The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-10-31

| nave larger proportions 81 NATIONAL nhnAh8 GU
rsncy than they had Of State or local banks b
lfors the war. I have statement made Up frot
tbs books the Bank Of The State Of indiana m
from the books Of the Auditor Of State, whic
lshows the following facts: In October, 1851 II
leapital or hs Nasiosal BANKS il Indisf . eaoePt
I'd 10 tl2, 767, 900; their circulation VS. e1Iye9
900: their loans wers 13,3lo,75s. In March
i1e6l, tho entire hank circulation e5,30S. zs1
thsir loAns wers q, 444.753, that under tne No
ticnal banking system Indiana hes Ss,4ls,o.9 Is 9
! a ineren 49, af1naIr - - AGn1Dl
sssassd circulation, and 46,l44,75S d Increased
tanking loAas, - ~ ua91 present sJHem
eur bankiax Sspitaf has bssa fFebled, ana oul
barking Ssassiea - !. -. -. &sss ~ Yysf.
h.e tvslve niIliss dellan Of National banking
esrrency Massachusetts, hos my ssilIIsns;
but DO falls to notice that in 1862 Massachusetts,
had siaty ssssn nilliens Of baakiAg capital whtae
Indians he'd bet four miIlioa, thres haSdssd -
nifty -shrss thousand, and this, when Indians and
the National government wers jsst passing from
Democratic into Republican bands. $50.
wnosGs 81 ms ssrrnwhsr.
On examination ~ shall ind thsa tho taxse ass
Distributed among the Eastern and Westsrn
States ID shout tie ams pfopcytioa. Rbsds
Island has tvs Representatives in Congress, and
paid LIST year 81 500, Of intsspai revenue tsx
Massachusetts, hAs twenty one Representatives, IN
consress, and last ysar paid nearly 900 Of
internal revenue tai. Indians has eleven Rep
resentatives in congrsss, and list year paid but
$2,342. 900 OF internal feyonue tax.
But Mr.. Seymour does not complain that there
II any hardship in this for his mission il to array
the West against ~ East On last Saturday
evening he showed - ~ pespas q Chicago how
terribly they were wrongsd BY his own and other
Eastern 6tssss, ii the disnfbutiUn Of the Nsticn-
d bank surrancy; that while Massachusetts had
1ty seven millions Of this currency, Illinois had
A..e4 IA NJ ~ sa&nU hA~v tn~pStA1
Illinois has bssn outraged in this matter, will
read from the omolsl report, from which Il ap
pearl that in 1851 and 1862, eli the banks Of uf-
nois together had but six hundred and nineteen
thousand two hundred and sighty-six dollars in
currency, vhish, sseording to Nj. SsJ1noar's
statement, W. driven ont y give place to ten
rillions Of National banking currency. 70 fur
Their prove how terribly the Northwest has been
wronged in this whole business, road from the
same report that al the Northwestern States, in
Guiding Illinois, Indiana, Ohio, Michigan, Arkan-
sas, lows, Minnesota, Kansas and Nebraska, had,
in 1861, $685. 64 Of currency, al told, and
that the same States have now OF National bank
ing currency $50, s3o,olo, being An addition Of
thirty millions to thGIY surreney, growing out Of
tbs change from the local to the nstionAl banking
system. In January, 1852, before tho National
Banks were established, the total amount Of bank
circulation, including all the rebel States, was
sass, ,2l8, Of which the nine Northwestern
States had, ~ before stated 4l9l 1854, 564, which
vas about osss thirtssnth Of the whole amount Of
circulation. Now, the National banks have = cir
culation Of 4380. 600, Of which the nine
Northwestern States have one-sixth, OK fifty mill
ions.
Mr. seymour makss much sds because the fates
Of interest are higher in the West than In ths
East but be- greatly sxAgssrAses the difference.
1t 10 not more than ons-third Of what he repre-.
ssn. Still tho rates Of interest higher in the
~ =. ~. Ct.taa nd hav T.
wsys been so. Money 10 chespsr In the old and
wealthy States, than in new countries which are
but partially developed, and are rapidly impfov-
ing. Money is cheaper IN New York than it j. in
Chicago, and it is much chssper in London than
1t 10 In New York. MI. seymour presents the dit
ference IN the rates Of interest between New York
and Chicago - something now and wonderful, -
great oppression, brought about BY the action Of
the Republican party, when the truth il that the
difference il less than it was ten pears ago, and
10 growing smaller from year 70 year, ~ the Wsst
increases in wealth and capital.
sRYnoUR WANTS TO TAX ZEE WEST.
In his speech At Buffalo on the subject Of taxa
ton, he used the following language: ssTherc ars
other great wrongs to which will briefly sluds,
and which will discuss more At length on other
oscasions. We say that taxation should BE- equal
real value. The New York plstferm on the came
subject reads ~ follows: Equal taxation Of every
species Of property, according TO its real value In
Guiding government bonds and other public secu-
rites The internal revenue tax ID now confined
to four manufactured articles, viz; Spirits, tobae
co, fermentsd liquors and gas and only extends to
seven other subjects, bonds and bankers gross ne
oepts from stock States, other special taxes and
incomes, 1egAoiss, SUGGESTIONS and passports"
The spirit Of our Internal Revenue system IL to
levy the tar upon the rich and upon the articles
Of luxury, but Mr.. Seymour and tbs New York
platform say they must b levied VI on svsry spe.
cies Of property according to Ito salse. This
would put national tax on real which now
pays none-upon the farmers wheat, horses and
cattle; upon the drAymAn's horse, the ashman .
eart, the mechanics tools. It would place the
same tax upon barrel Of -four. asupon barrel Of
whisky-upon the pound Of meat upon yonr tabls
a. upon the pound Of tobacco, according to the
several values. II will tax the jeans cost aIonl
with the rich mans broadoloth-ths calico dreti
with the silk gown. Mr.. Seymour's proposition
is unjust and abhorrent, and willneyer be adopted
in this country.
rHa DEMOCRACY PEACE PARTY.
In his speech at Rochester be inquired with an
air Of injured innocence if the Democratic party
did not all up the ranks Of the army, and II they
did not stand by the rehabilitation during the
war and if it has not since the war ended
incucated peace, good will and submission to the
laws. l answer. no, tho Democratic party never
puI D IAN tQI0 INC 8ItuIcAs XIuc, Suuuoouue hbN
hundreds of thousands of Democrats went into
the army, but they were not sent there by thei'
party. They wsnt in defiance Of the prayers, tear,
and imprecations Of their party; and tell him
further, that the Democratic party did not stand
BY tho administration during the war. On tn.
contrary, it did everything in its power to defes
and break it down. It opposed every measure which
looked to the suppression of rebellion. It reviled
Mr.. Lincoln - the wickedest man in the land, and
sought to make the rebellion success by dis
playing the mott open and shameless sympathy
for it. And tell him that since the war is ovel
it has not incucated peace, good win and submits
sion to the laws but has labored Assiduously to
keep alive the embers of sedtion, to prevent tha
people Of tho South from accepting the situation
and is to-day chiefly responsible for the murders
conf grations and crustiss with which the South
srn States are afflicted.
cat the time Of going 10 press the remainder Of
Governor Morton's speech had not been received.