Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-06-18
The Loan Question.

We have heretofore thought it unneces-
sary to say anything upon the subject OF
the propriety Of giving the t35O.OOO voted
for the Ceder Valley Rail Road to the NJ
and NJ X X, We are aware that previous
and at the time Of the vote ON this question
Of loaning the 1850. 900 to the c. V. X r..
many Of our citizens expressed themselves
as being more willing to vote for loan for
the NJ and NJ. X. H. than the q. V. H. II
considering the early completion Of the
former road to the Missouri River decidedly
more important, in 50 far Is the city Of Ds-
venport is concerned, than that Of the c. Y
r. r. still holding to the opinion that the
building Of the last named road could not
but prove highly advantageous to our city.
inasmuch as it would render almost certain
the securing Of "A large trade from the Cedar
Valley and the adjacent country. Governed
by such opinions. many Of our citizens voted
for the loan, and rs our readers are aware
it was carried by a very considerable ma
jority. by action Of the City Council an
other election is called, To take place next
week when vote will be taken upon the
question Of changing the direction of this
s350OOO loan from the G. v to,the NJ. and
N. X. r. We have heard Of no mater ial
change Of sentiment upon this subject On
the one hand, the trade Of the Cedar Valley
is thought TO be Of the greatest importance
10 the business public. Merchants fear that
now is the time 10 secure that trade before
it is finally lost to US by the other railroads
running towards that region. 1t is consid-.
cred n question of the deepest interest one
that must he decided now and forever.
whether We are to have the trade Of Cedar
Valley. Again. the completion Of the NJ.
and NJ r. X. to the Missouri, in advance Of
any other route and the effect upon the
growth and prosperity Of this city, would
be almost electrical, and the benefits Of this
enterprise be felt by Davenport for years.
But the reverse should any Of her rivals he
allowed to anticipate her in reaching the
Missouri River, she looses the prize. and her
present precedence would become Of no
avail. We confess that we view the matter
AS We have always done. and trust that
every voter who has the good Of the city
at heart, will go to the polls, when this
question is voted upon. aud by his ballot
show that he has proper regard for the
future prosperity Of Davenport
RrNr.-Mnny Of our readers will be re
joiced to learn that rents are bound to come
down. There were never before in Daven-
port 81 many signs ITO Let" as there ARE
lust now--not that the influx Of population
has diminished. but landlords have held
their tenements at such unreasonable rates.
that every man who could possibly do So
has either bought or leased bit Of ground
and become his own landlord. And thus IL
is that "Da, enport over the bluff" is per
fcctly guinea speckled with snug little cot
tages. which save rent money enough in "a
year to pay for their building. We know
of houses that have Stood empty. and Ito
let" for terms varying from three weeks to
five or six months; but it was not SO last
wear The mechanics have this season stO.
len march on greedy renters, and left them
to enjoy their rery rdimabie tenements as
best they can.-Etning Nems.
REMARKs-There was never greater
amount Of error crowded into SO small
space as it is to be found in the above arti-
Gle. There is not n dwelling house in the
city that is vacant far as We can learn.
We are further told by Land Agents and
those who make it their business to procure
land and dwellings for tenants, that the de
mand exceeds the supply by one hundred per
cent. There are u few localities for Stores
which are not rented simply because the
rent is 50 per cent above the market value
If the Evening Ners will tell US of any hou-
SEES to rent. We will pay 1t literally for the
information, for we have daily applications
for dwellings, and the demand far exceeds
the supply.