The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1863-01-30
The Presidents Financial Plane.
KILLING the Goose that Lays the
Golden Egg.

the belief that ne Is not only profound
military genius, whose plans Of campaigns,
sieges, battles and bagging, are far ADLER
than those laboriousy matured by our best
generals but he is evidently just as clear
in the conviction that he is also n great
.inancier, whose financial plans are worth
more to the country than all the knowl-
edge acquired by tho long experience of
business men. He earnestly believes that
he has succeeded in reducing the compli-
Gated science and difficult art of national
finance, to Il single and simple rule which,
when we come TO look at it, proves to be
the venerable one of killing the Goose thai
lays TIE golden egg. 1t is by Killing this
goose, (which represents the People and
States OF the loyal North together Wit.
his tayorite plans Of campaigns and battles,
wrought out on radical, humanitarian prin-
ciplcs, that he proposes to raise sufficient
money 10 crush the rebellion, and restore
peace, unity, and fraternity tnrourhout
the land
The President has observed tiia- the
State banks a.i the banker, have
taken nearly al the loans ,aade 10 tie
government during the present war and
that they have been enabled 10 20 - IL
consequence OF their ability to iuaintain :
large banl note circulation. au,l to hceo
~ their deposits, although. specie pay
nen;s nave hcen Suspended. b., the
President has failed 10 observe dat the
sol1encJ an;! credit Of the Safe banks
and i'auker3 are he foundation OF the ma
tonal credit, ~, + not It's basis, that they
are, at least, essential 10 its preservation.
These banks and bankers have already adj
yanced 10 the government all tho fund.-,
they could spare with safety t. q govern
ment conducted as ours is by the present
administration Their financial ability to
do more has been seriou>iy impaired by
the exercise Of the Presidents military
genius Ana, because OF their unwilling
hess, in their crippled condition, 10 lend
more money - the government, the
President now proposes t. aboii~i, tie
;otate banks by net ct CONGRESS, or to force
them into lis measures BY punitive lesi>!.
tioi. Ii - singular, hat, with his passion
for chat lnethod, he has not lit upon TIE
cxpedienJ Of abolishug or regulating them
~ proclamation, as a military necessity:
%, that be has not adopted King Johns
plan. Nh0, when he wanted money, tried
bonevoeu Is on the teeth 81 Che Jews.
and with @rca. sJcce>,.
The President : plaza or The accomplish
lnent OF his financial scheme. which Wa
elaborated il his annua lnc>>agc, and
again recommended IN hi, late special
message was more clca: y set forth l.v
the Hon. !; g. SrAtLDlNG, OF the Ways
and Means !; few days ago, in the follow
ing terms
II is proposed b. this bill to authorize the
orinailon OF banking corporations, III AL parts
banhs Thcy ,rn to have ,h,. hover tn is,,',.
bank notes to circulate as money, and to be
the Trc:,sury DEPARTMENT y, SCI scc,rity for fin"
presumption OF the currency thus issucd. This
banking law Of the State Of New YORK. il nro-
poses to nationaizc all the tank currency o.
s,oi.rr fg.~e'x!; IL crs*ng 5oHis. IS .rN ron,ui
tHea ID Mfo'o ~ n't nreScn S,'i' cF@tf@f<, 's"''
cent. per an.u,n Is ,ropose.l Or ~ State ban,
circulation in addition TO the State, county and
pay ul3,r S,a;.. Iaws and in addition to the
Internal revenue tax Of three per cent. or their
hunks Of :holI; i've Ter cent. Hv tiiis hostile
policy toward existing banks it Is prol'o""! to
t~red rrhts 10 make lnar,rf l,,~ 15;.c, |lri
stocks, to be deposited II tho ,ircasuiy H4,.sF-
under t3,a new system t, the amount Of <.59-
o3O,oo'
80 ''''''' '''''' '''' 80 Il '''-'-'
'-''-'' 'c"-'''';''' l0'''o''' 40 ''7''.i,' -
Sots1iii@ 50 It,i-.u.tl ca tt>SuiO All~ "S'A''~'