Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1847-06-02
The State Loan,

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fray the expenses Of the State government
The picture which it draws is truly a hid
eous one, and its reflections upon the fes
lures ofthe act are truly humiliating to til
pride of the citizens Of Iowa. But that shee
has purposely misnamed the group Of pc
liticians who sat for the picture; and to Sc
this matter Of history-and it is also mat
ter of record-right before the public, i
the object Of our present undertaking.
| The Standard calls attention to tn
odious features Of the act, as "the beau
ties of locctoco Legislation" We ca,
scarcely fiLd it in us to reprimand oul
neighbors for being ashamed Of the com
pany in which they are found, and for seek
ing to shun the odium which so Justly at
taches to sll the acts which necessarl,
originated in the federal branch of on,
General Assembly; but the public have q
right TO expect that, in their efforts to do SC
they will evince some degree of fairness and
decent regard for truth.
At the close of the session, the Stand.
ara promised &c review all the acts of that
body "without par,iality,' totrace them ia
their several sources, and to expose those
unfaithful public servants who were de.
rilict in their duty to their country. We
were disposed to believe that the editors
were sincere, and TO regard this promise
as symptom of returning sanity and
reason; but we find that it was of piece
with ak other wing promises, and tina,
our nejghbors are about "re,urning with
the dog to the vomit."
The picture which they have drawn is
in the main, true one; just change the
name Of the group which sat for the pic
ture, by substituting the term federal for
locofoco," and it will do very we'll. The
features Of that bill may we'll be styled ''the
beauties of federal legislation" 1t is strict
ly federal measure in its very inception.
1t was conceived by federal Committee
of Ways and Means, brought forth in the
federal House of Representa,ive-Mr.
Hebard, chairman Of said committee, and
commander chief Of the wing forces,
whose dictum was!aw in that body acting as
accoucher, and tenderly reared to maturi-
ty by the wing speaker, as matron, assist
ed by the whis member from Muscatine.
as wet nurse. Not democrat in either
house had any thing TO do with the bantling,
except merely to tolerate it, as the least OBJ
jectionable, and indeed the only one which
would be presented to them.
In proof of what we have here stated, il,
is only necessary to allude to the fact that
our constitution requires all bills for the
raising ofrevenue to originate in the House
OF Representatives. The loan bill, being
bill for raising revenue, could not orig
mate IN the Senate; consequently, that
body was compelled to adopt such a mea.
sure as was proposed to them by the
House, or get none; and the necessity fer
some measure Of the kind, TO preserve the
credit of the State, was so imperious as
to out weight their serious objections to
the cdious features of this bill.
This bill was therefore dictated to the
Senate by the federal branch, as the only
alternative for preserving the public credi,
unimpaired; and sorry alternative i,
was. In this we perfectly agree with the
Standard, and next week shall favor our
readers with its exposition of the provision.
Of the bill. But, hereafter, when tina,
sheet undertakes TO expose the reckless
ness of federal Legislation, we trust that i,
will not be guilty of such gross perversiou
OF language as TO use the term "loco
co. where "federal' belongs, and that il
will not seek to shift the responsibility o.
the acts of its own party on to the
shoulders Of the democrats.
With regard to what is said respecting
MIR. Coolbaugh, the agent for eliectng the
loan, we have very little to say, except tina
we think the Standards structures rathe,
i'll timed, since Mr.. C's departure to ef
feet the loan, and before learning the re.
suit, or seeing how he discharges his duty
He, it is true, is a democrat; but he wal
brought forward and strongly recommend
ed by the whig Senators from Desmoine
county. The objections made TO the agen
proposed by the House were personal
& not political. We trust that the honesty O
the agent, together with the character O
his sureties which is at stake-for the pro
visions ofthe law are such that the bond it
self furnishes a very inadequate security 70
the faithful discharge Of his duties will We
prove our salvation from the effects wbic
might otherwise be anticipated from thi
Il