Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1861-06-27
THE HERALD.
LANCASTER, THURSDAY, JUNE Il, 1871
80 q earant gonnty-rseor.


We learn that the Bank IF Grant
County, known also as e. r. Hinckley 4
Co.'S Bunk, located at Platteyile, is to be
Immediately reorganizcl and made sound,
the Bills to be redeemed in special IN
defiance Of The bank stay law Of the late
Legislature, IN defiance OF chartered pnyi-
Ieges, bank conventions and Comptrollers
licences. The citizens Of Platteyile, With
out any dissent among such as have the
means, have dubbed together their thous-
ands, and the old stockholders have as gen
erously agreed 10 surrender and 90 in with
new company, reorganiza, enrich with
means and embellish with character the old
concern which has been almost DESTROYED
By Missouri Bonds or Rufian State debh.
The renewal and placing Of this bank upon
a substantial specie basis has become a
matter Of positive necessity, not only with
1he people Of PIatteyilIe, but If the Lusi-
ness men Of the southwestern part Of the
State. So far as paper money circulation
is concerned, the bank is unimponant, PEI
haps the circulation Is an obstacle in the
way Of soundness, but for deposits, ex-
ehdnge and incidental accommodations, a
well secured bank is just as necessary to
capitalists as mills are to farmers.
Again, Galena extends no accommodate
tions-can extend none, the business Of
that city being totally disconnected, ex-
cept as TO distance, from the business Of
this State; The currency Of Wisconsin is
being SO managed as to confne the trafc
of people within the State and compel
obedience to oar own financial laws, sys-
TENS and methods Of exchange. Galena
must remain extrayagantly expensive as a
depositary and exchequer; Galena exchange
is fixed upon Chicago standards, which
weigh differently from ours-ours differ
emily from theirs. These differences ale
bound, however varying, to be kept up be-
tween such autagonisns as rival States and
rival cites-such ri,aries extending to all
men Of respective States and towns; thus,
Wisconsin men must dress in Wisconsin
uniforms throughout, financially as well as
in the color and form Of garments. Iii
mis- men must abide by their own tinan-
ci.ii uniforms, however stump-tailed. We
think that for many months exchange on
New York can be had en- bettlr terms in
Wisconsin than in Illinois, for the reason
that Illinois money has no character, while
most Wisconsin Banks will be perfectly
solvent and specie paying very shortly.
'The Bank Of Grant County is but fol-
lowing in the tracks of most other Wis
consin credited banks by this movement, 50
that muIuala AID viii be rendered among
the banks of the entire State and nearly
all be placed upon a sound, specie basis,
and thus take the lead over Illinois in sup
plying currency apProzimating to par,
notwithstanding the crushing war which
is rending everything else.
But to the plan Of reorganization: The
following is'a copy Of paper being eircu-
lated and already nearly full. The paper
was. brought to Lancaster in view Of al
lowing several Of our citizens to take
shares; doubtless the remainder Of amount,
$4,000 in ally viii be taken in Laneas-
ter. The following is a copy of subscrip-
tion head with names and shares:
PLArTEvnLE, June %, 1861.
We, The Undersigned, do hereby agree
to subscribe fm the number Of shares set
opposite our respective names Of the Cap
ital Stock Of II. r. Hinckley q Co.'S
Bank Of Grant County; and we do fur
Their agree to pay in an 4instalment Of
eight per cent. on or before the 4th day If
July next, aud to pay ID the balance mot
exceeding thiIty-three and one-third per
cent at such times and in such sums as
the directors hereafter appointed may Dir
rect. The Capital Stock is $75, 1000, d.
yided into $50 shares Of $4,000 each.
NAMES. SHARES. NAMES. SHARES.
J H. Rountree, so S. O. Paine, 10
/. Hodges, 20 N. Hmchens, 10
Sam. Moore, 10 G.. Hawley, 10
sd. Nj. Hoyt, 90 s.. Nasm;th. 10
]. Augustine, Is Joel Potter, 10