The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-08-20

swine into our woodlands to laugh and
grow fat on acorns, beech and hickory
nuts, that we may laugh in time at their
fatness, when the winter wind moaneth,
and GU. knives are sharp and water
hot.
1 read in the New York = rid, Sun
and Herald, that money is plenty there, |
and they claim a superabundanee. DOUBT
less it is SO; and It is equally true that
there are more barrels Of -four IN New
York than Chicago; more barrels Of pork
in Boston than Cincinnati. These are
articles of commerce. and so is the cur
rency of the country. The rational pets
National BunkS-soll and barter IN their
issues the same as the hog and flour pro-
ducers of the West do their products.
Nhv more pork, -four, cotton, tobacco and
rice in New York, Philadelphia, Boston
and Bait more than In the West or South
Smpy tee use mon'y centres conir
the market by money centerod therei and
how ceutered? National pets receive
Une-fourth per cent. charges for deposits
there of their currency; charge the mer-
chant One-half per cent. interest on
loans, and pay hun OF with draft on
the Depository East, with one-iOurth 10
one half per cent exchange 90 to any
National Pet and try to buy draft on
Cincinnati, Pittsburs or st Louis. You,
cillzens OF West Virginia, cant do 1t
but draft on the East or North, you
can, readily, on small premiums. lou
send this draft To your merchant III
Pittsburgh, Wheeling, Cincinnati or
Louisville. He prizes 1t from to
more than if on his own city bank. Amy
merchant knows these arc facts. Our
money. rs our pork and beans, leaves the
producer. and finds the non producer the
ipienl Of pr,hts.
,i e lalkaUO the balance of trade be-
ing against Us ~ h nation, with European
countries; but We fail to note the facts.
Our own Vast country acts ten times
more d, trmental.y to her interests rs
nation in permitting one section, through
the manIpulalions OF our currency and
usurious interest, to cripple the ether or
producing section. To-day the west
and South are drained, not only
OF their production, but OF money.
/ The North and East have our
money; have our products OF labor,
! but, the remedy OF the evil existing, L
nm not astute enough IN finances TO solve.
Suppose we refer II to the financial cor
r, spJndent of the Charleston Courier.
Bu.this say it is the province ofthe Dem
{ O rate party TO save the nation S2oOOU,-
600 paid u the national pets Nation
al banks-bv their total abolition. II
they wish to bank, give them Greenbacks
TO the amount oil bonds deposited, allow
ing no interest on the bonds SO long as
they use the Green backs issued on the
latin of the deposit. l regard the Ma.
tional bank s. stem, rs now conducted, rs
the source of all the woes that atillct the
nation. They are engines OF oppression,
and we have 1900 OF them, representing
on paper S3jO.OOO 900 Of money. Yet /
am beid to say that halt Of them are
founded on deception, If not outright
fraud. | will give your readers little
insight into the manner OF organizing
National Bank, with an OStensIble capital
ot 500 600 yet $4,000 only required to
do the lob. In 1871 ten respectable gen.
tlemen raked together by borrowing OF
nrighbsrs, $1,000 each. With this
$4,000 they sent agents to Washington,
and with them. ten fully endorsed notes
persOHa.) for $4,000 each, making SSO,.
600. SO putting $40 900 cash, $4,000
well secured personal bonds, and small
amount for contingent, say 500, they had
gUaHt,Ol Spficit for full llcdged Nation
nj Bank of 100000 capital. By little
further manipulation, they went TO Jay
Cooke Il CO.. and asked the loan OF SlOO,-
600 L. :. 80 bonds, for thirty days, and
gave $4,000 cash, these well secured
personal bonds and used portion OF the
$500 to pay the lOani received The bonds;
deposited the same with Uncle Sam AID
In exchange he gaveof pet currency S9O-
OJO Back TO Jay Cooke " Co., passed
tho virtuous agent of these ten virtuous
! bankers counted out the new trade cur
/ rerCv; lifted their securitie-; came home
/ with $4,000; opened n National bank
I with 500 500 capital; receive d deposits;
! banked on the same; loaned At II to 10
! per cent; received regularly 30 int
/ rest from the government on bouds,
| to-day all these ten virtuous bankers are
| pratng about the faith OF tho govern
] nltll u ron III Ntdiku -N'N "hC P''o
all these profit and who Is rcSpuns ble
| the oppression. The business and Pro-
ducirg portion of the community boar
the burden ard demand 10 be relicv d
from such tyranny and fraud; and TO the
grand old Democratic party the people
look to US the brcrkcr of the shackles
that bind them The issue to-day
by tn OHIO platform is placed airly BE-
fletlc p uple. The 6naI cial questi n
is cluthcu in language, not Ambiguous,
but easily understood, and Democratic
orators that leave this, tho only vital
question, to twuddle on side issues should
and do and receive the Just condemns
ton of intelligent readers. |; the plat
form is acceptable, let them accept man
fully; if otherwise, speak out; but don
dodge. To do 50 is contemplate and
undemocratic. Ion