, 1864-04-10
THE WILDCAT CURRENCY.


dred millions Of dollars may be nearer
one hundred and fifty millions, but call 1t the
former figure, Every dollar. OF this trash
crowds out a dollar Of greenbacks. The
people Of the West are lending one hundred
millions Of their property to Eastern shin
plaster venderB, instead Of lending it to the
Government, that needs It.. And they are
paying the Eastern wildcat "ban1s'' at least
ten per cent in interest and exchange, OF ten
millions annually, On this hundred millions,
OF their stuh. Why should we of the West
pay the private corporations Of the East, call
ed "banks,' ten millions Of dollars on their
own due 6Azss We take their ir7edeemable
"promises to pay' and pay them interest
thereon, ard then suffer share Of quarter
to three-qpartera per cent when We want to
purchase bill Of exchange Hith it. And
while we are using and holding this hundred
millions Of Eastern wildcat, Secretary Chase
is obliged to borrow one hundred millions Of
dollars, On which he pays i've per. cent Inter
est in gold or eight and half Per cent In
paper. To make up this Interest, eight mil
lions five hundred thousand dollars Of extra
taxes must be added to the burden Of theWest
By c1pelling this hundred millions Of un-
constitutional Wild d-cat from circulation, Sec
retary Chase will be enabled to fill Its place
with IN equal amount Of greenbacAs.
What Is the result? First, the Govern
nent obtafns free loan from the people of
the West OF 800, 100000. Second, eight and
a-half millions zcss tares need be collected on
the West to pay interest On the national
debt. Third, ten millions Of dollars that
now go into the pockets Of those who utter
and vcnd this wildcat stuff, will be saved to
the people 0f. the West, which makes clear
gain per annum, ITO the laborers and tax-pay-
ers, Of eighteen millions five hundred tnon-
sand dollars In the ten Western States, aud
furnishes the Government besides with q free
loan Of one hundred millions.
Another good effect will be to Danish
all the counterfeits, and there are millions OF
dollars Of them in circulation. When the
Wildcats are driven home, the counterfelts
will be ca1ght like the lizards, ul1{gators,
terrapins, snakes, frogs, and other amphib
1ous vermin In the bottom of ! 7all- l-dam
Wien The water is drawn OF
It is clenrly beyond hdman, power to
guard against the existence of connterfeits
in such currency cs VIC now have There
are at least !, 500 " State bank, r as they are
called, each one issuing bills Of at least seven
denominations., Each t.t:bank', has different
plate for cnch or its notesfrom all the others
Here then are l0500 different varieties o.
bills, and no two of them exoctiy d1fke- How
can any man distinguish this endless variet,
from the connterleits that are On nearly al
of them !? On some Of the bills there are 4
dozen different Kinds Of conntcrfeits, and
new ones coming ont almost daily.- Genuine
bills Of one denomination are raised to higher
denominations. Zones are converted into
threes or fyes, and twos OF threcs into ten.
and tWentles., :: - ,..- g
But with the greenbacks there is no trouble
Ill the ones, twos, threes, lives, tens. &c
are alike, and the same is the case with tb.
National bank notes. Instead Of 1900 differ
ent banks there will be but tuo--the Lega
Tender and the National. Every man sool
becomes m expert detecter Of the genuiu
from the spurious, and the counterfeitia!
business now 60 immense and ala:ming, vii
be entirely broken up and practically abo1
speedy detection >. ,~--
There is but one remedy for all these evil
and that is the radical one Of ban1shinE
from circulation In the West the whole un
constitutional brood. There is nc. use u
waiting on Congress - apply a remedy
will do nothing: Too .rnanyof ita member
arc interested in the proHts OF the Wild-Ca
banks. TWo-ffths Of the whole are rebe
rymputhlzers who oppose every measuz
that tends to help the loyal people G
strengthens their government; md one-thir
Of the remainder: arc Darro minded, selfsf
t,iting politicians, who do nothing then
selves for the good Of the county, and vi
not allow the more enlightened and patsIotl
members Ia, ,pass my law that interferes Wit
existing evils or. unconstitutional practic.
OF chartered corp porations. But the poop
Of the West hare the remedy in their o8
hands. Lit them resolve not to receive {
pay out apJ currency that is not counte
signed by Uncle Sam. let Chicago start tt
ball, and other cities and towns Will Keep
rolling.