Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-08-17


it was good for them } He was willing 10
make the assertion that the business Of this .
city taken "a a whole was not paving rents
and expenses and making livile they
were losin g money, losing capital. losing
credit and character and reputation and
could stand it no longer. There seemed to
be some difference OF opinion on the subject
among the merchants he had been IN
business forty-three years aud knew that
one merchant owed something to another ;
he would not consider himself at liberty to |
take Mr.. Mclnnerny's shinplasters. even if |
he had some mysterious method Of getting
rid OF them them at par and could make
money out Of it. if he knew that by so doing
he would ruin three OF his neighbors.
fcreat applause He owed something as
| business man to his neighbors these re-
marks were not made TO cast any reflection
upon Mr. McInnerny who he understood
was redeenirg his shinplasters In con like
al honest man Their was moral aspect
to this subject he held that no man had a
right to issue and force Upon community
any money which was not worth par to
issue worthless trash was morally wrong
lie was afraid he had detained them too long
fcries of no "uo go on, ego on, Won
can [ 20 on too long etc, He regretted
the late exhibitions of mob violence and had
been charged with countenancing aud incit-
ing them loud cries of shame shame =
No one could honestly charge any anything
Of the kind upon hm We were all ready
to oppose mohs he was assured also that
his German friends would be ready TO fol-
low him to put down anything oi the kind
tcries yes" yes, that's 50 6c.,) all the
the rotous proceedings which bad occurred
were chargeable upon few llacklegs and
scoundrels, who were ready to create "A 'lii
fculty at any time. applause lie had
lat ely been informed that the persons holding
the bonds and securities of Our citizens
would no ionper TAX Florence tor either
principal or interest If this was case II ".
could not pay our debts, or interest with
fIOrGnCp, ana II he we cDUII HO phts
: chase bread or meat with it, what would
we do with it He then proceeded IL
state some Of the evils which had been
caused by Florence, and stated that one
hundred thousand dollars had been paid by
: our merchants and business men, in thu
: shape cf exchange to sustain Florence, and
- | 81 a in all kluIupS
that they now take it away it was rum
? ing the character and credtana business o
!. the city if they were not able to do 40 lie
F" them say 80 frankly and honestly. like Bur
rows h prettyman, who had done a. an
: promised to do all III their power, and a.
consequence had the sympathy OF people
!" He did not believe in the bonds OF Mr. lie
Claire aui Others sit amounted to nothing
but even had it been satisfactory IL wouldot
ly have entailed the curse upon us, he woul
propose if these gentlemen wanted to ass :
= both Cook IL Sargent and the community
tha, they execute bond for the requisit
= sum and have it placed III the hands OF SUI
BILE persons for negotiation IN Now YORK
" these men have character and credit an
q could readily borrow a sufficient amount
money at seven per cent on such bond.
retire Florence. After some further reinari
Mr. Niele then sat down. a committee Q
- :, Resolutions was then appointed, conslstlI
/" of Mes.rs Hubbell, Klug Roddewig, Tegl
and McInnerney.
ld Speeches were made during the absen'
o. Of the comm ittee by Mr.. Peterson and otl
Ia ers, after which the committee reported u
u following resolutions which were unan
o. mously adopted amid great applause.
D. WHEREAS, G. L. Davenport, Antonio j.
n Clairie, and Hiram Price, have by publ
nd notice in the newspaper, expressed the
Willingness to provide by bonds, guarante
Tor the redemption of the notes Of floren
or Bank, and the issue CT good notes in the
r stead And.
op WnrsrAs. Cook & Sargent have decline
:. the aid thus kindly rendered, and still pc
e. ais in circulating currency that is almo
ISL yalueess. And
IN WHEEEAs, Certain merchats and buslnt
q ,, men still countanance and encourage I
:, issue of the notes Of the Bank Of Flofen'
BE it therefore
vas Eesolped. That we, the business men a
In citizenss Of Davenport, Tor the protection
b,, ourselves our families, and our proper
and to sustain the good reputation OF 9
o't city from further injury by a shinplas'
on currency. DO pledge ourseive each with
n other. to eli5eountenance all merchants a
. persona who encourage the circulation
Nebraska shnplasters, and We pledge OF
~ selves, to refuse TO patronize such Perao
eW either in their business or politics.
hey Resoiyed. That we deem the course
no, Cook 4 Sargent in declining the aid
Messrs. Price, LeCIaire and Davenport in
h6' firing Nebraska shinplaster-, as deserving
hen general public condemnation, and as evil
as ing a determination to continue in a .cou
of business preiudcial to the interests Of
entire community, and we hereby rect
Afu our public disapproval of their conduct
III bankers.
uld Resolyed, That committee be appoin
to request Of Cook d Sargent that they
mediately retire Florence money or, II II
be are unable to do 90. that they be reques
nge TO make an assignment for the benefit
INK, their creditors
~. Rssolced. That We condemn the cond
of those individual members of the frn
Cook Il Sargent who have made thre
lers against estimable citizens who have ds
lor- to disapprove of Florence shinplasters.
40 that TO all persons whom Cook d. Sarg
- have "spotted," we will give our patr
age. -
i. PETER McINNERNE r
a. FRED. RODDEWIG,
'"s c. TEGELER,
ooo OTTO KLUG.
OF The following committee were then
aus- pointed in accordance with the resolutie
io0r DR.. Tegler. Geo. W. McCarn. d. Hige
cx- Geo. E. Hrbbell Mr.. Viele then stated