| Show WILDCAT CURRENCY AGAIN notwithstanding that the phantasm of wildcat 11 banking and worthless state issues has been thoroughly dissipated pal led and that there can by no possibility be any further political capital gained by such means now there are some eastern papers which let jet go of the subject with the greatest deliberation not to say regret the Mil milwaukee aukee Sen tinei for instance recent ly presented its readers with a doleful account of the evils of the state cur currency reaby system as an it was thirty two years ago when 1647 1547 bank failures occurred in legs lees than ninety days and went on to say the bank currency of wisconsin was waa subject to the common lot bank failures were of frequent occurrence during the years 1856 57 58 and 59 the list of discredited banks banki grow grew longer from week to week and the climax was reached in the spring of 1861 the milwaukee banks became flooded with discredited bank notes accordingly the bankers banker of this city met and decided to throw out ten banks from the list hat of seventy which had been passed on favorably at the april convention such action was taken on saturday june 21 the workmen had just received reee ived their weekly wages and on reading over the list hat of the ten banks thrown out they discovered that most of the money paid them wax was in bills of the discredited banks they had already been subject to sufficient loss lose by the uninterrupted succession of bank failures and the now new discovery completely lete exhausted their patience noe on the following 10 ang mon monday there was a is sail still r remembered bemb by many ny eye witnesses this might have had an effect during the campaign but bat as aa is already seen not to any practical extent perhaps for the reson reason that hat it e endeavors n to create prejudice out of materials it was not altogether that the currency was the issue of state mate banks that caused the trouble spoken of but chiefly the imminence of the great war of the rebellion which unsettled settled values value and undermined securities of all kinds indeed deeda it if the national government itself had bad had bad paper money afloat it would have shared the same fate and later har have been held up to the same execration by those who hold held it when the ansh came as was the case with the notes coming from the state banks it was a time of general panic as was wag the year 1857 though from vastly different lerent dif causes albeit the war shadow was beginning to be seen upon the land even then unstable insecure money or rather bills pawing passing for money cannot be too severely frowned down anywhere it does not however appear that we are now in any danger from that source notwithstanding the financial plank of the democratic platform its ita endorse ment by thel the people and its authorship silone alone should we think be a sufficient guarantee in the right direction as was exhaustively shown in a recent inoue iesue of the NEWS |
