, 1864-04-11

wildcat circulation OF not less than one hun
dred millions Of dollars-it may be nearer
one hundred md fifty millions, but call 1t the |
former figure Every dollar OF this trash
crowds out dollar Of grcenbacks. The
people Of the West arc lending one hundred
millione Of their property to Eastern ehin-
plaster venders, instead Of lending 1t to the
Government, that needs 1t. And they are
paying the Eastern wildcat !" banks'' at least
ten per cent In interest and exchange, or ten
millions annually, on this hundred millions
of their stuff. Why shonld we of tho West
pay the private corporations Of the East, GILL
ed "banks," ten millions Of dollars on their
own due bills? We take their irredcemable
"promises to pay" and pay them interest
thereon, and then suffer shave Of quarter
TO three-quarters Per cent when We want to
purchase bill Of exchange with 1t, And
while VIC arc using md holding this hundred
millions Of Eastern wildcat, Secretary Chase
is obligtd to borrow one hundred millions of
dollars, on Which he pnys five per cent inter
est in gold or eight aud 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 e1pe1ling this hundred millions of un-
constitutional wild-c1t from circulation, Sec
retary Chase will be enabled to fill its place
with nm equal amount Of Creenbacks.
WAat Is the result? First, the Govern
mcnt obtains free loan from the people Of
the West Of s10o, eco 600. Second, eight and
a-half millions less tazes need be collected On
the West to pay interest on the national
debt. Third. ten millions Of dollars that
now 60 into the pockets of those who utter
and vcnd this wildcat stuff will be saved to
the people Of the West, which makes clear
gain per annum, to the laborers and tax-pay-
ers, Of eighteen millions five hundred tnou.
sand dollars in the ten Western States, and
furnishes the Government besides with free
loan Of one hundred millions.
Another good effect will be to Danish
all he countedeits, and there arc millions Of
dollars Of them in circulation, When the
wildcats a1e driven home, the eounterfeIts
will be caught like the lizards, alligators,
terrapins, snakes, frogs, and other amphih-
ious vcrmin in the bottom Of a mil1-dam
Wien the water is drawn of
II iE clearly beyond human power to
guard against the existence Of counterfeits
in such currency as We now have. There
are at least 500 State banks,'' as they are
called, each one Issuing bills of at least seven
denominations. Each *bankH has q different
plate for each Of its notes from all the others.
Here then are 10, 500 different varieties Of
bills, and no two Of them exactly alike How
can any man distinguish this endless variety
from the countcrfcits that are on nearly all |
Of tlems On some of the bills there are n |
dozen different kinds of 'countcrfeits, and |
new ones coming ont almost daily. Genuine |
bills Of one denomination arc raised to higher |
denominations. Ones are converted into !
thrccs OF flvcs, and twos or threes into tens |
and twenties.
But with the grcenbaeks there is no trouble. |
All the ones, twos, threes, tiyes, tens, &c, |
arc nike, and the same is the case with the
National bank notes. Instead of $500 differ. |
ent banks there will be hut apo-the Legal |
Tender and the National Every man soon |
becomes an expert detecter Of the genuine |
from the spurious, and the counterfeitiug |
business now 60 immense and alarming, will |
be entirely broken up and practically abol- !
ishcd, in consequence Of the certainty of !
speedy detection.
There Is but ono remedy for all these evils |
and that is the sadical one Of baulshing |
from circulation in the West the whole IN |
constitutional brood. There Is no use In |
waiting on Congress to npply remedy. It
WILL do nothing. Too many Of its members |
arc interested In the profits Of the Wildcat |
banks. Two-flttlts Of the whole arc rebel |
esmpthlzers who oppose every measure
1hat tends to help the loyal people or
strengthens their government; and one-thIrd |
~ Inc remainder arc narrow minded, selfish, |
1iii1ng polinc1ans, who do nothing them
eeiSes 1of Tie good of the countty and will