The dollar weekly bulletin. [volume] (Maysville, Ky.) 1862-1864, 1862-09-25
From the Lexington Statesman
Kentucky Banks & Southern Currency

From the Lexington Statesman
Kentucky Banks & Southern Currency.
The people of Kentucky are just now sui
feripe under a system of Bank engineering
that partakes of the low cunning OF the an
kee. and the sharp practice of the Jew.
It will be rem en- ered that in the earlier
stages of this rebellion the Governor OF this
State desired to borrow from the Banks
money with which to buy arms to place in
the hands of our citizens to preserves the
neutrality which was then apparently en-
dorsed by all parties.
The Banks. with perhaps two honorable
exceptions, refused to loan . dollar; the
reason given was that it was without war
rant of law, but said tho Banks if the Legs
lature will convened and authorize it, we
will take any loan which the State may re-
auire. All this looked very we'll; the Lesls-
lature was called, the Banks set themselves
busily at work to manufacture Legislative
capital, and before Governor Magof6n, poor,
simple, coufiding soul, was aware of it, he
was stripped of all constitutional powers and
commi tee of known and avowed supporters
of the northern Government and the war
was placed in charge of all military matters,
and through whom all purchases and dis
trbutions of arms was to be made. So far
money had worked we'll, the directory and
officers of the Banks had made q systematic
onslough upon the Legislature and upon the
people; upon the first they succeeded to :he
fullest extent, upon the latter their success
was only partial. Money was now voted to
arm the people of the State, and the Banks
were not only willing but eager to take the
loan; indeed they carried their zeal to such
an extent that they took State Bonds bear
| ing six per cent. interest at par, when such
|
stock market at 7l@72. Wonderful Jfnan-
ciering; but W hat cared the Banks, the Mil
| i,ary Board were creatures of their make,
and the mountain counties b ad been corrup-
ted, and the money thus loaned to the State
was only so much advanced to Lincoln to
bs used liz subjusatinS the people OF the
South.
Bank officers and Bankers seemed to be
lords of the soil. a nod from one or wink
from another was sufficient to consi2n any
man suspected of sympathizins with the peo
pie of the South to a military prison.
Thus matters progressed. The government
at Washington finally had to resort to the
exped!ency Of Issuing paper money, and
wholly dsregarding the constitution. at
tempted to make it legal tender in pay
ment of all debts both public and private.
Hundreds of millions of dollars of this pa
aid of Banks and private Bankers it would
have fallen stillborn and worthless at the
foot of the press that struck it OIL.
But the kentucky Banks eager to assist in
the subjuga ton Of the South. took this
money in payment Of their debts and paid i,
out yer their counters with as much gusto
as though it were gold and silver.
In the course of time the victorious South
ern army approaches; these moneyed gent:
are suddenly stricken with panic, they cry
at the top Of their voices 'theif )" "robber,
larson" aud all other bard names, and quiet
: " set themselves to work in removing all
, their available means to the North. They
, have not only done this, but they have in
duced citizens to pursue the same course
thus virtually saying we can trust our money
to the swindling Yankee, the infdel Dutch
. and the discharged convicts of North err
) prisons, but with sons Of Southern merchants
, aud Southern pianteas we cannot trust {
dime, although your CHI aracter has alway
been at the top round Of the ladder for honor
able bearing, chivalric and noble deeds; ye
, we are told this secession has changed you
natures and made thieves Of you all. anc
there fore we cant trust you; we know W.
have made most of our money through yor
, and the southern trade, but our Yankee
! friends tell us you will steal and therefore
we must not trust you. Well their money
, is moved, their doors closed, and everything
} is done that lays within their power, they
} discredit the circulating medium of thu
! South. No man who has an ounce Of BRAIN
! will deny this fact, that the money issued
} by the Confederate States is just as gaod
} and we think, better than Mr.. Lincoln'
} green backs.
} Under all the circumstances, we submit
} it to our Commanding General, if it is no
} right and justice that these banks shall be
compelled to open their doors, receive and
, pay out the Confederate money. precisely
} as they did Mr.. Lncoln's green backs
} Until such a course is pursued, we caEno
} expect to have any stability in the circula
ting medium of the country.