Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-08-14
Cook & Sargent's Position.

The proceedings OF the mass-meetlng
on the currency question on Thursday,
occupied SO mach space in our Fridays
issue, that we nad no room TO commcnt
upon the reply Of Cook d Sargent to
the resolutions of the citizens. We
think il one Of the most remarkable
protectors on record.
They DECLINE 10 NAME DAY, Tor
the retiring OF the whole of Florence
circulation" as they DO not REcoo-
NIzE TIE RIGHT or ANi PERSON 10 De
MAkD SUCH Ak ANSWER.
They don't recognize any right N
the people, who have patiently submit
ted 70. nearly one year to take their
rags as currency. We think this con
cern must increase their quantity OF
brass as they decrease their quantity OF
specie.
Last October, at the first meeting
of the. Board OF Trade, they did condo
sccn to say that it should be retired
in a very short time. In November
Mr.. John t. Cook again assured the
people that it should be retired within
50 days, and at the time of our war in
January and February, they solcmnIy
promised that it should be retired AS
soon as navigation opened.
Continued promises have been made
from that day to this, that ira eery
sbori ttDtc, their debts should be paid
But now after they have Slapped the
community Of nearly every drop Of
lie blood, they do mol rec0gnjze tie
fight, of ANY person even to ash tie
question when they would pay these
debts. Merchants who have thrown
away their time and money for the last
10 months 10 sustain their rae issue,
have no right to ask when they are to
oct rcli,l Mechanics who have strng-
eIed with their trash have no right to
asl, the question. Laborers who can
not buy a pound Of bread OF meat, can
not, must aef ask the question.
A pretty Independent position, truly,
for debtors 10 say to Their creditors
that they have no right 10 ask the
question when they will pay their debts.
No living man, or set OF men, eN-
cepl Wild cat bankers, would make
such reply to community which
they have 50 staudalous y AMI grossly
wronged.
They refuse to redeem their prom
ises to pay, aud insist that people shall
not only botd them. but that they shall
circulate as moaeg. And when those
people respectfully and civilly ask
them when they will pay their debts.
they are plumpy told that 1t Is none of
Their business. Suppose Mcssrs Cook
IL Sargent should call on their debtors
and request payment. The debtor an
swcrs, II can not pay now" Messrs.
Cook Il Sargent reply " when can you
pay Z" The debtor answers : do not
recognize your right to ask any such
Question. We ronder If Cook X
Sargent would retire upon this, salts
fled. But the community must re
member that Cook y Sargent as cred
itors are, in their estimation, oae thing,
and Cook x Sargent as debtors arc
quite 1aotifr thing.
But we are glad to see them at last
come out boldly, and show their hands
Those persons who have condemned
our action the past Winter and Spring
because we doubted the cntlre iatc1ri-
~ OF this concern, can now see foI
themselves, what they are. Out Of
their own mouths are they condemned
an we justified.
When wild cat operators force their
rags upon the people, and then say
that the people have no right to ask
them when they will be paid, it is
high time that both they and their
rags were rcpudiatcd.