Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-01-26

If Oc IEuAA ANAION
The oasstte snd Florence.
We have not before noticed the re-
cent article of the Gazete, which as
sumed it to be q settled fact, that our
battery had been silenced by its erhn-
guished efforts in behalf Of wilcats.
There is no sort of doubt but that q
battery has been recently ~silenced
here, but it is not ours. The Gazette,
itself, is dumb, has not one word to
ssy. The cause of this silence may
not generally be known. 1t is not be-
cause the editors Of that paper are not
disposed to show their wisdomO they
would be very glad to "pitch in" and
make a desperate onslaught upon us
and all the people Of this city who are
disposed to work promptly and faith
fully for the improvement Of the cuI-
rency but they dare not do it, or we
should rather say Cook e. Sargent will
not permit them; they have been in
structed by their financial owners and
controllers to keep their tongues to
themselves, and their quilts dry, on the
wildcat question. They dare not dis
cuss the question before the people,
though it is confessed on all hands, to
be the most important matter which
now agitates this community; and
whyi Because the more this question
is discussed the more evident does it
appear, that there is no excuse, upon
their part, for having produced this
state Of things !; still less excuse is
there for this indifference to the finan-
cial troubles of this community.
It is a we'll known fact, that from
this city, during the present financial
troubles, large quantities of flour and
grain have been shipped East it is in
deed, the boast, that no two towns in
this state, have shipped anything like
10 large a quantity. This flour and
grain has all been paid for with East
ern money, which has remained IN
Eastern cities subject to draft. ALI
this money, the price Of our wheat and
flour has been at the disposal of
Messrs. Cook Il Sargent. They boil
ster up and sustain even unto redemp-
ton in Florercy money, the shiuplas-
ter issues Of Messrs Burrows Il Pretty
man, and, Of course, all the exchange
made by the shipments of the latter,
are placed to the credit Of Cook l.
Sargent. Why is it, then, that the
merchants Of this city, cannot be &C
commodated when they apply for
means to pay their debtss Why Is it,
that, day after day, the sam remark is
made by Cook Il Sargent, when ap-
piled to for = little exchange to save a
protest, that mo exchange is to be
had" We think we can answer this
question. Cook & Sargent dare not
AK for Eastern exchange, the price
which the present state Of things make
it cost; and they will not sell it at q
loss. The consequence is, that none
is sold here to our merchants, yet cv-
cry dollar is sold, and at = price which
incurs no loss. 1t is far easier, and
more profitable to have RENTED, not
by express, lest the fact be known, but
by . special agent from Chicago, the
gold for which our -four is sold, and
that gold placed in the hands of friends
.outaide, who dispose Of it, at from IL
to 20 per cent premium.
= II u merchants wish to know
whether Cook 4 Sargent have any cx-
change for sale, let them aak the out
sidss if they have any gold! If they
wish to know how much exchange is
worth, let them ask at what rate the
same gentlemen will let them have
HAIR gold for Florence shinplasters.
IN. y . sure test, and they will find
That nine-tenths of all the exchange
which has been made by the shipment
Of our produce, has been sold at the
sxorbitant 6gures named above.
This secret underhand manner of
doing business, We do not like. 1t is
neither fair; honorable or manly. DIS
dui.ion tends to bring these things
= the eyes and earn Of the people.
NH, some parties do not wiah ; conse-
qnsatly the Gazette says nothing. It
Weald havo n do the same thing,
bit ~ ars not thus dispossd.
n. Aa4ea4 s. ~ 81 ~
aD a1aai4G. .ass 60. ~ ssf