Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-08-22
Nasby.
FURTHER INFLATIoN-FoUR NEw BANKS
AND FINALLY, EVERY MAN HIS OWN
BANKER.
CoNPEDRIr Y. ROADS.

AND FINALLY, EVERY MAN HIS OWN
BANKER
CoNPEDRtr Y. ROADS.
wICH Is IN THE STATE OF KENTUCKY.
The man wich undertakes to benefit his
fellow loads up very heavy ccntrack.
Hall the citizens Wv the Corners are goin
back In the most ongrateful manner onto
the Onlmited Confidence and Trust Com
pany. They are agettin Sl9 a bushel for
wheat. aud about the same for oats and
corn. and men now talk NV thousands wich
never before knowd how to pronounce the
word, yet they amt happy. They hev .
hankerin after redempshun NV sum sort
they demand to know when this money
Nv ourn Is agoin' to be redeemed in suthin
else-sam other kind NV noney-e tho
our money. backed BY faith, wazn, ez good
ez apy in the world. Efthese malconten,s
wood only take 1t and look pleasant there
woodnt be any truble about It.
But these men are not the worst we hev
to contend with. The citizens " ich are the
stanchest supporters Nv the new money
hey determined that. ct We hey the rite 10
ishoo money they hev the same rite. And
so fore moo banks hev bin started this
week
Mackey and Burns started one. with
Mackey CT President aud Burns ez Cash
Ter. and Niger carpenter ez the Boord
Of Oirekters. They hev got the drop on Us
by reqnrin the officers to give bonds. wlch
they accomplished by hevin Mackey sign
Burns. Burns sign Mackey's aud both sign
the niger carpenters. Then they hev
another Advantage over US. Tor they bought
their own press and print their own notes.
wich, ez We hev to pay simpson the prin-
ter, profit, enables them to make money
cheeper than we kin. They call their in-
stitooshun The Nashnel Benefit Assosha-
shen," and hev the bankin offs In Mackey's
bedroom In the Program House
Scasely WIZ this bank hls'in out money
afore Squire Pettus and Gedney the shoe
maker started another wlch they called
The Blessings Diffusion Bank of North
Amefiky," with the offs in Gedney's shoe
shop, and they got ahead OF Us by printin
their notes in Two colors, wich must say
gives en- solvent look.
By this time wheat had got up to $50 per
bushei, and WIZ scase at that,
Then Parkns and Barney. the plasterers
who he'd made a great deal NV money since
iunashen set In. they had to start bank
wich they called '''The Ekitable aud In
sashable Bank Company NV the Yoonlted
states and they ishooed their bills by the
bushel.
Wheat went up Immediately to s3S per
hu,hel. and a moo era Nv prosperity set in.
Before lcsc hnanscers had got fairly
underway, Butts and Busterd concluded
they'd 20 Into banhin and behold one
mornin the bills NV the Labor Stimyoo-
laln Company Butts President" made
their appearance. They didn't hev any
oiil.. for Butts sed he didn't see no use OF
an offs. lie Good pay out money on the
street all he wanted TO ef the people wood
take 1t, aud ez II never wuzn't a goin to he
redeemed. wat did he want OF an oils? He
want goin to any such expense, for he
believed ia economzin. To 80 10 yooselis
expense wuz 10 show culpible disregard
Nv the interests Nv the people Wheat
went mp % si5 per bu,hel, and there wuz
more prosperity.
Tie troubles set In in chunks. The peo-
pie who wuz not interested In bankin re
foozedpint blank TO take any nv their ish-
oos. Banks wuz a gettln rather too frekcut
and the times wuz a gittin ruiher too pros
porous reachshen okkured agin our
money wich we who wuz Interested dcterm-
ined to crush at wuntz.
The of,ishls Nv the five banks in the town
met and decided TO hold meeting NV the
citizens, al wich steps shood be taken 10
legalize our ishoos.
The meetin wuz held, and Nv course we
kerrled 1t without any trouble, for seven.
tenthS Nv EN- had our money in their pock-
cts. and they would Keep It biln. TO
that end We passed the folierin resoloO-
shuns
Whareas, The Democrisy NV Ohio and
Penn Sylyany, with singerly just sppre-
shia.hen Nv the wants NV the citizens Nv
the Cross Rords, hey demanded more mon
ey. and
Whareas, Five compInies hev kerried
out the idee NV the Democrisy NV Ohio and
Pennsylvany by furnishin the people more
money, aud
Whareas, Notwithstandin the onparal-
eled prosperity that hez resulted from the
increase In currency, certin men In the
cumoonitv, by refoosin TO take II decline to
be benefited: therefore, be It
Resolved, That this meetin Nv citizens
demand NV the Town Council that towunst
convene and pass an ordalce maxim the is
hoos NV the five banks legal tender for
everything from drinks down to taxes, and
that any citizen who reioozes TO take Il, or
murmurs at II, or In any way discredts It.
shell be held ez "A public enemy and be i'm
mejitly hung.
The whereases and the resolooshun was
passed to wunst, and | felt easier. With
the power to hang all who refoozed TO
take our money, l rather think kin make
IL current A rope over the limb NV a tree
Is a persuader Of rare merit, and il Is the
best endorsement NV our paper we kin pos
siblv hev.
SO far so good. But jet ez wuz feelin'
good over my success, tina. onmitigated
cuss, Jehial Perkins, the man wat give his
note to Bascom for bari NV whlskey with
such distinguished success: rose and sed he
he'd series of whereaseS and resolooshun
TO pass. He went on to say that he he'd
given this question of finance great deal
NV stIdy. He indorsed fully the posishen
NV the Democrisy NV Ohio and Pennsyl-
vany. He believed in more money, mou-
ey enuff for everybody. lie plnted with
pride 10 the development NV the Corners
since the creashun NV more money, and
he bleeved that still more money would
make still more prosperity. The idee wuz
correct. The Government shood ishoo
promises to pay and faith shood make em
good. without any such nonsense ez re-
deemn; and If the Government shood do |
1t. why shoodnt banks; If banks, why not
indiviUles? That's wat he wanted to know
Ell ther WIZ any such thing ez redeemin it |
10 gold or anything else, the people might |
hev the rite to ask them ez ishood the gold |
or anything else TO redeem EN- with, but ez |
ther alnt no redeeming proposed, why that |
question don't come in. The people hev to |
bev faith. and that's all the hevn ther Is in |
the transackshen. He wuz a bleever in !
more money. and he proposed to hev more |
money. and he bleeved that them ez had |
the greatest need for money shood hev the |
privilege Nv ishooin it; aud SO long as the |
people took it from each other IL anssered |
all the purposes Nv money. and wuZ mon- |
ey. Therefore he proposed the yoonani- |
mus adopshun Nv the followin whereases |
and resolooshuns
Wareas, Ef yoo hev good thing. you
can't hev too much nv it; and,
Wareas. the increase NV currency In the |
Corners hes bin productive Nv prosperity
such ez We never dreemed Nv; and.
Wareas. 1t Is the dOoty Nv all earthly |
governments to diffOose its blessins ekalIy, |
thereby imitatin the docs OF heaven, which |
falls alike on the just and the unjust;
and,
Wareas. the manufakter nv money
shood not be confined to the few, but |
shOo1 be the privilege NV the many;
and.
Wareas. we Recognize the justis and pro-