Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-09-04
THE GOOD TIME CoME-WE HOPE.

W. give below a copy of the pronSneia-
mento Of Cook d Sargent. which appeared
In the Gaseste, Ners and Times Of yestsr-
day
Card.
DAVENPORT, September 9, 1883.
The undersigned invite all holders Of Bills Of the
Bank Of fipreLce. who are desrouS of c 'nveriing
them 10 Present the same at the Bank at Florence
OF a. Their ban.ing House at Davenport.
To the bus mess community with which we have
been years tatel, II has been ell kin vn
that have teen. during the past year, retiring
this currency rapidly as II couid be done with
due regard 10 th-ir interests To have done this
deny dur ng eince the financial revu sion Of last
autunn would have prciuced mucD distress thYou.
out fms community, and seriously imped d business
operations citizens would have been deprived of
rate currency for ansactng bus ness and we sho Ia
have been obliged To have ell uaymeut Of mapy
whom We Ia ed Ia their wants. We have,
thereto permitted small portion u this cLrrency
T. re ain Ia ,he market, at the soicitatton u The
most Judcious and reliable ~ our citizens, who had
he " flare - this community at heart, notw .tLst
ing he eat anconven ence d annoyance We ha e
exp ienre :, .ttac.sd we have been, By th- cal
umny Of those VIII have perseverng circ slate the
most a'rOcIous fasehoIs in regard u.s. TO Influence
the mid and ignorant Tor the selfish purl,ps 8
We now fer gratfei IN hoping th.t the ZINE has
a'riv when this curr.n y may b- wilhdr .wn i,h
tut omparatvrly iiste inconvenien to he comm u
nifty. co x & 6AkuxNr.
For unblurhing impudencs. cool and
studied contempt Of the universal opinion
and feelings Of an outraged business com
munity, and for the grossest misrepresenta-
tion and falsehood, that card stands une-
quailed; but it is a fitting finale to the
grand scheme of wrong and oppression
which has been bullied upon long suffer-
ing and tolerant people.
They say, to the business community it
has been WILL KNOWN that we have been re-
tlring this currency AS RAPIDLY As 1T COULD -
DONE WITH A DUE gFGARD TO THEIR INTERESTS. I"
What magnanimity. What a considerate,
parental and affectionate supervision they
have had over the business men of this
city. Tell US what part OF the business
community. you allude to.
They say further, tnat had they retired
this currency before. the people would
have been DEPRIVED or A sAFx CURRENCY FOB
rRAssAcTIsG BusINE.s In order to pre-
vent the people from getting hold Of such
poor stuff, as uasafs Illinois, Wis
consin, Indiana. Kentucky, Missouri and
Ohio bank notes, they have been paying
out the notes Of the Bank of Florence solely
for the purpose Of affording "Me citizens
SAFE CURRENCY for transactiny 6usinesa"-
Looking at the matter in this light, we are
to say, that Cook 4 Sargent's
labors for the past eleven months, have been
the most selfsacrificing Of any of their
enormous efforts to advance the interests of
Davenport; for the probability is, that
there was never a currency that has in the
same space of time, received so many heart
felt curses as has that Of the Bank of Flor
ence But these gentlemen 60 on to say
I've have Therefore permitted small por.
ton Of this currency to remain in the mar
ket, at the earnest solicitation of the most
i"d'cious and reliable Of orr citizens"
Now we should be glad to know who,
among the most judicious and reliable of
Davenports citizeLs, have been begging for
the blessed continuance of this rag money.
We would be still. further obliged to Messrs
Cook d Sargent if they will tell us who, out
'f all the men Of Davenport, will believe
'ne word of the above statement.
In common with every citizen of Daven-
port who has its prosperity and that of the
country at heart, and who
nave suffered under this rag currency reg
men, I'VE thank God, and take courage" at
he simple announcement that they are at
ast able and wi'ling to retire this wild cat.
t is one of the brightest days in our edito-
ial history. and one of the greatest triumphs
We ever expected to chronicle, a. having
been mainly achieved by ourselves. But
he cool, impudent manner in which Messrs.
Cook & Sargent undertake to steal our thun-
Ter. by transferring the glory of having
iriven this currency out of circulation from
he Democrat to themselves, is decidedly
efreshing. In keeping it out they
leserve the credit, and in retiring it
hey deserve the credit, but in forcing them
o retire it, the democrat has been warning
'gainst the best interests OF the city -
What logic
But once more to the card. If it is true
hat the currency was left upon the commu-
lity for its benefit. we ask why it was that
h. answer has been for the last twelve
months. "No exchange "no gold" "no
'ther currency'-nothing but Florence"
The laborer presenting IS Of the cat at
he counter. was turned away with this
'onsoatory remark; the citizen who requir-
ID other money to pay q foreign debt, was
,iven like answer. Merchants who desir-
ID to remit for an old or new purchase of
foods, and who had their breeches pockets
ull OF Florence, received the same reply
Even notes that were payable at their bank
;ouid not be paid to them in Florence. The
answer was, "ro exchange, no gold, cart
take that money"
They only retir.d it a. fast az they could
uith the interests of the commu
aity.
1t was not for the merchants interest to
pay his note, according to their code, no
natter if thereby his credit was destroyed.
II traveller, with hat full Of the trash,
desired to obtain money which could be used
'ut Of Davenport, and applied at the Bank.
ne received the same answer. which was
understood by the traveller. either that they
'ould not pay, or that they could and scosid
aot Eastern men who have been doing
business with our merchants and who have
aiken Florence for their debts. have had it
IN deposit for months at Cook 4 sargent's.
because they could get nothiug for it. The
'Lswer was invariably, that they could not
furnish exchange or gold. That money was
inside Of their vaults, and of course wasn't