Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1862-01-14
More swind,sng.

ihe people Vi thls Country appear TO De
doomed TO submit to the rule of the scrip
nobility. Scarcely had they recovered
from the devastating effects of the paper
money reyulsion of last year, when fresh
one falls upon them. 4.
The suspension Of specie payments by /
the banks of the East, has opened the door
for another grand swindle. Already the
shaVers have commenced operation. Gold
and silver has disappeared, and the rates /
of exchange have risen from three to Eve
per cent. Even treasury rotes are incur
rent Paper money of all kinds is hans
died with caution. The notes of the banks
of Ohio, and of few of the banks of In
diana and the Eastern States are in better
repute, bat there is NJ telling how long
they viii be kept go. The fact is, we are
on the eve Of another revulsion, more ter
rlbe than we have experienced yet.
And what is deplOrable, there appears to
be no way of evadng the wholesale swim
die. The people are completely at the
mercy of bankers, brokers and stock Job,
bers. 1t is not enough that they are made
to bear the burdens Of excessive taxation
for the support of the Government and for
carrying on the war They must also be
taxed to feed and maintain in affiuence and
luxury, a vast horde of iudolent specula-
tors who contrive by means of the credit
and paper money system, to procure the
necessary means.
Most seriously and earnestly do we ask
the attention of our constitutional conven-
ton, now in session at Springfield, to this
subject. The people of Illinois have been
victims of an insecure paper money sys,
tenn long enough. They have been de-
frauded out Of millions Of dollars, and led
into ruinous schemes of speculation by the
unlimited credits and extrayagances which
an insecure paper money currency invite.
Now. they appeal to their representatives
in Springfield, to protect them from the
evils Of deprecated currency in the fu p.
ture. Let them discard all banks Let
the new constitution provide against the
! flooding Of our State with worthless shin
! plasters, whether of foreign or domestic
manufacture. Let specie. be made the mes
dunn of exchange between our commercial!
men, tradesmen and laborers. II this be
done, Illinois may yet rise from her pros
tration and assume her position as the en-
Pire State of the West.
A deprecated currency is fraud upon
the class least able to bear It. The mer-
chant, the professional man and.the CAPT
talist suffer little. by the circulation o. IN
current money. The discount, whatever it
may be, falls directly upon the farmer, the
mechanic and !aborer. The merchant in
pricing his goods, the professional man in
fixing his salary or fee, does SO in view OF
the discount; and the amount char ged
covers all loss on account Of deprecated
currency. Wine does not know that ii the
carreucy OF this city we're specie, the prize
Of all commodities would undergo sepsi-
Tie reduction.
We again appeal to the laboGjug aud pro
duc'nS classes to cry out against this paper
money swindie. 1t may seem a thing o:
NJ consequence to them So long as the de-
preciated currency goes a par for anything
they may desire to purchase, but they
should remember that they pay the differ
enee in exchange the same as if it lad
been deducted from the amount at the be.
ginning. Let the people resolve to be I'M
posed upon 10 longer. And let the a9usti-
tional convention. take warning.