Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1852-06-09

Much is said IN favor Of henlinaI
public stocts
stocks which he depszi e 4 - r.
such bills should cost any ahppss 1
make the bill holders safe. why could not a
then take the money which he pays for the
public stocks and use it as he does the bills
which represent the money. The people would
be as much accommodated, but the truth is,
one is p ain, straight forward business which
every body can understand the other is crook
ed and concealed operation with various chan
ces for fraud and speculation. Banks produce
nothing. They add nothing to the real wealth
of society, and the immense fortunes which
their managers make are sucked out Of the
substance of the people With our constitution
unchanged We may not see 1.-THE money
Kings" rolling in luxury and wealth. Splen-
dor and magnifence may not dazzel our eyes
on every hand. Millionares may not be com
mon, but there will be more equal distribu-
ton Of property; more men with moderate for.
tunes and comfort able homes thar under the
regime Of thousand banks. If, however, the
people Of Iowa desire to he ruled bv bank
ocracy, we say. let the will of the people be
done; but when the healthy man shall wish
for fever, or the moral man for gambling de-
vices, then do we expect that the citizens Of
this State will walt banks; and the hue and
cry upon this subject we think has been chiefly
raised by greedy specu 'ators, and not by the
working ard producing classes who look not
to stone vaults and iron safes for blessings,
but, "to the rain Of heaven and to the fruitful
seasons to fill their hearts with food and glad.
ness"
Because the constitution does not allow the
General Assembly to involve the State more
than one hundred thousand dollars in debt
without the consent of The people. wing poll
ticians say it is constitution mot fit to be
made" We conclude from this that the wings
want 10 have the state in debt and this is not
improbablesinc Hamilton taughthis disciples
that National debt was National bles-
sing" When the wings can have bank and
be hopelessly in'debt then will their year Of
jubilee come. 3Wi,h these, they can now & then
enjoy the sweet conso' atoms of bankrupt
law" Are you anxious. fellow citizens that
Iowa like some of her sister ST ates should run
a career of insolvency. ruined credit. and prac-
teal reputation? Are you anxious to have
your taxes made five fold more burdensome
than they now? If so vote the wing ticket
in August. Go to the trouble and expense of
changing the Constitution that you may enjoy
these precious privileges N. Y. and other
States have learned from experience the neces-
sity of such constitutional restriction upon
Legislative power, and our own experience
will be like theirs if whiggcry can have the pow.
err and be free to plunge the State into an in.
debtedness o: millions Before the creation of
grea' State debt We think the people ought to
be consulted and their consent obtained, but
our opponents treat this idea as perfectly ridic-
ulous.
The Wing address, says, that no laurel
should be pucIed from "the blushing brow of
Democracy" to which it is entitled for The
Code This address is signed first by j. P.
Cook as Chairman. and then by the others of
the Committee. When. therefore, j. p Cook
as Chairman of the Wing Executive Committee
proceeds in this address to Witty the democ-
racy for a law chat taxes the little that NAV
be left the orphan, and the small annuity of the
widow" and rcnem bers that he as Stare Sena-
tor voted for such law, self respect would
seem to require silence, upon the subject of
"blushing brows." The facts about the pa,er-
nifty Of 1.-THE Code" are briefly these. AL of it
was the joint production Of Judge Mason
democrat. and Mr.. Woodward whig with the
exception of the criminal part which was chief
y the work Of Gov. Hampstead. When before
the Legislature it was voted for by the wings
in the Senate, and by the wings in tho House
Of Representatives. Upon it's final pasaags out
| Of four nays in the Senate. there was sse whig,
and out Of thirteen nays IN II 1ac<eo
wings.
Hvsry.A.ly hnswsl0
sidered party measassy q 1 I|[ (.!|
OF its provisions proved unares
people. did whig politicians attemptto wrest Il
to party purposes. II to he tur the Code 10 II
to DC Locofoco as legged then u the chair
man of The " ing Executive Committee Loco
foco-then is the late Wing candidate for Con-
grcss in the First District Locofoco-then ia