The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1856-12-24
,en.tAins xertA Reading

business will transpire tomorrow.
REruILIc
Something worth Reading
We call the attention Of citizels to the
following statements made by one of the
editor. OF the Keokuk Gate City, in letter
from Iowa City. Nay We no. ask the at
,en,ion of our venerable neighbor ef the
Democrat to the facts contained in the fol-
lowing. Is it possible our neighbor has
had finger in this pie, that he is so zeal
Gus in his defence Of Or. Eads.
Another specimen Of the unblushing ef
irontery with which this base and corrupt
officer CDR. Eads) charges his own misdeeds
upon Others. For this act Of the Governor
he deserves the universal commentator 81
the people Of the State, as it has already re-
eeived the approval of the Legislature, in
ciudinr many of the most prominent Dem.
oeralic members. The Report contains a
lie, OF the persons and amounts loaned 10
individuals from thar portion ofihe five per
cent. fund drawn BY the Superinten dent.
That you may see what credit is TO be at.
tached to his earnest and repeated assever-
atoms that he loaned the funds, in all cases,
with an eve single TO the public interest
and the security of the amount loaned.
wilt give you the names and amounts re-
ported for Lee county, SO far as recegni.
xed their locality And ! suppose it 10 lair
10 presume that the loans in other portions
OF the State are OF similar character, and 10
individuals of equal responsibility and
=, al RI
T. Walling L. Co.. 100000; A. 7. Wal
ling. $4,000. These sums, amounting
to near seven thousand dollars, were loan
ed out of the funds of the State to the pro-
prietors of the Locofoco paper in keokuk
ANY Of our citizens will be competent 10
decide whether Banker oil Keokuk, look
ing only to his own interests and the seca
rity of the fund, would have made such
loans L. J. Zwart. - 10000. This you
will recognize as a loan to the King OF the
Catholic Dutch OF Keokuk, in tender con-
side ration of his arduous political services
James III. Reid, 100000. This must
have been as salyo for his disappointment
in not getting the Locofoco nomination
A pretty round price paid for very small
article, don't You think, Judge Boyles aud
others, $4,000; i.eeeh g. Mcfarland, 49,
600; Leech $4,000: Goodrich. 81 las; Ed.
]. loot 81 ESQ; John s. Hamilton, 81 200;
w. A. Thurston, $1,000. All these you
will recogniza as Locoieco operators, Office
holders, or members Of the Legislature, We
~ lew OF whose names would be accepted
in bank for 1.-THE OF the amount loaned
them by the Superintendent.
noticed in the reaLihg oil the Report,
that Thompson, editor OF the Burlington
Gazette; Sylvesters, the proprietors oil the
Reporter bere, and many others of the To-
cofoco editors, had been favored with large
crabs from the School Fund. Neal the Sem
a,or from Marion, is also down for $4,000,
and other Locofoco members of the Legs
iafure and prominent Locofocos throughout
the state are down for handsome sums. 1t
may therefore be expected that with so many
paid advocates, both in the Legislature and
ont, very earnest defence will be made Of
the corruption and malversation in office of
which Eads is notoriousy guilty, as known /
on all hands, and as drawn rom the facts
Submitted in his own report, when explain
ed BY attendant circumstances.
Blu, am no, through with the list of Lee
county borrowers OF the School Fund. |
James D. Eads $4,000 90! Yes, James
D. Eads, Superintendent Of Public lnstfuc-
ton, reports 10 the Legislature and the peo
pie of Iowa, that he loaned himself, j. ID.
Esds, ex-preacher and root doctor, the enor-
nous sum OF $4,000 90. Such thing we
venture to say is without parallel. public
officer reporting that he had borrowed a
large portion of the public money in his own
hands for bis private purposes.
The whole secret of the matter, hazard
nothing in saying, is simply this, and will
so turn out on investigation. Eads used
the public money largely in his political and
PROF erty specHlatioDs, expecting thst Lo-
cofoco Legislature would be elected, and ne
could smpggie matters through without in
yestieaiion. But il turned out that Reppb-
iican Legislature was elected, and there
fore he went to fix up some kind Of an ar
rangement OF his affairs, by which he could
humbug The Legislature. To this end he
sold part oil the real estate which had been
purchased BY MIN to his friends, taking their
obligations payable FIVE years or more
hence, and made payable 10 the Superin-
,endent of Public Instruction. These OBJ
legations no, being sufficient to cover his ac-
knowledge deficit, he calls himself borrow
er to Tue amour, OF S2o000.0o in order TO
balance the account.
Ii such should be ascertaiued 10 be the
facts by the committee ofinyestigation thai
vill be appointed, Eads has rendered hiin-
self lialie 10 prosecution and punishment
by imprisonment in the Penitentiary, and
trust that neither his position nor The infiu-
eniiai advocates he has enlisted with the
public money, will serve TO screen him from
the Just punishment awarded By the statutes
ri Iowa for such crimes by public officers in
,nis State.
may as well say by way OF addendum,
that in his pretty meaDness and malice Eais
reports tie Governor in his list OF borrowers
for the sum VI $40 900 90 intending doubt
less to have il understood that this was Dor
rowed by Grimes for his own use iastead 81
the use Of The State, under joint resolution
of the extra session OF last summer, as 1t re-
ally wac.
Rock ISLAND RAILhoAD.-Roek Island
| stock was up 10 lO474 in Wall stree, on the
| 18Th The Board Of Directors on that day
declared dividend Of 1917 per cent, pay
able out OF the surplus earnings in full paid
stock on the 9th Of January proximo. The
entire surplus is about IS per cent, most Of
|
| which has accrued in the past six months.
The surplus on the lst July last vas S497,.
1901
Tie subsequent earnings were:
| iuly 49, 6sSG
| August, lolBlisl
| september, 2s4,lso!s
| flci ober, 3z340s,ts
| Noysmber, 1o0,s3761
| nsesmber, li50oO,oo-sI 77s, 49i "a
4
Total, sl.57477ots
Running expenses interest, Oct. dividend &e 932ii2 y
|
| Balance ss42,e59.5l
| Deduct accrued interest and rent OF bureau
| Valley load, ils,9I9.5Q
| serpias ist January, s72,1i u
| This is about Is per cent. upon the cap
| ital stock, Of which the Directors have de
cided to divide 121a per cent, leaving a sur.
plus Of 100000. The stock also bears
| about per cent. Of the usual s per cent.
| cash dividend, to be made 1st Apr next.
1855. New Orleans Branch. 1866.
| %NY%S a DC o. F1@D ~~@