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# Spirit Banking-Letter of Ira B. Eddy. The Chicago Democrat publishes the following strange communication from Mr. Eddy, giving what he calls " a short history of the Bank of Chicago." There appears to be some little "method in his madness." Mr. E. writes :- A few weeks before the bank opened, Seth Paine met me, and out of curiosity, I sounded him to find out wherein he was insane, as people said he was. I found him a maniac only upon banking as I was upon spiritualism. I invited him to attend our circles. which he did, probably supposing it the best way to get my assistance. I soon obtained him as a medium. He then offered me the presidency of his bank, if I would take twenty thousand dollars stock, and give my notes. I refused to give my notes, but in due time accepted the office, when I could use the bank to my own purposes; and soon called around me my own true friends, dismissing all of Pane's friends, except John S. Holmes, and he did not know his friends, being a young man yet. Banking I despise, and do despise it as degrading the whole man. With Seth Paine and his Christian banker, we soon showed this community the rottenness of all the banks of this city. The bond stock banks were so only as far as they were based upon bankrupt stocks. But I mean that the general principle of banking is rotten to the core. We soon reduced our circulation down to a very low amount. I then took the stand, the time having arrived, assisted by a handful of women and their husbands, as doorkeepers, to give the inhabitants of this city a positive proof of the actual truth of spiritual manifestations, in a manner they could not say it was all humbug. but verily and truly Simon Pure. For three days in succession we gathered together the seekers after signs, many of them armed with dirks and other weapons, and we lashed them up to the utmost fury by a few truths now and then, and when the police, armed by the law, could or did do nothing with the vast multitude, we, with a few women, my wife among the rest, held the whole mob spell-bound for the three whole days. Not a hair of our heads was harmed, nor did we suffer one dollar's damage to our bank or property. I then changed my plans, running this community, who are so eager for money, through our bank and out at the back door, redeeming all notes held by the poor laboring man and all women, and giving all others exchanges on our spiritual principals, for near two days. When the bank had per-formed its spiritual mission, we suffered the sheriff to close its doors. This bank was conducted by me wholly for this end. I believe that I have ever been known to this people as an honest man, only a little deluded by spiritualism, but I just "aint." I now say, that every honest man, and all, shall receive the utmost farthing for our bills of the Bank of Chicago. We are also fighting for woman's rights, and could not have lashed up this community as we have done, without the assistance of women in our bank, and standing nobly as they did at our counter. God bless them, and give them their rights very soon. I advise honest men not to part with our bills ex-cept to give them out to the women, for we shall soon pay for all such in full. I desire all thinking men to reflect upon what I say, and learn some sad truths-sad only for the real crazy men engaged in this strife against spiritualism, and for a few paltry dollars. The war has been carried on by those only who are bereft of all reason, and they have also learnt that banking can be and is carried on without any security save generous confidence. We have so done it, and others are so doing it in your city. The bubble must burst, and then you will see who is crazy in sustaining rotten banks and rotten bankers. IRA B. EDDY.