New Oregon plaindealer. (New Oregon, Iowa) 1859-1866, 1861-04-12

banking SVSIcW OcNOlu lulAlSh
ing means and facilities by which
Sharpers have lived by their wits.
atthe expense of honest toll. The
representative men Of the dominant
party in this state cannot but
remember what extravagant prom-
Uses of benefits they made the peo-
pie, all Ito be derived directly from
adopting a system of banking.
Now how is it' have any of these
promises been fulfilled! Not one.
Have the bank issues of the state
excluded the deprecated currency
of other states, and given US as
promised a healthy circulating
medium! No. On the con-
trary the bank issues ofIowa have
been exchanged for the worthless
trash now imposed upon the PEG.
pie, thus placing not only our
own but the currency introduced
in it's stead out of the way of I'M
mediate redemption Iowa money
now costs the people Of Northern
Iowa as much as gold, yet we
very much doubt its being in re-
atty better than the mass of the
discarded currency of ILL.,, and
Wisconsin. 1fgold and silver is
the basis of banking in the State
then we advocate giving the sub
stance out instead Of the shadow;
if other securities then we are
subject to the same fluctuations
that agitate financial circles else
where, rendering ours like their
best securities, comparatively val.
ueless. It is an immutable and
irreyocable law that ''like begets
like ard the principle is no more
to the moral and social
order of things, than to the politi-
cal, financial and commercial.
The laws Of trade and finance are
as immutable as the laws that
govern the wants of man, and a.
derangment Of the former as seri-
ously disturbs the commercial re-
lations of the world, as the des-
truction Of the latter would our
physical existence. The end is
not yet. - r4s ~~.. -.s
Vice President Stephens of the
G.. S. Of America, in a recent
speech delivered at Savanah Ga. /,
used the following language, eve
ny word of which applies with
truthful and cutting sarcasm to
the professions and practiceis Of
those who have destroyed the
government for a false principle !!
He says: .af.,. ~ra.<,. 80 n;
The principles and position of the present
OF the United Statcs-the Re-
publican party-prcsent some pulling ques-
tons While it is fixed principle with
slave territory, they seem to be equally de-
cursed soil.' Notwithstanding their clamor
against the institution, they seem to be equal.
" opposed to getting more, or letting go
what they have got. They were ready to.
fight on the accession Of Texas, and are
equally ready to fight on her secession. Why
is this! How can this strange paradox be &C
counted for! There seems to be but one ra-
tonal solution, and that is, notwithstanding
their professions of humanity, they ore dis.
inclined to give up the benefits they derive
from slave labor. Their philanthropy yields
to their interest. The idea of enforcing the
laws has but one object, and that is a COL
lection Of the taxes raised by slave labor to
swell tho fund necessary to meet their heavy
appropriations the spoils is what they
were AFTER though they come from tho Ia
Dor of the slave. .r- sr e
A SUGGESTION ON THE CURRENCY
QUESTION. .@
Every one, be he merchant farmer, me.
chanic, or what not, has had enough of vexa.
ton of spirit and loss consequent upon the
depreciation of the Illinois aud Wisconsin
Rank notes Thoro ia M knouvip~ ,phon tb;s