The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1856-01-16
DUBUQUE ON OMAHA.


meeting, among other things said and done
passed resolutions strongly candemning the
banking operations OF the Western Ex-
change Fire and Marine Insurance Compa-
n.y." The Dubuque Express and Hsraa is
thus fully sustained By the Democrats Of
its vicinaga, in the position il has taken in
regard to this hybrid institution. We no.
tics that some OF the Locofoco journals in
the State, whose inconsistencies border on
insanity, affect to impugn the politicsl Or
thodoxy Of the Express, and viii probably
soon proceed TO read it out Of the party
But the Express has unquestonably more
brains than any Of its party contemporaries
in the State, and we doub, not that It will
fully uphold It's own side Of the argument in
any controversy that may arise between
them
Without any doubt the Express is on the
JacEsonian side Of The argument as it stands
al present. and il il another rather laugh
able instance of the Inconsistency Of the
shan Democratic journals and leaders Of
Iowa, that while they argue IN public and
resolve in conventions against any system
Of banking however Legitimate or well Sc
cured, they are at the same time laboricusls
engaged in foisting upon the community T.
spawn OF spurious bank.issues which carry
fraud upon their face and have none Of the
characteristics Of honest or honorable bank
ing. ltcannot be truthfully denied that this
Omaha institution was organized for the
purpose Of supplying as faI a possible the
currency Of this State, and that il was placed
IN Nebraska for the purpose Of eFading the
laws Of the State, Yet this is the kind Of
institution which has been originated and
supported by the anti-bsnk Democrats of
Iowa, who are constantly yoeiferating their
opposition TO monoPolies and ssery species
Of SPECIAL legislation.
We are in favor Of safe and Legitimate
banking system being established in tins
State, ana our favor for such system is
increased when We notice that in addition
20 the miscellaneous material OF which our
present currency Is composed, it s in dam
ger Of being still further deteriora;ed by CO.
pious infusiyns ofthese Omaha shinplssters.
We do not expect that old.fsshioned Dem
ocrats will join us in attempts to establish
such system, but We willingly accept their
aid in exposing the bogus operations O
these Nebraska bankers. We copy the
resolutions passed by the Dubuque Democ-
rscy:--
Resolved, That we have beheld with NOR.
tiled pride aud indignation the establish
nent Of q Bsak called the Western Elk
change Fire and Marine Insurance Comps
ny, at Omaha City, Nebraska Territory
owned and managed principally By citizen.
Of our own State, some OF whom have il
lines past occupied positions 10 the Demo
cratic party, and are now resident and do
ing business within the limits Of our own
State; We hold il 10 be self evident that
but Tor the constitutional prohibition, said
bank wonld have been established on oul
own territory, rather thar in Nebraska, anc
the issues OF said bank are intended for cir
eulation, not in Nebrssks, but in Iowa.
Resolved, That VIC regard the establish
ment Of said bank as gross violation o
Democratic Principles--principies which
are universal in their application and IN
limited BY State OF Territorial lines, an
we warn ali good Democrats everywhere I;
beware of its Wild Cat issues; touch not
handle not, and always remember that "mer
may change, but principles never"
We commend these resolutions 10 th'
attention Of consistent Democrats in thi
vicinity. Let Us ge;rid Of these i!iegitimatt
institutions, and then We viii be prepares
TO establish banking system Of our own
one which, as we have heretofore frequent
ly said, can be SO organized as to affort
complete security to the note-holder, an
will also be under the control of our owl
representatives and pay tax into our owl
treasury.