When was it published?

January 29, 1856 in The Daily Gate City

Domestic News January 29, 1856

The Daily Gate City

Q: What keywords are associated?

Wildcat Banks, Nebraska Legislature, Currency Issues, Western Exchange Co, Omaha Issues

Keokuk, Lee County, Iowa

View full issue View on Library of Congress PDF Page 2

What is this article about?

Bills introduced in Nebraska Legislature for more wildcat banking institutions; Western Exchange Co. in Omaha unlikely to succeed in issuing currency, with warnings of potential economic havoc similar to Illinois and Michigan if accepted.

Clipping

OCR Quality

98% Excellent

Full Text

Bills for more wildcat institutions have been introduced into the Nebraska Legislature. The Western Exchange Co. do not seem likely to monopolize the management of this delectable business; but present indications are that that institution is not going to prove quite as successful in respect of supplying the country with currency as they anticipated, and however many cats may be bred in that country, there is little chance of their scratching the people of Iowa very severely. But let the public once give currency to the Omaha issues, and they will have opened the doors to as wild a flood of trash as ever brought havoc to the business of Illinois or Michigan.

What sub-type of article is it?

Economic Politics

What keywords are associated?

Wildcat Banks Nebraska Legislature Currency Issues Western Exchange Co Omaha Issues

Where did it happen?

Nebraska

Domestic News Details

Primary Location

Nebraska

Outcome

unlikely success for western exchange co.; potential flood of worthless currency harming business like in illinois or michigan.

Event Details

Bills introduced in Nebraska Legislature for additional wildcat institutions. Western Exchange Co. not expected to monopolize; indications of failure in supplying currency. Minimal impact on Iowa anticipated, but acceptance of Omaha issues could lead to economic havoc.