Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1844-04-27
nqiaers' Bank or Dubuaue


This institution. We Learn from the Duhua1e
papers, has Resumed specie payments. after lay
ing reNained ina state Of suspension Cor some
fwe o. three years sursas all Of which period
is paper has been comparatively vaiueless The
hol4ess Of the noies al the time OF the suspension
hese parted with them al an almost entire saeri-
zee, usdes the inll know ledge that the institu-
tiea was totally bankrupt, and the paper Is now.
wllb the exception OF a very trihing amount, in
~ possession Of the agents 81 the Bank aud the
Dsak itaelf The injury inflicted upon the com-
maaity. therefore, by the reputation Of its issues
- The Bank, eaoaot he repaired ny the present
rssanPtion; and such being apparent, there are
but very few, we opine. who will look upon the
acauneiation made in The beginning Of these re-
nsrts - one Of any general importance.
viewed in another light, however-the effect
4 i 70 lave upon oar next legislature in forcing
thsssgh - act i~g.Iising the past delinquencies
Of Tie Bask-the resumption acquires import
aaee. The time and money expended, the pains
takes, and The Pertioaci:y with which the man.
ageo ssd owners Of the Bank pursue this their
issesite object, al combine to prove that spec
sla1isoi = involved IN the result Of much larger
sossnf - WAS af krst anticipated The most
eztsassdlnsiy appliances were pa. into ulera-
ties both last winter and the winter before 10 r-
dsee the Legislature to give its sanction 10 an
ct releasing the institution from the pains and
peaallies which attach to it, forfeited charter:
bit sbe At .mp1 in both instances, proved unsuc-
eaxn n - r>.,>. s~A r>bm r. ..>,r -, - 49,.
Sisce0raSsl those to whom hey We adm MIS-
tered; Tor Il 10 evident that preparations are now
bsiag asaefo beset the next Legislature with
nsse vigosous eGor ihan any ever before made
Asd with This view, doubtless, the present re-
sunpaios is@sAe; ard The fact-that the Bank is
q pseseat paying specie for its liabilities, with
he fal1 kpowSege Of the risk it incurs, is relied
upos - ss6eieat to induce favorable action.
An appeal win Be made TO the Legislature; the
a6eant exprsaed, properly magni6ed, will be
~ Sosth in imposing numbers; public gcnerosi-
y win Be invoked; the safety Of TIE bill holders
(aew enissioo) will Be dwelt upon; the injustice
ofpsrnitfing innocent r-rsons, who had no hand
. The former nisnanagement Of the institution,
- ssGes, when il can easily be svert-d, will be
held ups and IN this way, with the aid Of such
sthes arguments and Influences as may be deem
= expedient and mitable to the occasion, a free
aeq1ittal Of m past offences is hoped to be OBJ
taised ior The Bank II is proper that the peo-
- sAssld Be sdvised thus early Of what i going
a, thst hey nay vote anderstaadingly Cor rep
pessutafivss II he approaching August election.
ne-asaae that were resorted to last winter to
iastrs4 The henbers from this county 10 vote
fer the ressseitatioa Of the Bank are 80 general
j ~ - veil known that we need hut alIude to
tAsn; Il i sukeient to say that those instruc-
tisas ~ ast express The sentiments of the ma
jssity of the voters Of Des Moines. This asser-
tisa We ars willing to submit 10 the test Of the
next election, when the question viii undoubted-
b oaks up ons of the issues to be tried before
tAe pesels.
hi uadsrthe peculiar circumstances BY which
Ne - surrounded 4 present, we should oppose
~ sEteasioa Of further legislative favor to the
Deak, ssss were il more deserving or worthy
thar IL .Aialosy shows il 10 be. The people Of
levs Aavs dseiled sgainst remaining a.Teuito-
: y aaeA Deegss, ard convention Of delegates
win alnhos = November next TO frame con-
sti1utisa 6sr iAeiegosennest as State. Among
~ nssy qsesoisns which will come before that
eeav0eioa, ssses perhaps, wiil Be generally re-
garded - efUsaaer importance Than the power
efeAaStering Banks; and whether the result; be
tee eooseitseaal assent 70 Of Prohibition OF sach
iaeimSsas, 4 = equally impatient that the State
shau - estissly unfetisivd, and free to act as
: ~ b thesiat best A very large portion of
Or peopae, wAe have witnessed the corruption
efthe bankiag yseen, and have suffered From
~ abases, ~ = fasss u wholly withholding all
peuef fien ~ LigislatSss 10 establish banks Of
aayfiS4 VIE tbese are othes, again, who b.
-SevsitT y jnpose Such guards and re-