Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1847-06-25
From the Hawk. Eye.
WHY WONT THEY TRUST USs

We understand that our fellow citizen, W.
F. Coolhaugh, Esq. who has jus. returned,
found it exceedingly difficult TO negotiate the
Iowa State Loan even al the enormous rate of
ten per cent. He advertised in most of The
New York city papers. obtained grea, facili.
ties 10 getting access TO moned men, and nof-
wIlhs'anding he made every effort 10 obtain
the loan. he came very near falling in the ac.
compishment Of his mission. Ii was not be.
cause capitalists were not willing to make in.
vestmen's Of their money CT such a valuable
rate Of interest, or that there was not money
enough 10 be SO invested ; but their objections
Were TO ioaning money TO lowe, which they
would moi allow to be fully orga nzed as
State. Those men seemed TO know as much
our own people Of the failure Of our Legisla.
ture to elect U. s. Senators and Supreme Judg-
es. They had heard all about the uncons,itu.
tlonai and mobocratc proceedings Of The Leg
IS'a'ure, and they used these arguments against
looming money 10 such State. The whole
whole State has to suffer ia this way for the
mlsdeeds Of Locofocosm. They argued fur.
Their that if STATE would tolerate such pro-
ceedlngs, and submit TO have no representation
in the Senate of the United States 10 have no
Supreme Judiciary, as required by the Cons,i
tuition the people would not hesitate to repu-
pay. The attempt to repndiate the debt due
the bank Of Dubuque, by issuing an injunction
to stop It's payment had its influence also.
SO The bitter consequences of the sius Of
few Locofoco desruclonists IN our Legislature
are TO be visited upon the whole people! Our
character as State, even in our infancy, is to
be ruined by these few men. Who can be.
lleve for one moment, that while money is so
abundant in the east. and is continually seek
ing safe and profitable Investments, There would
have been any difficulty IN negotiating loan
OF So, 900, even a. 6 or 7 per cent, ifcapita.
lists could have only had confidence in our hon
esty as wei! as ability to meet our engage
men's There must be some reason for their
not having this confidence in Iowa, and there
are no other reasons than they themselves as
assign. Mr.. Coolbangh was finally enabled
by Offering individual and other undoubiej Sc.
curity in PhIIade'p na to negotiate a portion
Of the loan Sufficient, as he supposed, TO meet
all present demands, a. the enormous rate Of
| per cent. This unnecessary tax ofinterest
on The people over and above the ordinary
rates, can be attributed to nothing but Locofo.
CO mlSrule; and the question should come
home TO every one, Will you any longer sup.
port men WHO are thus destroying The charac-
ter Of the State and sucking your very life
blood. only 10 ihwart the wishes Of party
The Whgs-whose sole object is to give char.
acier and stability to our new government, and
promote the highest prosperity of the people
The secret motto of .ocofocoism is " Rule of
RUM" while that of the Wings is g Help one
another Choose We between them. What
good have the Locoiocos-- they have had
full, unmoiested sway-ever done the country
or State Look at the tendency Of all their
nd
JUDGED, independent men. What good have
they ever done Echo answers VIVA, :"
III view Of these facts, iet everp we'll wisher
Of our new State resolve to redeem her charac-
ter al the rext August election by voting for
men who will truly ropresen. he people. Our
only regret is that new Lpgs AZURE is not 10
be elected, aud That the people cannot eonsti-
tulionally elect their own Senators and Su-
preme Judges.