Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-03-11


Aourishing young City ollie Claire snd the
rapidly growing little town Of Port Byron.
Thew do not deal in shin plasters Of the
small fry. but are much annoyed BY larger
norton Of the circulation forced on them In
Florence and Burrows h Prettyman's chin
plastera The clamor against this depreci-
sted paper Is general; there are. however.
few exceptions. and they are Of peculiar
character. One instance will relate. and
| am informed there are several OF nearly
similar character. which shows there !"
some diplomacy in financer'ng.
AMI C. in Davenport. desiring TO pro-
mote the credit Of our Wild Cat, or being
paid in som. .oay makes an ageement with
a Merchant in Port Byron to give him east
ern exchange for 30 much - will pay his
burrows d Prettyman's) bills. falling due
TO a certain house east, with whom he deals
at ninty three (03) cents on the dollar
Therefore the Port Byron man can and does
take it profitably as money at Is per cent
discount. when others there, take it ct 70
per cent. discount. The Merchants there
however, ~ they do here, have their prices
on merchandise fixed at 30 per cent. ad-
vance for that currency.
met one friend to Florence Notes, who
says II have liked that Florence money ever
since July 1856. and must say that Cook
d Sargent are clever men. They gave me
first rate chance, and made handsome
speculation for myself, and good thing for
them"
lie took apparent pride in telling sever
al who were with me in room Of the De
Soto house, (which is by the by well
kept and beautifully located hoteD. That
he got loan from Cook 4 Sargent Of sew
eral thousand dollars, without security and
free of interest, with the condition that he
| would circulate it in the Pinery district a.
bove Dubuque and below st. Paul. He
was to pay them good money in instalments
extending say, from one to six months
Without interest. He says he made it go
tolerably well by explaining the eolvency
OF Cook Il Sargent, their liability for its re-
demption DC.
He says.Le got it all put off elegantly
and says he could have done splendid bu-
siness if he had been so fortunate rs to have
taken "a few thousand more Of the same
sequel. mast here protest against the
Ethies Of M,s thrifty Spectator, and subject
myslf 10 tie scorn and contempt of our sharp
.fnancers generally
My informant assured me that his smart
management met the appreciation of his
friends, Cook d Sargent, SO fully that they
made him present of ten per cent on
the amount that he circulated, and gave
them good money for besides giving him
the use Of it free Of interest.
lie made two trips when he was in the
business of circulating the wildcat, and rec
ommending its superiority, in the inter-
mediate section between Dubuque and st.
Paul. and finding that it was no 60 at eth
er ST. Paul or Dubuque, he made trip
with Merchandise and means to enable him
to make spec by shaving the "varmint. -
To use his own words, "when it was cried
down at Dubuque and st. Paul, it was easy
for me to say that was deceived, and did
not know whether it would be worth much
at Davenport or not, which enablad me to
get some Of it back at 30 cents for dollar
and in many instances could get double price
for my merchandise"
lie told us one circumstance that was
creditable 70 him. He says he met a man
at Dubuque who was there with some RATS,
from whom he had purchased lumber on a
trip before ia the Pine region, and to whom
he had paid seven hundred dollars Of Flor
ence paper. The poor man could not pass
dollar of that money, was in distress with
large number Of men at heavy expenses
To use his own words again, he seemed
: to be decent, clever man, and bore the
imposition 80 easily that l could not dig il
into him near as deep as might have done
| took six hundred dollars back from him
and only charged him 25 per cent"
He, from his own account, deserves cred.
it for acting literally with Cook 4 Sargent.
He says he paid them all in good money
less than ten per cent, and interest, and did
not return a dollar Of that paper to them
He thinks they made a good thing out o.
, the transaction, as he believes they have
3 been getting big interest on that paper ev
, er since, and few months at the rate they
get, would pay all that they gave him.
Therefore, he says that he likes Florence
money and Cook 4 Sargent since July 22d
r 1856, when they gave the nice new notes
! that he cleared the handsome profit o
about 80 per cent. on, and hopes Cook
Sargent has made. by this time, three time
as much on it. He regrets, however, tina
: he did not 60 deeper into the business
: as he says there was glorious chance il
that section to get it out 50 easy, and as i
was so soon headed at the point above
He could, without telling many lies, get i
J, back at the biggest kind of a shave.
1t would be interesting to know all tn
8 smart games that have been play ed by tina
e one wildcat establishment.
E. TASTING OF PuNCH.-Here is q most impo
: lite hit at John Bulls German visitors:
Il SINGULAR DIsPRopoRTIoN.-In the bill O
!, one of the German Princes stopping at Pen
e tons Hotel, there were these two dispropor
'e tionate items
- 6 g. d.
% Cigars, Tobacco, &c, &c.,.........2 10 6
- Balance Tin favor Of smoking).... s II
;. The Prince was in the hotel exactly min
a days.
"a Respecting a new crinoline petticoat, ca
:, led La Crinoline de Ley;athan said tn \