, 1861-06-25

!
In stu1np-tail, refused We understand
that suit will be commenced against that
institution about which, in due time, we
zllAll have word to say.
THE MILWAUKEE BLOT.
Our sister city Of Milwaukee was yes
terdsy in possession Of a mob. The news
paper and telegraphic accounts Of the
doings Of the infuriated crowd copied |
herewith, Will give our readers an idea Of |
the perils By which the quiet people Of that
usually quiet city were threatened, Of the
actual damage done, and Of the further |
disasters apprehended /
The cause Of this sudden outburst OF |
popular fury is easily told 4 few weeks |
oco, The bankers Of Milwaukee entered |
into certain stipula1ions with the people Of
that city TO take and pay out the currency
Of s ccrtain number Of Wisconsin banks,
until the 1st Of December next, when the
amendments Of the bank Law were to go
into operation. This agreement WAS sign
ed By the bankers, and, being published in
lie papers of the State, was generally &C
cepted by the business men, as the best at
tainnb1e solution Of the financial difficult
tics in which Wisconsin was then and is
vet involved. We knew that the reason
ing by which irredeemable bank notes,
worth at best an aycrageof 65 cents On the
dollar, were to be made current, was tal-
lacious, and that sooner OF later the bar
eain would be broken. And so it was.
Early last week. the banks entered into an
agreement with each other to throw
out the notes Of ten Of the concerns that
they had before stipulated to receive,
This asrecment was not made public, and
until Friday no one had reason to suppose
that the banks we're about to break faith
with their customers. Meanwhile they
were industriously paying out the money
That they had resolved to prescribe; and
ills supposed that In the interim they had
cleared their vaults Of the worthless stuff
On Saturday the gate was shut down; q
notice was sent to customers that notes Of
the i'm banks would be received only
as special deposits. The holders Of the
paper thus discrsdited were greatly e1-
cited by the event; and on Saturday and
Sunday the threats and murmurs in the
streets might easily have been interpreted
10 mean mischief. Yesterday morning, VT
know not upon what immediate prorocatio1
tmobs always have q nuclcus) the peopl'
broke out into the acts Of 1awlessness an6
violence elsewhere described.
We certainly have nothing bu1
unqualified condemnation of their wicked
violation Of laT and order; but while we
condemn the excited multitude smarting
under losses which, to many Of the men
KLosc hands were in haste to kill, burr
and destroy, were serious, re must not for
get that they are not alone to blame Th
men who took upon Themselves the task Q
making hnlf dollar worth dollar, by
paper agreement which they knew coul
not lust, and who took advantag
Of the confidence Of the people thu
secured, To put of upon them that whic
Eas The most worthless Of Ill the wortl
less stuff which in Wisconsin has receive
the name Of currency, and who. whe
they had, as far rs they could do so, clcare
their own pockets and money chests {
the pictured promises to pay, deiberatel
violated their public enGagements-thes
men, we say, are not entirely innoce1
Their faith1essness WAS the cause Of tt
etorm that broke upon their heads, an
upon them q part Of the guilt involved
Tie turmoil, disorder and violence Of &c
terdsy, must rest While, then, we CT
Out for muskets to be 1eyeled at the dra,,
men, day laborers, washcrwomen al
others who made up tile crowd that threa
ercd life and property in our sister cit
let it not be forgotten that they also ha'
their wrongs which the law Is powtrle
to redress.
We copy from the Milwaukee Ssntiz
OF yesterday morning the money ar'lc
for tie day, in which the cause Of the ri
can bc traced. The Sentinel las noto1
pusly been in the interest Of the bank
end its testimony is valuable now:
SATURDAY, r. H., June e
Co. siderable disturbance VISA created in
s:neFt circles :h:= morning. By rn1oF tt
xhe tuaksrs vert going to throw out t
notes CT the ten banks in the current list II
have uefn suspended. The rumor probas
a,oec lrcm the 1ect that the Railroads had
fucc c;rculaI, iustr1ctiag their agents nos
receive tic notes 0. the suspended banks, .
also from the fact that the interior banks h3
been throwing ont" this currency for SET
Il da,e. Unlike the majority Of rumors, Il
nrc1ed correct 1t auout han-past eleE
n,c3ock, the various banks Of thla city refus
f,ucsI1e the notes Of the suspended ba-
except on special deposit: We append G e:
pfthe circular addressed BY the banks to th
customers setting forth their reasons for
AuwAukxx, June =, 1ss
Owing to the action Of the Eanrosd eompsnie o. nas
this state, and sone county banks IN tatoH
out The following liGt OF banks:
Bank Of Columbus,
Rsrk OF Green Bay,
hatk Of Portage,
cry Banh Of Kenosha,
poqet 2 4 n;nsp,sy.,s G;ogprty B9nE; = + n.,.
T. L. & croses a COUNTY Bsne, a.; '
Northern Bank,
Woupun Bank.
Mitcontin piner5 Bank;
We the undersigned, banks and bankers OF
@ under the Heses5ty 2. saS1naE "a 19
fher notire. they cAn only teceive the notes Of
ebore list Of banks On special deposit. We vi
AFRO eiate thAt there IL nov az 111a1sentnnt "
En- securities Of the haake nov current aud
pet,tes VIM t6e co@Ptraer I'LL w'l p ponas DIP
I'D replaced hy az 5.s qhs s,1le 1hole eeRea
e ihls Sc current ulI Isl Of banks. On Til. being
"a koex of I. a. tso se1aa
~ cur State = III be incalcnlablt and felt bT e
Cstizer. ALEAANUER M ~ <t.@T ~ ~ ~
prct. Wis Maxine d Fire lns- 43, Go: nA3 ~
Cashier StAts Bank OF Ntscons .! =
Pres. Bank Of Ailwauk
e. D. HOLT0N
Pres. Farmers Il Millets' u,
s. D. SCOTT
Cashier Juneau Dat
PRICE FARMER d co
MARSHAL ILLSLEY
Notwithstanding the action Of the Rallr
and some Of the country banks that plra
led In the recent convention, In throwing
The notes Of these banks, the refusal o
bnnie Of this city to recelEt them " as en-