The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-08-31

n "a Htr'c singular that 10 tat ,trin
q, resolution, adopted ~ the bem"ci.,iir
State Convention ilrll assembled AT Iowa
CITY last WEEK net om. W"rl was said about
R,NKt>. The Convention could not IAN
that 10 important y question n this was
overlooked, During th" siltings of IL.
Constitutional Convention. the question 81
Bank ~ no Banks wa. very general, H.
cuct.d Throughout the State, thu principe
or central organ of thu Democratic party
III Iowa ti'y C,,..t, takin. a decide,
stand agan,, hank buring ,he late can
VAS the Banking question AGAIN eatn, IN,
aud wa generally commented ntrn ia,
Republicans urging the privilege gwen hi
the New Constitution ior the '>tati .dincrt
of safe ;, stem of Rankin. a.a str'tne -
gnmcnt IN IL favor, az. number - itm"
erafS ur.ine u a, an argument a. amt that
instrument The Republican Convention
met only week before the Dcinocratlr' oh
Convention, and in il, resolution, censIatn-
lated the people IN the succcss at ID" New
Constitution, for one principal reason, tr-
cause II will enable the people 10 provide
far themselves sound currency, They al
~ adopted the following resolution
Eesolr.d That IL Is deliberate conviction,
NJ this Convention that t.c h.Nt Legislature
should provide u sy stem OF Banking that will
secure 10 the State circulating medium. re
decmah.c nj all times, within It's limits ~ I"ld
and silver and We will support for state "iii
GERS and the Legislature. snch aud such otly
a. are avowedly and unqaaiie - favorable &"
that result.
Yet right in the face oi all tih-, the Dem
ocratic State Convention assemblies, per
forms il. legitimate business, passe string
of resolutions, but SAYS IN them not oas ro,d
~ the question Of Banking. They dartd no
tell the world their position on this subject
No one doubts but that the party itself
IS divided on this question. and that if they
get the power in this State they will either
adopt IN Banking system, and leave Iowa
without a currency ~ her own, or adopt
system intended FROM it. very inaicquacy
TO the wants cf the people or it, innate inn
Projections, To throw di>crcdt upon the
Constitution which permits the establish
mcnt ri Banking system. Or pcrhap.
they May initiate the Democracy of Indiana,
and establish system for the particular
benefit of the Democratic leader, giving
them the first grab, and lining their pockets
well before any others are allowed I" touch
the new Banks. The leaders IL the party
~ Indiana, the very men who had few
wears previous oppo-sd all Banks "f ISSUE,
were the first men a. get hold VI III. stock
81 the new Banks and 10 put the Banks ~
operation, under a law which they made
themselves and exclusively f"r themselves.
We have just such sri ~ Democratic head
rrs ia this State. GIVE them the majority
IN the Legislature. and If they establish ait
ban'' system at all, it will IL. either E.r
fie purpose IL breaking down the New cum.
-titntlon, or for the exclusive pufIr.., IL
lining their own pocket,
But We wish the people i"r,-n,slnler hat
the great untcrriiied Democracy dared n.,i
take a position on til,s Eank iug question.
the most important question {" Ia. settled
OF acted upon d, the iir-i Legislature under
the New Constitution. banc the ,.a,,l, IN
return trust the Democracy with I'll. t.tah
hshment u Banking system \" wn
doubts hut the great MAJORITY of the I.s.,llc
III Iowa desire safe Banking system Vet
will the, trns, party which j. ,ilsl,I,d ia
their opinions a. a. Bank, s,ln. opposing
and some IN favor of Banks. aul ether,
afraid to express an opinion ga, va. nr the
other, Tor lear 81 opposition al their "wn
iarty--will the, trust such A raris with
the drafting and putting into operation d
Banking system The Republican arr
a party IN favor IL Banking SYSTEM ior
the State and if the work of establishing IL
!. entrusted IL them, they will provide i
sound AMI safe currency for the STATE The
election If Republican ,'oycrsor ami Leg
islatnrc l. the only guarantee the people
have, and the action III the Democracy
proves IL, for the establishment III such
Banking system in Iowa