The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1852-12-16

rr,nar n oald and silver currency III Tue s'a's,
II nv ASIDE the sheet anchor oi oar sale'y anu
..sl anrselyrs upuu the mercy Of TIC waYess
a. o. en,,nsction With this subject | may say
:a, Nj Madison .stha. the loss which America
Ibass9<iainel from the Pesillrn'lhi eneels o. pa
nar nancy on III. necessary cohhaehce - "e
nahlie caun,ils, OF the industry "uu NV ~
lte people, and on tile character - :,
,r,,.',p4nqt,t constitutes an enormous ueo asdshs'
: ! starss chargesble IS Ia this unad sised mess
.e.. winch must long remain IN 'aished ot TAN
Gran accumulation OF gull which can oe eNPia
la Nat otherwise than by voluntary sdefiaee
IN HE alter oil JUSTICE While systeh =
baking may erse the purpose OF stihla'a'ihs vi
thapes and business pursuits o. community a'.
;npart mora than ordinary ,iger 70 The current
az iratlie. during season OF prosperous cteu't'
still Il Is always teaehefous anu ltaaSh. Wy
100 many uncertainties upon when 10 fiSA .he
toll and industry Of those VINO are sehetai't :"
Ileas, ab,eto bear the Losses incident 10 paper
currency. What is to be gained By the gfea'
ba9g of tie people OF the State by the creation
ar banks among rs and The substitution o. pa-
Ger currency. The inevitable tendency oil Wnicn
will he TO dire specie lrom circulation! WI
ria result move sounder and safer state oil Affairs
aF1er banshins gold and silver from circulation,
and placing the business relations OF The state
l0pen ioun alton which the Arst blast OF aver
siiy mas sweep away? Already we have 100
much Of his currency among ". Already M
i 10 = great extent driven the precious metals
from the county, and IL permitted TO continue
q III be nefilous 70 our best interests. for me
nnraosp Of feiainihg Ii circulation suiheieht
sum Of gold and silver TO do the ordinary business
II oar citizens, | respectfully urge upon me
General Assembly the pfoprietN OF passing 'a~
10 snlireiy prohibit tht circulation oi al eahh
notes Of less denomination thai ten dolihts.--
4 laW of this character woali have ihoSf sai
qeafy elect IN driving or the small notes rom
am 4ng Us, aud 70 considerable extent ~
,ect our cit zrns lfom the effects Of bank exptot
SONS.
II i also time 10 enquire NY { i thli he
& Institution 81 ihis ,tate should be aeh 81 IL
gHtbarize the l#giSi tike p0Ner, ny OF la"
10 rftate ne9Iaaltiey ant di.flaeton- among en-
ca zen bS Z antins tie moei nep TAI IL w
$50. Ia SONG a. tie exclusion oi utters. II
ha- been la~tly sad tbt - great SQUIRE OF ~
ue4uati III the conditions Q men ih : e. !.
Nerty ami tnef + afsr tramtii aeiioa q idN
his l. paiiiea All iEetase When pEitea " ihe
2 ant NJ o cor orsti n paw"rs and ff'H eyes 70
tampaFi@s ieI pecunta profit b. seciat ei'et'
in4ft And nat Sas mt smell lrsisla iot Il
al coasi.tH a. with tie trae prime pes ot is-
Hrlfl can government Because tllai tom t'
gGsernmengt srn emplated pPtiect e4gahft 81
political Tights sd exclusive III eGes aa3
n6napEl as 10 n me- The Constitution o. Iowa
aas therefore aisey prob hlted the enactment 81
~ Ii law. an provides ~ general aet ~ ~
corporation. The ftiN edges 81 which are Ire Q
eyaf4 al zen. / ct il Is eoatenae1 ny some lhd'
This valuable prohibition, together "nh TIE Re-
sttiettaus 81 site indebtedness shati he cast
aside IL he purpose q trying dangerous eNfef-
Hneul-. wh ell ~ al probability would res II
aisas,rou>ly to tn Safe and the people. To fe
State 81 plargius hei IT. treRabiy p dshf. II
he aeople - private .oss and btadrhsome taxt-
len
Senators nj Representatives; IA cfosin5 his
con n 5niea.inn, mav a that he Safe q Iowa
is in prosperous eouditIon-raptdly Increasing
in population VIM probably f3ihe smallest deAi
Of aav stase iii the ntUn--a' Industrial employ
Iaents finding eneoar : pfit ardsr the r. Ma
administration OF the laws and the eSetetse"l q
healthy competitina thar lsHa5e free 70 al ht
tbe prime pias Of ter .nstiuten-aad q a g
attachment IT, fhe uian ana 10 the i#si nights af
ca state c8mgos ug it. THUS stand rs ert
policy and Her destiny have been committed Q
ygar hands That yoa vii protect and respe'-
Is'a tat high character, by equal and just St.
actnlents, by prudence and economy, ami t3e
vision II yoar councils cannot be dohbtei.--
Ara n = hieh efforts allnH tie q assure you II
mr hearty concurrence and cooperation.
S. HGMPslEAD
December, 1852