The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1865-03-16
The Currency Question.

The action of the Milwaukee Banks last
week, in throwing out most of our Wiscon-
sin currency has very naturally created no
small degree of CONSERVATION, as well as in
convenience and actual loss to our people.
Our State Banks have all along been con-
sidered, at least by citizens of Wisconsin, as
good as Greenbacks. The monthly reports
of the Bank Comptroller have shown an APP
parent margin greater or less in favor of the
bills of nearly every bank in the State and
that was the exhibit on the first OF the pres
ent month, only ten days before they are all
thrown out and the impression created that
they are next to worthless. According to
the last monthlp statement, the City Bank
| of Kenosha, had $1,13 Of security in the
hands of the Bank Comptroller, for each
! dollar of its circulation, and the henosha
County Bank $1,06 for each dollar of its
circulation and yet people holding few dol
lars of these bills have been frightened into
selling them for rs to go cents on the dol
lar, by this action of the Milwaukee Banks.
Nothing has happened in the meantime to
depreciate the securities Of our Banks. No
body pretends that those securities are not
worth as much to-day as they were ten days
But we are aware that it is little use to
tell the people to keep cool aud not sacrifice
anything on their Wisconsin currency, il
they are so fortunate Or unfortunate as tc
have any. If their money won't buy the
necessaries of life except at such discount
they cannot well help making the sacrifice
The following Banks are redeemed at pal
in Milwaukee, and therefore should not bt
parted with at discount;
BANKS REDEEMED IN MILWAUKEE,.
Bank of Fox Lake.
/ Bank of Madison.
Bank of Monroe.
Bank of North West.
Bank of Racine.
Bank of Ripon.
Bank of Sheboygan.
Bank of Stevens Point
Bank of Waterfowl
Bank of Weyauwega.
Bank of Whitewater.
Bank of Wisconsin.
Bank of Prairie do Chen.
BataYian Bank.
City Bank of Prescott.
City Bank of Kenosha.
City Bank of Green Bay.
Columbia County Bank.
Corn Exchange Bank.
Dane County Bank.
Exchange Bank Of Darling & Co.
Elkhon Bank.
Farmers Bank.
Farmers & Mechanics Bank.
Forest City Bank.
German Bank.
Green Bay Bank.
Jefferson County Bank.
Oshkosh Commercial Bank.
Racine County Bank.
,, Rock County Bank.
Rockwell & Co, S Bank.
; Sank City Bank.
State Bank, Madison.
f Summit Bank.
Union Bank
Waukesha County Bank
Wheat Growers Bank.
Il W. SOPJ OllO lOilO"AbS5 AtOiA 1iiO AA1NioOh
State Journal Of Saturday last, in references
| to this currency question. We think the
views here expressed are eminently just ant
sensible:
''There is no real occasion, however, 70
l panic. Our State currency is, we believe
perfectly good. Those who have it, ant
who under sudden excitement part with i
at heavy discount, will make a mistake
By all means let the people keep cool
( There may be temporary inconvenience sus
< tanned, but we are confident there will b.
3 no permanent loss to the bill holders. AS
9 ground for our faith we call attention to the
Fcondition of the banks of the state on tn
LIST of March, as given by the Bank Comp
> treller in his official statement, publish ed il
this paper a few days ago. The Who'll
amount of outstanding circulation was ther
as follows:
Par banks. .................$ SO, SIS, 80
Banks winding up............ 1888
This circulation was secured as follows: