, 1862-12-03

1, nr.n, anu 70 glvG expression to their views and
currency Propositions viii be- sds to aaa
~ ,indnttEia1 League," that they may be nelter
tlona and State Legislatures to eccuso H. ss a
Ment ol suet laws ~ ahau at least be ftiendlv to
thsse great iatcscsts. :"
lor and Alexander Campbell Of Lasac viii aaS- TX
e9a; will address the people OF these and kindred
Conc and let rs reason toco,her for onr r,n.a.,
oeneAt anu 1earn II possible, how to obtain ~.
1suncfastVe reward Tor orr toll and 1abor
In pursuance Of the above call, goodly
number OF those interested assembled at Ey-
change Hall, in this city, this afternoon. The
meeting was called to order and organized by
the election Of Joseph Brierton as Chairman
and I. 8. Boardman as Secretary. Nj. A1er.
ander Campbell OF Lasalle, whose views an
finance have attracted considerable attention
during the past year and hall, was then in
troduced to the audience by the Chairman.
When your correspondent reached the hall. Mr..
U bad been speaking for some time, and he is
therefore anable to give synopsis OF the Open
ing, further then that the speaker had heeo
dikcneslng tue various propositions of ilnance.
which IN our present emergency, had heen 40.
1stlng me country. The one he was then d..
cnssing the proposition which vas intrcSncasd les.
at the last session Of Congreas-praT1a;nau ~
.ne ~ s ses1aDllsnment Of free oankfng system IN
az the States and Territories, the issnss If If
Hblch are to be secured By pledge Of Ioited
States etocks, bearing sfx per cent interest.
TX - =; @ aRa1 n any bank or banking associa-
npen depoaiting with Bank Commissioner
Oh3led States Stock, and promising to KEGS
On tano twenty-five per cent, of the c{rcnIa.
ton IN coin for its redemption, receive notes.
ueaftpg tnsnt - 1fe @ common impress Of tie govern
Ment l9en e 70 me amount OF the par value Of the
or refuses TO redeem its circulation in specie
the Commissioner is authorized to self the
etoeks al auction tor cash, and nav The rr,.
eeeds to the hil1.holders. This scheuc, tie
9 SPEAKER a @ considered quite as objeetionabls Is
the people from taxation. Il simply proYides
for funding all the debt Of tie United 3tates
at t]1 per cent Interest. 1t will not give to the
country currency Of uniform value. f,r wli]e
lne Solvent institutions in the commercial
centers will be st par, those located ia the in.
ACCESSIBLE mountain gorges and s7Tampss e.
saallshed by mere spectators, will be looked
upon with distruBt, and brokers md
money shaVers will reap about as rich
avsfsm asT9est Nor - they do under the present
to the country correct measure Of value o 40
necessary 10 the permanent growth and deyel-
oFment Of Our natural resources. for it viii.
oe subject to equally as great expansion and
contraction e.,15 as our present system. But the
will place both the Government ana the neos ~
PIE IN the power Of the bankers and the say-
locks; for the first to avail themselves Of the
provisions of this Ecaeme will be those iaafi.
tngeons whose solvency Is doubted. THEY
VIII manage to exchange their worthless
promises Tor the products of the farm and
ether labor, and exchange these again for
stock and II They can only succeed in getting
one bank started, they can take the circu]ao
lion they receive and purchase other srocks.
ald remove ;he ccin from the vaults of the
t;n n.se 70 establish second one, and 50 cor
llEne on, In Ibis Way, to a1moat apv extent
ihls ~lH lead to syetem OF corruption aad
tzaud tar beyond an3thi1g heretofore known
70 our people. h1r. Campbell said he was In
Washington when this scheme was brou,ht
Iuefe; It Was Echema Of the Shy1ocgs and
to be borrower after these stocks have heer
Issued, these nth Htu control the Inan.as ~
the country, and fear, eventually ruin us end
destroy our Government. -N1>
all. campbell thea discussed 4 purely 5ne
Gle CURRENCY, and thought. that thourh c9r-
rect in theory, its adoption al this tisas wou.d
~ 1hFlse ano Fulnous- II Our Government
sfecks were sold for coin, and there 37aa "a
o:her currency in circulation, theY cer:a;n1y
would not bring over sixty cents On the dol.
~, aEu g 1as:e one Thousand millions Of dol
LETS as this rate-which amount We shall Ger
ta'nly HeeG-would require the sale of one
1[ GDo4sand @ elx hundred aid sixty-six q, ,6GG.-
G65.oC0) millions Of dollars in bonds bearing
sly per cent. interest.
think l may safely say that the adoption
OF the aooTc named scher,ea, will subject the
p1oauclng, manufacturing and Commercial
interests TO euch 1uctaatiGns aud loeses. "a
viii materially retard, If not almost ENTIRELY
oeS1roy our national prosperity.
II lne Systems l have Eancd be Trorr. the
question arises, what better one can bs a..
vised CT substituted? TO this, / s1sxsr tIn |
1ssrs OF legal tender Treasury Notes, withous
Mlefeft, made legally equal to coin in a;i do
mes1lc TRANSACTIONS, in denominations tc nest |
an tne wants, OF the business interests, re-
imports iacludcd) and convertible, at The CO. |
uoh OF tne government, into stock beariur |
three pei cent. interest per a1num, Dayahlt i6
lawful money of tie United ssates.
o,itctrd ra nots5 o. t6; seen the prosueng a that
slyiosks, aud 1he sharks, do and viii.
~. van LPps, from the Committee ap-
Pointea, reported tue following address:
To tho Agficulturists Of tile Northwest:
Ifc interest lu wbict TIC are engaged "a one
OF which We mag well he proud; It is crdainsf
9& o. aoo. & ara upon which the human family is
class Of men that are so Indispensable fo 80 80
clefy, or that coniere SO many blessfoo, nu
niankind. as tie ti!ler of the soil. me earth
is the original source oil all wealth, aud labor
sppllrd to the earth and to its products rem
@ aeis sneEe resources available for the wants
arc comforts Of man. Therefore, labor an
plled to the earth, and 10 the products Of tic
eaI1n, Is the source or means of all rational
ano lndlsldual wealth. Surely, then, this ctass
shonld occupy high and honorable position |
n m taoelety 5et these things, under our pres
produce all supplies for home eon3umntion.
5.1* nn1 the main portion Of our exports, have as
little Influence in fixing the value Of the nro.
duets Of labor, as the slave at the soath
s:sils nas N hSfng t6e price Of cotton. Give us
currency, GU n which al1 shall hnye like inter
value in all parts Of the Union, and De OF uni
form and sufficient supply at all times, and
the producing States will very soon become
the capital States. Illinois, being among the |
great exporting States, does itnot folio th,t,
would soons very soon, be moneyed State.
and an by no means borro wer at Eastern citfess
therefore, these great interests should com
mand the first attention Of the statesman and
legislator, TOR 1t IS at taa foundation Of all ms
tional wealth and prosperity. When this in
terest is paralyzed all other branches OF lepiti-
mate enterprise must be depressed, aud.when
it proepers all others thrive. Let Us see
whether this interest has received that atten-
tl6n at the hands of our Lawmakers, or
Ehether 1t occupies that place in relation to
it to. ~D'''Aeo
Germ, one Of the great staples Of the North
west, is now worth about eighty cents ner
bushel In New England; Of this the producer
secures but fifteen to eighteen cents in Lee
county, or one.fifth Of what it costs the CON
snmef,> thus giving the carrying trade four:
nfths Tor near thst} Of the value Of this pro.
auctlon. whist the producer should be VIII
ling to allow the carrying interest the most
liberal rates, it should, At least, leave the
producer over one-hRlf Of the value in New T
England, and this is the case With almost
all OF the products of the farmer, Tins.
those who directly produce the srpp1ies for
home consumption, as well rs the n1sia part
Of our exports, have as little fntluance in
fixing the value Of the products Of their
labor as the eerf Of Russia has In directfnp
The political affairs Of tbat foreign nation.
again, they have exercised no control over
me money or currency they have received in I
axc1aDge their produce; the consequence
mas been that they have suffered loss largely
n this respect also. These frauds and oppres-
Ions upon these great interests have become |.
and call loudly for gpeeiy
'emcdy. Besides, We are about to be taxed |
IN greater or less degree for the support of |
our national governnant, and every other
heir interests; and why should not the farm l.
1g, mechanical and producing interests Ioot
well to their affairs and the products of their
oil :? The bankers are working hard to get /
'he control of the government iaa1ces. 50
yield them for their OWL benefit they are
hronEing the halls OF legislation sud freonent-
ng the private chambers Of the tlnancia1
gents OF the government; every other class
f sendfufr nm, ffs 1oarnr;oie o%.S I