The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-02-27

1
lation their notes. Thus, you will by one
act alone compel the banks to collect from
our own constituents more than one mil
hon of dollars to enable the banks to re-
} deem their issues, when this can in part
| be avoided by saying to the world - we
are not afraid of our banks and have the
. utmost confidence in their soundness
There is class of persons, when any
thing is said about banks, however good,
however sound and however useful such
banks may be to the interest of the people
and the preservation of the Government
itself. who carry us back to the time when
parties were divided on banks and no
banks. And one gentleman has gloried
in the act of Gen. Jackson in removing
the DEPOSITS from the bank Of the United
States, as though that measure had any
thing to do with this proposition now be-
fore US, and as though General jackson
repudiated the agency of all banks in
Governmental affairs, when in fact, these
deposits were removed from sound instit-
ution to those that proved unsound, by
which the Government lost millions.
cannot glory in such triumph
will not. Nor will | glory in that other
sentiment which repudiates all connection
between the Government and the people,
and which in 1910 was condemned by the
American people with an emphasis un
known in any popular government.
There is no question before US to re-
quire the State to make deposits in our
banks or any other. The simple question
is, shall we authorize the collectors of
revenue to receive the issues of our State
Bank paper in payment Of taxes, which
bank paper is as good now as the gold and
silver, and is not to be received one
moment longer than it is redeemed in
specie.
i There is another reason ! would urge
Why we should not attempt te injure or
cripple our banks. And this reason would
. apply to the corporations of other States
as we'll as our own. When the present
, gigantic rebellion opened its drama in rob-
i ing the Arsenals of the Government of
, the arms and munitions Of war, the forts
Of the government seized, our navy and
army dispersed to remote seas and the
. wilds of our territories. the repositories
of our public money seized and the treas
ury squandered, the capital beleagured
! and the batteries OF rebels opened upon
Fort Sumter; and the friends Of the Con-
stitution and the Union stood trembling,
, for fear that those institutions consecrated
|; by the blood Of our fathers, were to bs
overthrown by the parricides of the gov
eminent.
When this crises occurred, who among
7 the American people manifested more
devoted patriotism. a greater love Of
3 country and truer loyalty, than the east
8 ern Bankers: who came to the support Of
j the government and offered upon the altar
, Of the country their wealth to save the
government from humiliation.
When the President called upon the
Z Executive of Iowa for volunteers, and the
e Iowa First marched to the field, to defend
d the imperiled liberties of the country
y who was it that proffered the means tc
8 support and clothc those brave men l,
i was the Bankers Of Iowa. When those
e same brave men entered Missouri, to sic
IS in putting down the ebellion, and wher
by time and hardships they became bare
lr footed and naked, who wasit that followet
them to that dangerous field with $50 ,00t
9 in his pocket to pay those brave men
I, which by law you had agreed to do? l
4 was Hiram Price, the President of tn
10 State Bank, and the money was obtaine,
from the banks Of Iowa. After the low
y First marched from the Hannibal and St
le Joseph Rail Road, first to Boonville, thel
n to Springfield, then to the Ozark Noun
e tain and there dispersed the rebels. ant
d then returned to Springfield, and on tn
) tenth Of August covered the America,
d arms with imperishable renown on tn,
n memorable battle field of Wilson's Greek
o whore the immortal Lyon fell. This BRAY,
l. regiment on their return was met at Roll
y with substantial suit of clothing. The,
: exchanged their rags for beautiful mill
& tary suit, which seemed to reward then
Is for all their troubles, and with ligh
G, heart and elastic step returned to thei
k homes. Through what instrumentalit,
2 were these uniforms sent to them ! Fahes
d uniforms which had been manufactured
!. in Massachusetts,, together with uniform
II for ed and Sd Regiments, had been sen
IS by Express, and Rail Road to Quincy
$. Illinois. The I'd and Sd being NOR
j. convenient TO that point, were supple,
d with their uniforms, and the Rail Roa.
s. at Quincy held the uniforms Of the First
At in security for the payment Of freights.--
y Who among the patriotic and country
IS loving in Iowa profered to advance til
er money to redeem these uniforms. an
10 sent them to Rolla {? You, here, who ar
ot now devising the best means to crippl
re our banks, can you answer II was
ID banker, Mr.. Coolbaugh of Burlington
= who upon my application gladly advance
Id the required amount.
ur Throuph the insfrnmantal;tu II Al