Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-01-26

II tha, by the pillow would thrive
Himself must either hold or drive.

III that by the pillow would thrive
Himself must either hold or drive.
The following from The pea Of the great
American philosopher, DR. Franklin,
should be printed in letters OF gold and
hung up IN every .chool-room eide by
s'ie with usual LAB, dog latin and 9th
er nonsense with whicb other chilirens'
minds urs crammed, and which seems to
bs the rule IN our mo tern svstem OF tut
ton.
There will como time when Pro-
'e-sor-hip OF Political Econom7 viii De
cons,derei "a absolutely necessary 70 ev-
cry school. But that time - not yet AZ
pre,ent We have nothing but proirus'on
aud shameful waste, on tho ono h.no,
While abiec poverty, meanness OF spirit,
and total careles.ness, is TOO much OBJ
.eryahlc on Tho ether. These are the
two extremes which characterize our
preson, false rta,e Of things in a physi-
cal pom Of view-all laid to the score
Of false training, from the highest TO thu
lowest. Blu hear what ..rop. Richard"
eay.:
Plough deep, while sluggards sleep,
aui you shall have orn TO cell AMI To
ks'T.
: Pri'e is as loud bsggaf as Want
AMI u crea, iea! more .aucy.
3. Silks and sa,ins scarlcts and vel
vet-. Iut out the k..chen fire.
4 Dingepce !, the mother OF Good
Luck.
5. Pride breakfasted with Plenty, lined
with Poverty, and suppet with lntamy.
G. Extravaganza and lmprovidence
az 1T the PRISON door.
:. 1t is easier to build two chimnoys
than to keep one IN fuel.
s. II YOU would ku " the value OF
money, try and borrow some.
9. HE eye Il ,naster will DO more
~ork than 10th Of his h nds.
10. Whist maintains ono vice would
bring ny two chlidre,
IL. IL, that ga.s n borrowing, re-.
turns u sorr0wing.
II Rather go - te! surperless than
rise in debt.
l3. Slath, rust, consumes faster than
labor wears.
IL \ lilo of leisure and n life OF la
zines. are two different things.
10 Three removes are as bad as d
fire.
IL. Creditors have better memoric:
than debtors
Il. The rolling stone ga hers no moss
i. Ii you would have your business
/ iane, !; II not. send.
-. /, il foolish t. lay gu, oney il
! he rn,eha- OF reptntance.
-. Boy what thou neeic-t not, an,
1t will oblige thee to sell thy necessaries
{ 4 NnS.TfR SIR. One If tho create,
| suits on record, was argued before tn
Court o, Appeal at ALBANY, a tcw day
d since The % cls tttt ~ toe NOrtj
= American Trust auh Bankine 0npan
), "A ca.c which has occupied :ta nrtcn
ton OF tba Courts for tho psst fi;eeI
: veefs This Company was organized II
1898, under the General E,nkins Lay
passed the ,am- year. Its capital. or
= iyinallv S200. 900, Was subsequently in
! creased 20 So Ooo. 900. During that an
u the year following, the Company pur
chased o largo amount Of State Stock
I on creiit-some Of which were sent {
London for sale. Agniu-; the stocks s
ssn,, time bills Of exchange were draw
: on hauses in Europe. AMI sold 10 Ne'
T, York. The Company also issued othe
Il paper. In $40, owing TO the uns'c,bl'
II ness ~ state seaursties. tho Compan
q became cmbaIra.aej. when resort wa
, had to the creation of three trusts: I'd
: million trust, tn. fret half million true
and tho second half miliN" n.'. b
these trusts. the Company trav,.ferred t
the firm Of Cur -, Graham ~ Blatct
field as trustee. about So 100000 G
bonds aul mortgages. which il hal ID
:. Ken in payment If capita! stock. Thes
deeds OF trust werc IN 10 70 secure $50
bonds Of the Company. dated Feb. IL
e lsiO. an PAYABLE in five or scven year
i after date, with iniere., Thesc bond
:. wers Nil PAYABLE 70 Mead. Cashier Of IN
Company, at $3.50 each, and amouote
u - s. o0o,o The deeds reqnirei tbs
hey were to ts Lsgot.a,ci 10 England
bur only Il part Of them we're there me-
: tiated; tho remainder we're played Il
e security. for the debt of the Company.
i In le4l. the Company vas eri'iue,
h and rec liver appointed. In lo42, Il
trustees fled bill in Oh. C0ur. of Char
Gerry, praying the court Ia define the
.u,lcs an1 O nGrm the million nnd ha
y trusts. ) long series VI leIr! mana,
% vering eusued.
multitude Of knoug law points al
II involved. The counsel <fDr the Receiv,
r are Messts. Cleveland, Hill, Beartsl,
and Bronson; fo- the Palmers Of Londs
:" aud other bond holders, Msssrs. Noys
Kent, O'Conor and Butler.