Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-01-29
For the Democrat.
COMMUNICATION.


For tina Democrat.
COMMUNICATION.
How are we to havea better state Of f.
naneesy When are the present existing cir
cumstances under which the business CON-
munity are writhing, and subjected to the
mercy of the thrusts of Cook L. Sargent's
~lancets, to be remedied? How long shall
the spool of patience be- unwound in antici-
pating the promised and anxiously looked
for relief
Is it possible that good originates from
the same fountain that manufacture the
cutlass to draw the blood from our vitals.-
Shall We trus' to the producer who weaves
into the financial system, the seeds Of de-
cay, substituting the rotten vessels of super.
fetal %art:fice for the pure metal-cohcentra-
ting the genuine virtue of the public to the
great basin of self ACKNOWLEDGMENT! Shall
We trust, say, or have patience longer in
those who take the life's llood from their fell
low men, under the garb Of honesty.to fire the
train that will light US back to a healthy ac-
tion-a more solid basis.
We might as well look for vice to produce
virtue, or pools of muddy water to send
forth the christalized drops of fountain pu.
rity. The course of the Democrat in regard
to Florence money, is not only looked upon
as commendable in this part of the county,
but each number is greeted with anxiety
and eagerness, to discover new sources, and
further encroachments upon the imrro.
priety and unjustifisble course the public
seem disposed to pursue, from encourage
ment given by those bankers, that there
was, yet, som virtue left in them-that
they desired rot to make locomotive speed
out of a free horse. What have they, l
would ask, started out for When thew
conceived the monster" what did they
expect the sequal to show! When the
eat" is born, what need the public ex-
pect from its clawsl Or was justice con-
ceived as an emblem to open the way to the
vitals Of the community, and thus while
confidence is established, commence the CD.
Grafton Of dissection
They set out, then, to relieve the public
Of genuine wealth to advance themselves
IN worldly ACKNOWLEDGEMENT, at the expense
OF the many. buying their promises in to pay
at a discount and compelling those for whom
they pretend SO much sympathy, to submit
to the operation.
Such a procedure exemplifies the char
acter OF the bankers in a light, not very
compatible with the elements Of our insti.
buttons, and not very ~envious by their fel.
low men.
Physicians have adopted the plan of ad.
ministering Chloroform in extreme surgical
operations. Messrs. Cook 4 Sargent con.
ceived the plan Of administering Florence
money" but the object seems to SAVIOR a
little OF the larron rather than the good Of
the patient. The public feel the want of a
good and sufficient circulating medium, bu,
as long as the business men continue n
swallow the dose, they may expect to sleep
under Its effects, and have Their pockets re-
lieved. and means in business curtailed: or
In other words, transferred to build IN q
monument to the monster cat The pub.
lie mine has become so accustomed to bank.
OF Issue at the present day, that it seem.
like time idly exhausted. to point out the
evils dropped here and there, and directly
attributable to such a system Of inflated
wealth.
The good derived is all of a ~fanciful ma.
ture, and does not in reality exist, and the
resort to such q course or system is but
the fruit Of aspiring minds, an unceas-
eless appetite of aggrandienment, and
pertaining to a class rather indifferent as t.
principles which actuate the moral world
All banks are known by the public only q,
.ne'r Oils or promises to pay represent
Inns AMI that one takes them because an.
other does. Their issues are several time.
greater than the basis which they purport
70 represent. or else what object in their il.
sue? Iftheir issue is limited to the amour,
OF its basis, then the basis itself will become
the circulating medium. and the pockets Of
The public cannot be picked, only on the ex.
IRENE verge of ~criminality. But anything
'ess thar such exereme based upon a
shadow OF legality, is sufficient to screen
the onscrouplous from the deserving con-
tempt of men, and while the public submit
70 the sy'tsm Of bank Issue beyond their
virtual basis, We win find in our MIDI. !.
''a's Of people waving principls) moving