The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1868-10-28

Will nut stop now TO discuss he wisdom
OF that system As Governor of this
State | Yetocd q law autfhurizlng ouI
banks TO organize under that syst.m
because | saw az tar back al 1868 thai
II mI erit,d the tu!ur. harmony Of GU
Union The point 10 which 1 wish to
call your :.it. nri"D Is the unwise
manner in which This great privileges
was distributed Wise men MOULD Il Ok
TO see how 1t could be given out so as
III munster TO The general prosperity fl
our country. but, ngard .ess OF all ,hrs.
a great monopoly was given to the frs
corners They W. re manly trom the
obi and rich States. which had been
'nabied TO AXE up the ,Guverome"t
bonds r..
Thus, not only our debt. Blu, ou, cur
,ency wa< =. cti"l.aiIz,d While tie
STATE OF Massachusetts. with atout 1.
100 COO. iuhahuanrs. has about $j7,
OOu OOu 81 this currency. the State o.
limos. with about twire that IOpusaI
sim. has ',ss t an 100000 GOO 1" u Z
state -! Kt""dc lsIa,d they have aton,
Ioriy dollars TO each ,nhnbi'anr, Will.
IN ~liiinuis, Mich. an. WIscrns,u aud
orh.r NGrthern states. the, have oni,
about eight ioilsrs II al much Gu .
rercs is go"i far M.ssachu.er,., why /.
II not II good thing out W.st GCh"
ers
But 'he Injustice Of This disiril,u i"n
sa- The leas' IF he evils which grew
All al tb;s l.ok ~ E.rae;,h. .nd afofoS
urau-hip. L. Is : o answer 70 say n
just fra.ion Of IN 9 inequality thar the
Wrsr had ss good cha ce ro get ih'>
privilege fret rs the other States. IL
was not a matter 10 be left to chance
TIE Western States were mo- then IL q
cnnditi'.n to secure this currency Tar
he v"uy reason y at they must mrde'i
il. 1t the rule of J,rOI ortion was to he
d .sreysrdcd. it stou'd have he. done
in f.v"r at the very States ,ha,
nov have the smallest share. II was
the duty of wise Statesman, sl.ir To see
that the currency Was given whrre il
y ,uld lie If tie, .rearesf service :" RI.
public. Il may be asked il The West
was nnI able TO take the bonds. h,.w
would they avail themselves of this
riviteg'Y l. this action had been r-
verSed and fifty millions had been gsV
en- TO n. State of Ill'nnis, and nine
u.ilii"ns had been given To The State
of MASSACHUSETTS,, which would be mnch
more fair than the present distribution.
the people If Illinois could not have
Established ih-se-haaks. but ~the-capi
'~alisfs nf New EBgland ard New York
would gladly hav. established banks in
these States I r the SAKE "f The a.ivan
,nges gained NV. this would nor only
have been uore fair, as any pLe s'es
hut IL would h.v+ avoided a great evil
T." which I will cali your att. MON
And ia Considering hiss ] will nor -.
=" far ss {" say thar any state sh"u;d
have less has its due share The pc"
pie ~ the Northern All n,ic States
VII hold .,huut TWO thirds Of ali tn.
currency. d" LOT need This mount tor
heir business pcposes Their mode
o. coD,lncrir.g business do r-qnire thu
term Of credit Form r;y III. banks =,
the ri'y Of NV York aud tot deem it
worth while TO issue noes fur eircn a
rim. We ROW SEE that at certain sen
-"rs Of n" year they send cnrre, cy It"
he West tn bring forward the GRIPS
When it is not needed for these Pun
Q s-s, il IL accumulated in vast sums III
he CITIES nj New York, Boston and
P",lai-lrhia, wlIer... ss il IL mol want
I'd for regular busin, 50 rur ns. . " Is
used 70 . on."te Anhrnfri.r ard de
-rrcu a,I"ns Ii We tIru
attention ', the graz a-rsru tura'
S'ates Of the West. VI. fud THAT the,
LIONS. and that they suffer great evils
md losses frrm want 81 il. What j.
now yr.iny "n over alt f these grta'
regimes? l. is necessary Tor the We
fare ot our C untry aud t"r h health
md cnmfirs Of nnr people tina whea',
,,TD. beef and pork pf,h- W-s should
D. sen, {" market. MT only Z" iced our
,wp peopl-, hur by it, sale in f.,r. is'
ands 20 iav the mt rest ON u debt
md fer rhe ARTICLES We pur:h''s Sc sbr'ad
This is the ar,t r.. a, q 'anc;a' nee.s
Try "f our c"uniFy. To 10 This III
'e>i paI.eT - that Which L.
made for this objecr. It.is payable a.
H. Commercial Q nt.Is. y shor, da'e
IL has nor only ~ a~ccrp,a"ce at ri.
Hasr, hut is fortified by "a bill IF sale o
he very Prosperity which rs b"pght by
is pr ceeds Why 10 it thar this coIp
y rcia! paper made FIR purposes s., es
ntiai aud mrriiorious-ampiy secured
md havir g abou' il . very feature which
C. mma"d cted,t-chu c"maand
he prnns'r-,us interest If zen ar twe'v"
ser cent? Ph,s is a grave question
IF: c'irg rhe waifsre OF every ct'z.n ~
ur land Th-re 's Il er'at wgp, < hire
~ ,h- veIy h.s's OF the husi"ess Ir"s
and personal comfort Of rhe cir
ns 81 these United States VI ha"
lie Wss'ern d. al IN pr"drc~ snes u"
hr hank"rs of Chi-a:.,. Milwaukee
or ether cnn'mrrc'aI .ce"trrs al s
West. aud off"r< a draft. payable ~ ,
n E.steru city IF und"ub'-d cytd.t
, get the currency :" buy the VIII. at a
eef. purk or produce Of the Wes,er' c
,rmer. he is chnrs.d this mnnr'Io's a
,'er..f. AMI VII. n he obi. CTS rha' il j. a
1iHou- ADD unjust. he IL 'old { at 'hr j
snk. r can do hettei : thar he has n c
urrsncy Of his own I; that he can nor q
ct i, tor himself /; that the whole v"'u
e authorized by Copgrrss has hern
Ik.n M manly in rhe Fast rn STATE
lar. IN order to SET THIS currency. tn"
may go t.e ih' East and Dor \