ths Qutnry Whhg,] !: *::
VorK Down TEE BANKING LAW.-We do /
not discover that the proposed Banking 1sNs
e be votsd opon na1t week, h:s ,ny tia@ 1sada r.
IS specie @ 6esis, snd ths h III thst the people q
this .9tate, have 3ukt suffered TO The tune q
about AUs& millions Of doT}azB from this sort OF
banking, seems to be sst1eEActoz1; bdt Me
t1nst the excitement about the M1t-on when
The Nta eats ate rs',ng-.m mon NOS e1q1s tbis
new Mild cat Aw. a mora important ~ a8
seldom been submitted to them, and Il they
neglect to vote against It, they may reasonably
expect to rue the day when another oatSh o.
Wild cat notes vii be sown over tne eEase.
hook or crook tbs bankers can get nanafed |
ballots into the boxes for their new eW1ndnng !
scheme, and there should be LEES numoer |
against it, the Law will be fastened upon Us. |
See to 1t when you go to the polls tnat 3ou
put in ballot which reads-"AQauaa the
Banking Lar on Spec:s Bas3s-"
fF1om the Belgidere Standard
Tosum Nd, all that the people will have if
they adopt the bill, is bank with NUMEROUS
branches, called specie paying ba7k, Wnich
snay be SO for time, until q circulation has
been obtained sufficient to make smash:up
paying operation. If it chooses to do so,
there ID no law to stop it or security, for the
small breed Of wild cats, without caring to ex-
pertinent with ouch q big one as this iH:ght pc
nade. We say might, tor re do not W1ah to
prejudice anJ man's vote Frovld1ng Inc
Dank and branches were always In the bands Of
honest men, We know Of no reason why they
would not be q benefit to the people Of the
State; but, as We have said, there is too much
Ct chunce for big wild cat being let loose
BY this bill, for us to vote for it. There ia
clause, We believe, IN the bill making stock
failing bank OF It's branches, but experience in
this lne has demonstrated that the feature is
no safeguard whatever against the sharp oper-
ations that banks frequently inflict upon
ccnfiding people.
under heavy penalties, that q bank Of this
purport shall always be what it Processes to
! be. There keems to be nothing less than the
| fear Of States prison, which will keep an lii
| nois 1nancier in the path Of honesty.
| fFrom the Henry County Chronlcle,l
| BANKING LAW 70 BE VOTED ON.-Voters
| Of Henry county, go to the election BY al
meaIa. Do not Stay away on any plea, lest it
be sickness. Nearly every one Of yon have
lost money enough during the last year to
have paid your expenses to 20 to New York
city and vote. By going to the election on
next Tuesday, requiring from oaet five hours
| loss Of time, and voting .tagainst the Banking
enough vote that Hay-many dollars in time
to come. This thanking law On specie
basis" is humbug. It was gotten up b.
Wild cat bankere. II is shrewd1y framed, and
tolerably well calculated to lead ths people
into the belief that they are going-if W
TO he States Of Ohio, Indiana and Iowa, Thi!
is q mistske. II it is adopted-and it col
: only be By refusal Of the people to Vote I
doWI-We will eoon be compelled to g
! through another such, if not worse, financla
crisis es that OF '57 OF spring Of I'll.
Voters Of Henry county, do you want t
ruin? If you do, stay away from the election
> and allow this humbug "banklng Law on
. specie basis to become law. II you do mol
90 to the polls as you should, aud vote agalnH
: It. The Reputation Of our State as well q
:, your own interests are at stake RecoAet
! that you are not voting for Banking Law
: suy other basis By voting against this la7
The laet Legislature passed an act entitle
!; tsAn act to establish a general system Of Ban]
y frg Oh Specie basis, IN the State OF Illinois
: and it is "for " or 81 against this particulf
= moth eyEtem for swindling from taking effsc
g or put 1t il active legal operation by going
;, the polls and TotiDg.
. From the Freeport Journal.1
= GOLD VS.. RAGs-This question is to
: settled for Illinois next Tuesday. The Ban
o irg Law proposed, though called "spec
II Basis" bill, is open to abuse, and as the ezI
F. 1ience OF the Fa6t three m0nths has demo
d strated that we need no paper money he
nothing at least more then United Status not
of We are opposed to endorsing any Banking l.
7e whatever. Let us have the gold, and let
d. "1ags" alenc. This is no party question, b
IN it is o peoples question, and one in III Mhi
1. Sc no11E ifrfs rpcfEI
v. now brings gold in this market, a:d 1t Tln ct
Il tirue to DO SO just as long as the produc
willrefnse to take anything else. The M
lie effective way to prevent anything else bel
re- offered them, is to fToHn down all propt
nd tio1s: We lave, at terrible cost, rid onrse1
be Of one brood Of vipe1s. Now let IL keep
I'D cf them. There Is certainly no present NJ
mt cf any more banks. We can get along vi
~ cut them. They would be very fine specu
NJ tions for moried men, and many tools empl
nj, ed in helping the mater along you'd accun
late wealth, but the people would sui
nt really pay its tax to this new incubus. A.
ali with il, then Go to the polls on Tuesday n
hat and haze ao1tr seigabors aM go, aud be sure
ab- get ticket agdan<t Tie Banking Law. T
'hn pronounce your verdict, and kill this meas
nv IN IFS incipie1cy.
nd From the Cantoa Register.1
RI TIE NEW BANKING LAw.-The matter
IRE. home paper currency for this Stat
70. again betofe the people IN the form Of I
sed Banking Law, upon which they are exPec
on to vote in the ensuing election. The la
'sr, very containing nearly hundred
nu- tions-aad We hare not found time to per
sct- it but We learn from those who have
letr whom We have reason to believe underst
1se. the subject far better than we do-that Il
TO are several glsring impe1iections In 1t, ri
per Of themselves ought to be sufficient TO
to demn it in the eyes Of the people. A!
ex- from these objections, however, We are
lire posed to it, and hope to see it defeated at
the election. One of the greatest curaee 7
Lied which this State has had to contend Or
port the greatest draw backs to its still greater
her more rapid advancement in wealth and T
leht perity, las been its paper currency, SO ex
siVely used as to become the basis OF ne
aoV" all business transactions, and almost to
rom clude the circulation Of specie from our mi
! IN After tie severe experience of the pre-
1ov- year We cannot think the people Of this :
asnt selves again. II they do, they ceItainl,,
a u serve to suffer the consequences-ano
n IS financial panic-Which must inevltaoly G
n e. out ol such course, sooner or lnter.
docs There is no reason Why the business Of
Sc q: State should not be transacted upon 81
that tasis except that the people consent
ency swiDdled AID put off With rag money b.
meas dealers In that trash. Ones let our pe
duty make firm stand for specie and the a
ar as will coon be abundant in our midst, and
limit Business viii not be deranged every
nted willie By the breaking Of our banks, 9
ware deprecistion OF our paoer currency. 4
not have aareadv intjmated, the power to &C
J the rlish this is In the hands OF the people
ough 7esourSea Of our State are almost en-
the from agricultural products, such as mt
the Lad In the markets which We supply
y ex- these markets almost invariably pay E
mil for our products. There is, Therefore
J one good reason why these who purchase ou
~ ar Guets fer these markets should not ais
'rmer specie for them; and If the producer
cess1' cnly refuse % take anything but spee
asers, their products it canuot be long ere We
npels Esye good specie circulation upon VII
Fouid transact business
ate Of Aside from the foregoing considers
5 can however, there Is another reason vt
ion Of think it best to reicct the laF which hal
q 9th presented to the people of the State *
rs are upon: 4 State Convention viii meet
the ensuing winter for the purpose Of I
GoV, cling the 1uGdamenta 1aw Of this Stat
guard this 5merg other matters will be before
lrp0se ard it is cutie probable that the united u
and cf that body will fix mon some svet
Fedun- banking different from what has yet bee
lBt, by In this State. If some kind Of paper
ht per cy is deemed necessary for the conve
el the Of business--which We do not deny
Of the Eope that the Convention will hit upo,
lions, plan BY which such q currency will b
impair Perfectly safe, ard so curtailed that
ehall still remain the basis Of all b
&c, for t1anEactIons, Such a course would do
) an IN to establish business throughout this
entire upon firm, substantial foundation tn
is too thing else Of similar nature: while
lust oe contrary, if general system Of indis
lay not ate banking be adopted it throws Il
nmedi- nanica an anr occasfon Eheneyer the
to re- ers Of our cUtreucy discover an oppc