, 1862-08-29

We have information from Springfield L
which assures US that the Tld-catters are
aes,n thronging the Auditors Office, and
making their usual fall preparations to |;
@moye the cropsn This is a commercial
phrase, much in vogue during the summer
and autumn months, which signifies NOV
ing the earnings Of the farmer into the
pockets Of the sharper-tansmuing the
money which gravitates to the West to pay
for wheat, corn, pork, beef, hides, etc,
into rags We ask the people Of Illinois
whether the products Of our banking law
are not properly characterized as rags.
Have we been able, by any amount Of
tinkcripg, by any series Of experiments
with the thing, to make aught but delu-
sion and snare out Of it7 Shall We con-
sent Ito be bitten again by the feline
brood Of which it is the prolific parent?
We presume that the doings oftho Wild
caters at Springfield, at the present time,
are in accordance with the Law. The
Auditor and Bank Commissioners are ap-
no3nted to see to it that the Law is COM
Piled with. They must comply with the
LAW even though it be bad one, But
there is one thing they are not required to
do, aud which the creators Of the new lit
ter Of cats cannot do. They cannot nsaks
tie people take them The national govern
ment has furnished and is furnishing us
q currency as good as can possibly be made
out Of paper. It is at par from Maine to
Kansas. The holder Of "gteenbacks" in
Illinois knows that it will buy any
thing, in any market, in any town, in
apy Slate Of the Union. II he wants to
make remittance, he can make it in
greeubacks, or he can buy draft with
them at q mere nominal rate. The exist
ence Of greenbacks, and the extinction Of
wildcats, have exposed and spoiled the
whole game Of " Exchange" By which the
producing classes Of the Northwest have
been robhed Of millions Of dollars The
wretchCd rrctcnsc That merchant in Chi
eaeo or Milwaukee ought to pay one hun
dred and one dollars, and from that to one
hundred and ten, to discharge q
debt Of an eycn hundred in New
York, to satisfy the demands IF an alleged
"balancc Of ,rad.-,'' is exploded, and it can
never tormc1l. US hereafter unless the Wild
cat 8, ,stem is again inauguratcd and that
Hs1tm cannot bv inaugurated without THE
consent Of the pc",>lc.
Wem NAV SAY to our readers, Touch not q
dollar Of the ucw li;iaois currency. The
evils which it will ental upon you, if you
permit it to hccpme the circulating
medium Of Tie State, may be read
in your experience with the same trash in
1854, 1857 and 1861, We have been braycd
in the mortar thTice-ist us prove this
time ttat our folly has departed from
US. TO every argument based upon
the assertion that the money is Ssse
cured" let it be replied that security
is not money and that no amount O.
such security can make and keep at
Illinois oDe dollar bank note worth ont
hundred cents in New York CT Boston
The makers cf tic stuff will redeem it il
Treasury Not:s at d discount, at Chicago
or Springfield, So lopg as it suits them, an<
they vail allow i! tn take care Of i;sHl
when it does not suit them to redeem, an
il the bonds decline in the market tn
holder Of the notes must pockt
the loss, The goTerrn1cn: has Issued, G
will shortly have Issued, nearly $500 900
oc0 in treasury notes. Every dollar Of p.
per added to this circulation is a po
tive det1iment to the countr,
adding no value, but Initiating price
and paving the way for collaps
the like Of which the country has neve
known. The paper currency Of the whol
country, including tie seeded States, b.
fore tie war commenced, did not eScee
$3.50 100000. We have now ST, 600 OF
more in grcenbacks alone, but these O.
mainly boarded By the banks, which q
putting out their own issues instead. It
tAc duty Of Congress to tax these bar
notes out Of existence, as measure Of n
tiona selfjcfe1se and to prohibi.the priu
ing Of ary mtrc, ani it is both the du
and interest Of the people to refuse to tou'
them, and to 'emard in all cases that CT
1eucy which is lawful money ard 8 leg
tenGcr in payment of all debts, pub
and private"