The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-10-17
United We Stand-Divided We Fall.

United We Stand-Divided We Fall.
EDITOR NoNPAREIL:-Several articles il
the Democratic Clarion of the 18th. inst.
because of their Partially and untruthful.
ness, require notice, and your correspon'
dent requests the use of your journal 70,
that purpose. The first is notice Of the
failure and closing of banking house OF
this city, and Of its defrauding and cheat
ing creditors, etc. That the former allie.
gation-closing of the said house-is no,
correct, the editor of the Clarion can easily
ascertain, by calling at the place of bust
ness Of said firm, where he will find them
conducting legitimate banking business,
as heretofore.
As to the latter-the defrauding of credi-
tors-from our own knowledge, we know to
be entirely untrue. The real estate and
bills receivable of the senior member OF
the firm, are far more than enough to pay all
his Indebtedness, and like prudent man he
has seen fit to refuse to give mortgages upon
his real estate, to secure paper that has in
some instances ten and twelve months to
mature. The reason for such refusal is OBJ
vious. By such u course-when men require
double and treble security to amount Of
debt-all his means wherewith to realize SO
as to meet his obligations when due, would
be in the hands of his creditors as security,
and when their notes, etc., became due, they
would retain oil the property, because OF
non-payment. But the creditors OF the
gentleman referred to, are all secured and
satisfied, with the exception of one or two,
whose indebtedness is Of such a character,
and arose from a combination of such cir
cumstances, as to exonerate the securing,
and probably the paying of them. There
has been nothing done by this firm, or either
partner, that was not strictly honorable, and
in accordance with the usages Of business
men. We are therefore sorry to see an edi-
tor, who has stepped into our midst at this
late day, when our town has grown through
the activity, energy and enterprise of such
men as the senior partner Of this firm, to
its present Importance, stigmatize and abuse
as he has done, man who has spent-ex-
haasted if you please-his ready cash-to
build up our young city, We think look
Ut the magnificent brick block and hall,
which bear his name, standing monuments
to his liberality and enterprise, should be a
preventive to such mistatements, no mat
ter how strong the personal motive that
might actuate the author of them. +.
The next item is Nebraska Banks. lie says;
ssthe Bank Of Florence is the only one in
the territory that has not suspended" Now,
We all know that the Banks Platte Valley,
De Soto, Tekamah, and Bank of Nebraska
are not now, nor have been half as suspi-
cious rild cats as Florence. This putting Of
Florence and her institutions, We cannot un-
derstand. That town, through its citizens
and press, has always rcsorted to any and
all means Of injuring Council Bluffs. There
was nothing within or beyond the bounds Of
truth. that would detract from our import.
snce, that they did not use. Why then this
devotion to Florence interests? why thi.
putting of Florence Banks and slandering Of
Council Bluffs Bankers? As citizens, ".
ought to know, so that we may support our
friends and rerard our enemies. If thu
Clarion was located at Florence, we SHOULD
take no umbrage at its tone. But in GU,
midst, we look for journals that are devoted
to upbuilding the city Of which they hav,
become residents and from whom they re.
ceivo support.
The next article is the Fontenelle Bank
and rs our communication is now lengthy
We will not show the many errors, but mere.
~ say, that oil such articles, whilst they Dc
no good, are very injurious to our Western
interests. Our papers falling into the hands
of Eastern men, to whom no explanation
can be given, what can they conclude, blu,
that the West is composed Of dishonest men
--swindlcrs if you please. If they once thinl
so, where is our boastcd credit upon which
we now SO much depend. It's gone and a
scene of commercial and financial confu-
sion will follow, such as our Clarion friend
could not find the equal of, except in cas-.
of run on his pet Florence. Let US STOP
this bleating and croaking, not strive to pull
down, so as to have al men a. poor as rt
dre-but rather show what is bright, and
work manfully in developing our resources;
build up credit instead Of destroying it,
and if any are unfortunate enough not to
weather this financial storm, let rs rather
believe their failures to be BY force Of cir
cumstances beyond control, than the result,
Of fraudulent intentions. FIDES.