, 1861-09-14
ThKASGRY N0EEG.

The Treasury Notes payable On demand,
which the Secretary is authorized to issue
to the smount Of f:ty millions, are begin
nirg to make their appearance here, mainly
IN the Lands Of the parties wlo have fnan-
cial transactions with the Government.
Al this juncture in the financial affairs Of
the West, these come in opportunely; and
ifthe people can SO lar conquer their preju-
d;ces in favor Of bank paper SIS to accept
and pay them out, if necessary to the ex-
clusion CT the suspected issues Of the New
England rag money mills, we can have
rar currency here that will serve all
our purposes, besides essentially aiding
the Government in its struggle with the
relels. That they are good is as clear as
1hat VIC have Government They are
receivable fcE al; public dues; they are re-
deemable on presentation in New York,
ST. Lcuis. and Cincirn1ti, in gal! and
though The financial arrangements Of the
Administration should break down under
tie pressure of tie Wal, the entire fifty
millions authorized by Congress, would be
ai1so! bl in & few months, in the payment
cf taxss aud du;ies; and without 81 act Of
perfdy of which no Administration could
be guilty and liye,they could not be refused
by any custom house officer OF tax-gatherer
in the land. In g word, It the notes Of the
United States rcdeemable On presentation,
for which the faith and honor ofthe people
are pledged, are not good, nothing is good
and wc had better abandon all idea ofcon-
QueT!ns the rebels, make any peace 10
matter how disgracefuI, and say that the
Republic Of which We yesterday boasted
Is one Of the wonders Of the world, has
gone 10 pieces and that we have no coun-
try. We hope, then, that the people OF the
West vii! give these notes cordial vel
come. Far better and safer than the bank
notes Of Ohio, Indiana and Iowa, OF which
our channels Of trade are full, immeasur-
ably preferable IN all respects to the bank
notes of New England, that are
HOW crowted upon US by the
carret-hag full, they should be
accepted by all classes SIS the paper
equal TO gold, in which their sayings may
be put aside. We understand, Of course,
that the Law which governs the circula-
ton Of paper uoney-the poorest a!,eays
crofcds out tie Jest-will come into plsy
low and here; thst the inducements fol
bankers and merchants to send these note:
to New York for making exchange ans
paying debts, will be overmastering; an{
that nothing but the determined patriot
ism Of the people can give them clrcula
tion. 11@e srpeal to them to do What they
can to sid the Government in the emer
gency, and to rep.ess as far as they cau
the iEsues Of tie banks about the solreucy
Of which they know nothing. We have
10 home currency. The few banks Of OIL
own State, reorganiZed under the amend
Gents to the banking law, and redeeminf
their circulation at Chicago or Springfield
are the best and soundest banks in the Uni
ted States. They res upon basis that III
other banks have; and their notes are next tt
the demand notes Of the Government, an,
ere second only to gold. But there ar
not many Of them. Thus far, but few hav
complied with the law, and their capital i
small. II the demand for currency the,
count nothing and it is not now probabl
that their number will be increase,
60 as to meet the legitimate wants Of trade
We are thrown hack upon adjoinin
States; and the readiness Of their banks t
rush their currency into this market 70
employment; is an unfailing sign that th
banking business at home is oyerdope, an
that thy are to be regarded with certai
degree Of suspicion The banks Of Ne
England are bottoned only on genero1
confidence. The great majority
them have their capital locked I
in The notes of merchants at
manufacturers, and these they are rene7
ing from month to month, and quarter
quarter, waiting and hoping for bett
times in which they can be paid. If Il
war continues q twelve month, they n
60 to the wall; and we shall be lucky
the banks Of the West are not draggl
down with them Every consideration
patriotism and self interest, then, poin
the people Of the West to the free use
the current obligations Of our Cover
ment. When they fail to be good, ever
thing is lest, and nothing but gold and S
yer has ary value. Politicians who desi
to er1barrass the Government, will CRY o
against them; bankers who can profit
selling them at 8 discount, will endeav,
to make that discount as great as possibl
but the people must and will sustain thel
It il the part Of patriotism and Of intere
TIE corbrIHUTIONAL OATH.