, 1863-02-09

THE MARINE BANK QUESTION.
A Chapter in Illinois Banking.
Hon. J. 7. scammon, President Of the Ma
rinc Bank, publishes card in the columns Of
IN evening contemporary refating the mali
clous and nhellous charges made nSainst him
In the JEFF. Davis organ. In relation to the
charges that IS member Of the Illinois
Legislature lie E.yorcd wildcat banking, be
publishes the following letters from the late
Governor Casey, and the lion. John P. Rich
tnond, both anti bank Democratic Senators
Morsr VERNON, ILL.,. Sept Is, 1851.
Ron. J. Young Scammon, Chicago, H.:
DEAn Sin-Absence from home has prevented
IN earlier reply to yours ofthe I'd inst.
I remember very distinctly being present at n
meeting Of the Committee on Hanks and Corpora
i none. IN tie room, OF you'stn and Mr. Ogden, at
es Git e and qsioas othse es
during the session. At the meetings Of TINT COM
mi1tee, understood you to Be IL -fdror ef "Me
' de1idta re,gte aa fgtess ass a9
NJ: Tour coH'~e tn that regard araseery much
clj1etsd iety thoe rho tse'e considered friendly
y.Y respectfully. your obedient scnant,
tS'gnfd. z. CASEY.
MEAN Rusuyn1E. H., Sept. TO- 1861.
Ron. J. Young Scam1non:
DEAR s1n-1 acknowledge the receipt Of yonr
fc ter Of the I'd fnet. and embrace the aret oppot-
ri, the lat regular eersIon ef the Legislature WAS
limited, and had no political association Will Fou
whatever. because VIZ dillsfGd At wlae!g as tne
me for one moment in giving my testimony Tor
yonr yinlicatiou In any respect, when It would
timep, your courteous bearing and genticmanly
department. !. with the greater pleasure, have en-
deavored to reco1lect the circumstances and
facts to which you cal' my attention. ! ycg. dis
tiEct]y remember tl.at thcre was meeting Of the
Senate's Committee on Banks and Corporations.
Of which WINS III, mbrr. in Mr. Oyden's room
1T the ST. Nicholas Hotel at which you were pres.
upon bal, dcIominntcd the Auditors bill. thc',
under the consideration of the Committee. Being
radical myself upon the question oi banks, and
when tie general banking law was passed. md
sui mite 10 the people under the Eew Constftu-
;on have since that period aimed ut keeping t!.e
standard. Ente taining these views: l must
M',1 nc views Which ron submitted to
s own thn some etilers thst were there advanced.
Ny recollection Is that We directed our Chairman
10 DR. pare bill In accordance with your ylcws be
majorts s of tc conttce; but there never never " waa
sny report made by tie Chairman 10 the Senate
retoliect also, that subsequently there bill,
VIII We nstce n
the Senate from tkc House Of Representatives.
bnt which wa- lost III the Senate: aud which,
understood you advocated III thv Houee. III re.
gard to your general courbs. upun tue question.
Of banking durin, the session, fur my obscy-
sations extended. al'1 from the Impressions made
upon my mind, l regarded yOu conservative
nid op1vsed n 'hat "a. ehaiac'e, lied he uiid
cafsyslfn and uniformly t. fccor IF Applying tht
eg.Teetire 70 lshdt Ta~ e".>idt'ed de{estre aud Il
banks to redeem their issHex arIh promp'i'ude o.
to go tef eri<fence *~eediiy AZ possible. have
thug given you my general impressions, and nsh
possibly II Isl 60 r., motG hoiar into RatisalarE
(Signcd} JNo. r. RICHMOND.
In relation to this charge Mr. s. further
says:
When wils first solicited to bea candidate
for tho Legislature, declined. Afterwards
wien some gentlemen requested me to 20 to
| the Legislature, to help drive out the wild
cats, because Of my success in previous efforts
to eSpel Illegal and fraudulent issues from the
State, consented to go, much against my in
| clination.
On my return from Europe, in June, 1860
was amazed and appalled, at the extent o1
,hc circulation Of The Illinois and Wisconsin
hanks It had more than treblcd during MY
! absence
went to work at once, so far as l could
to diminish it. III tho fall went to Spring
field, and spent y week to gel the Bank Com
missioners 10 make call The banks for great
| or security. Tie call Was made, but public
| orinion, including the press, had it extended
Soon after my election 10 the Legislature,
drew mp my bank bill, which contained sub
stantially all The good provisions that arc
contained in the law passed at that session,
together will. several Others, which were not
| adopted by the Legislature. / read my bill to
| every person who called upon ME, and have
reason to know TINT all its provisions were
GENERALLY approved by. I'LL hmt tue wild cats
answer their views, and they Immediately or
ganized an opposition to it, and BY hypocrisy,
deceit and bribery, succeeded In obtaining
such an organization Of the Bank Committed
in the House as suited their purposes, and So
head and claws. The opponents Of wild cat:
were obliged TO accept it in that shape, o.
have no act passed, which would have left TIN
law as orcn to wild cat operations hereafter
as II had been heretofore.
In relation to the charge Of subsidizin&
newspapers, Mr. Scamuon Gays:
| Chr word rs to newspapers. So fir rs m,
knowledge or belief extends, the whole c,larg,
Df TIC Times Is not only untrue, but withou
tie slightest foundation. Our books do no
show that dollar was paid for any such pur
pose. ! neither had The management no
eontrol ofany one Of them, nor did l attcmp
10 Influence tlem, much less lpropcrly
All the accusations of tic Times are fills
and groundlcss. There is no part of my llf
that am butter satisfied with than my cx
er'iuns both in and out OF the Legislature
10 d7i,e oHt. ktt7' out, and destroy, M,yal aoiI
r"t, shi"laa>ftr aud t1ou1!}Hfcurr,try, and who
ever asserts tlsat ] was either elected to til
Legislature in the interest Of stunptail bank
or b nkcrs, or in The Legislature favored then
IN any way whatever, either makes an as>er
ton without knowledge, OF is guilty Of :
wilful and delibcrltc flisclood. The record
Of the Legislature and The Journal Of til
House, us well US the above letters from Cor
Casey and Hon. Mr. Richmond, my politira
opponents, *ho7e that ! pas III .Jd,1r Of II
most dseihtl, tshfyfic and :fattirs n,eas"rt
| 10 compel The banks to redeem Usir notes or
""onnd np>' ,rsfaom thf"y.
/ PromresA aG DcnfaI Sctanfe.