The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1862-01-23
TAXES.

we see that some Of our cotcmpora
are urg'1g upon our Legislature to r
the law to which we referred last We
we nave seen no valid reason given
10 passage, unless it be that the peo,
thought, when they voted for the IA
that the State was liable for the issues
the State Bank If the Dayennor, q
seHe will inform US what State oH;c
holds any safety fund.- for the sccuril
Of tho bill holder, we will be nuc
obliged to it. We believe the State i
not responsible and has no security fo
dollar of the State Bank issues. Tb,
papers say that the State Bank pays spe
Gle for its bills, and that while i, does g,
tho State should take the bills for t,.es
We admit tina: the State Bank does ~ y
specie, but We have no assurance that
IL viii continue to do SO. The coptroIl-
ere OF the State Bank are engaged ia the
business for the purpose Of making mon.
ey, and when they can make more money
~ stopping specie payments they will do
-. But the papers also say, ,hs. ";f the
o'ok suspends it will forfei, its charter"
Admit 1t; such has been the lsv elss.
where, and still banks have suspe,ssa
and forfeited their charters. The f,c,is
that banks viii brcak when i. paws to
break We will venture a prsdic,ia,
tina: If the issues Of the State B,n& A..
made receivable for taxes. and !.
- IL 'aey are no;, the country viii BE-
hooded sl'h State Bank bills. and them
q tie best 'i1e for :he banks, specie nav.
"ens I'll @s2sE eo9sa, and the bill. vii,
as - "o''- :" P=s eeas- Ne Know
Wax ss Are 10" 81 the uoropal.. sid,
c' sas Question. Ia. We teI;sre ,h,,,,
"Hs Il -: /: 4issaas when ii will b.
'esa 'nas .e ars right. 1t would bean
'a -easa.s rs.e: for the ,.1-,.vs-. o.
have al kinda O: bank bill, rees,~.,,s
'sf s.1.s' ana there are many banks ,h.,
NE J-s' a. e223, if 10: little bette,
'Saa tie State Bank Il Iowa. and 70,
.4='e 4. d oac who asks to have other
oAax bills taken And Why ain't.ea.k.
ID 70 10 ii, Simply because the men
'a'e'est-a IL :h9se banks d. NC. live j.
lo~a VI .a3~ tha, The Governor b..
's--=. 1ssaaed the passage Of such law
and while We tank highly # the Gov.
e'nor's eg:aioo, and oe.ivve tina. he was
lot knowingly influenced 10 bis recon-.
nsada;loa b sal: iaterss:, sill. the fac,
tia. he is s;ockholier in the State
Bank may have had some influence.
We reeoIee: tia: a5ou, the time that
iowa b,san TO muster her volunteers to
put down the rebellion, it was repor,ea
that this branch IF the State Bank would
adTsnc2 $4,000, and another one $4,000
and Others wrote the Governor that he
might draw Oh them for what he THOUGHT
was their share. There was great Mains
TAKEN to circulate the repor: of these
generous offers, aud it may be the gener.
al idea that the banks did advance money
In CUR tim, Of need. Such however was
not the fact. The Governor did borrow
some money of some Of these banks, but
he had to give his own note, with securi.
t., for it. 1t would be interesting tn
know what amoun. Of bonds issued by
the State, for war purposes, has been ia
kca by the branches Of the State Bank
We will not say that they have taken
none; but we do say that the amount is
amazingly small. We hope our members
Of the Legislature will call for informa.
ton on this point.
We have noticed in the report of the
Muscatine branch of the State Bank.
that it has 1915 Of State warrants: also.
that the Iowa City branch has 2,7ls:
and the Davenport branch has in State
oonds and warrants sll,G76 1t will be
borno in mind that there were no soldors
quartored in Muscatine and there we find
but few warrants. while in Iowa Citv and
Davenport We fud larger amount. We
all recollect that our soldiers had to sinh. !
nit to shave of from Is to 25 per cent. !
on thc!. State warrants, and we wopld
like to know how many of those warrants
arc now held by the branches of the
State Bank.
We repeat that the people OF Iowa are
net uader any obligations to the State
Bank, and that it is a corporation t, bs I
watched and feared Let US take the II
3. Treasury notcs, bu! beware Of III. .
State Bank issues, lest We have to sinh.
nit to additional taxation to make m for
losses on State Bank paper.
Va motion Of Mr. Ten Eyck. of New :
crSey. the rasolut ion l