, 1861-10-23
Gbiraqn Gributtt:


0t1outU |!
WEDNESDAY. OCTOBER &s, 1861
THAT INDUSTRIOUS LAW.
The artful dodge by which the schemers
who got up the new Bank Law aboutto be
submitted to the people, hope to make it
acceptable to the suffering voters of nli-
noie, is equalled only by the device which
The trainers Of the Lecompton Constitution
Invented to compel the settlers Of the Ter
ritory to accept their handiwork. The !
Law, in our case, is submitted to the peo"
pie in these words; For tie Banking Laso
on Epeae .Bdsis," OF, if the voter chooses
II against tie Banking Lao on a Specs
,Basisn-a cunning form Of words by which
The opponents Of the absurd and iniquitous
measure are declared by implication-an +
being supposed to favor Banking Law
of some sort-to be in favor of Banking
without specie. But this dodge shall not |
avail them. /
The law was gotten up last winter at. |
Springfield by parcel Of outsiders in the
lobby, not with the intention Ct doing
business under it themselves, because they
are IS innocent Of money as any other set
of bursted men, but as matter Of specula-
Hon-a mercantile adyenture-in Which
the outlay Of capital bears int1nitessimal
proportion to the expected gains To;
make It acceptable to the members Of the
Legislature, it was falsely called copy OF
the Indiana law; it vas hastily and imper-
IectIy considered; passed without proper
examination OF debate, perhaps without
ever having been read by fourth part Of
the members Of either House; and the.
result, upon examination, proves that there
is now before the people, with the hope:
that they will adopt it, one Of the very
worst enactments that ever disgraced the
legislation Of Illinois. 1t is, in the first
place, of inte1minable length, and is with
difficulty understood-a multitude Of
words covering up from hasty examination
lis most dangerous parts; it is in no sense
arhatezer 6iu fer banking on a specie basis
there 5eiag IN it no provisions eoticA compel
tie parent bank Or its branches to keep any
nnaouzt Of specif on hand: the clauses
which seem to enforce prompt redemption
in coin are lame and liable to double con
xtruction; and, in spite Of the Terbiage IN
relation to the responsibility Of stockhold-
ers and the criminal liability Of officers,
The aggregate concern is feroclous Wild
cat With claws and teeth long enough to
reach to the pockets Of every man in the
State. It was framed and passed il obe.
dience to no public demand-nobody asked
that such q law might be submitted for
adoption OF rejection nobody wants such
. bank organized and controlled by the
men who have got hold Of this one
get in embryo. The thing is trick
the device Of men who have got
everything to make and nothing to
lose One Of them, few days ago
fhis name is in the LIST of commissioners
wrote to another, whose name was put il
to give 1espectsbility to the concern, tha
he "mnst make strong exertions to secur
its approval By the people, assuring hin
That a "B1G THING" could be mad
of it That's it! That's why ii
law was SO cunningly framed; why th
safeguards in the Indiana act wer
omitted; why, in this scheme for spec
banking, there Is not a soord said abos
SPECIE z1Ay tie redemption clauses are o
scure;: why the authority to discoul
twice.and-a-half the amount Of the cap
tai and haIf the amount Of tic deposits,
conceded-a way Of doing busine
that has only one end and that is ruin
All this is for the "B1G THING" Witho7
these extraordinary features, no speculate
with money would come forward to BIT
out what the spectators without mont
have secured, and the " BIG THING wou
fail to yield its expected rewards.
We tell the people, land our consta
and unvaryiug fidelity to their interests
this matter Of Banking, entities us to th*
coufdence) that this is 8 scheme e1abol
ted at their expense, and that they mt
pay for the BIG THING il they permit
to 20 into operation We entreat them
set their seal Of tdisapprobation upon it
the polls, and trust to the State Conventl
to deal with this Bank question as
pleases, without embarrassments OF
Kt1ictions growing out Of vested rights
irrepealable franchises. They may
Neve Us when We say that nothing VIII
Illinois has ever approved has resulted
-destructiyely to their interests, as we kn
that this thing-this big thing will.
is artful, cunning and monstrous! Be-
de1uded by the form Of the tickets VIII
the schemers Will be sure to have at all
polls, but vote against it. To do so,
member that this is the ballot:
"Agdinst a Banking Laso on Sp
BASIS! n
Woe to Illinois If there are not emo
Of these ballots in the box to defeat the
holy sche1nel
A SYSTEM OF STATE TAXATI0
One Of the subjects that will prop