Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-03-04

tions 10 subjected I'd oiIcct 'o''" vi
mot less than ten per cent.
Shinplasters and irrcdccmable cur
rency must be discouraged, and the
issuers must be brought under the in
fluence Of public opinion, if not Of legal
action.
Will the Gazette explain what was
intended when it said that, "SHlN-
PLAsTERS AND IRREDEEMABLE
CURRENCY MUST BE DISCOUR-
AGED, AND THE ISSUERS MUST
BE BROUGHT UNDER THE IN
FLUENCE OF PUBLIC OPINION,
If NOT OF LEGAL ACTION!
$50
THE REAL EsrAT rScs REGISTER
If the Real Estate Register occupied
the same position abroad that it does
at home, it would not be worth our
while to say anything in reply to the
monetary article in the March No. :;
but a. it is made up Of printed matter,
and nominally has an existence, it is
proper that we should notice it.
In the first place VIC must say, that
We respect bold, open combatant. He
may be in favor lof Florence because
he has the stupidity to suppose that it
10 better than rcdeemable currency,
or for the reason that he is paid for 1t
no matter which if the fight is only
sharp and manly, we have certain
degree Of respect for the author but
when We see such infamous toadyism
displayed a. We find in the Register,
the only feeling We have in the matter
il one Of unmitigated contempt and
disgust. If we are ever respected or
honored in this world, we hope it will
be because We deserve it on account of
something VIC have said or done, and
not because we lick tho heel of some
one who stands above us. We must
cay that we have sort of respect for
Cook & Sargent themselves, who have
for the last six months, with strong
hands, forced worthless wild cat up
On the people against their will, be-
cause they have shown an T indepcnd-
ent spirit a strong determination and
will not often witnessed, particularly
whom opposed to the best interests Of
Of the people; but it only seems to in
crease our sea-sickness, when We COM
pare their course with the insignii-
cant lick-spittlcs that follows in their
wake. With these remarks we dismiss
the editors of the Register and turn
our affection to the article.
The editors of the Gazette abuse us
because we have spoken boldly of the
condition of affairs here, and for the
purpose of forcing Cook Il Sargent to
do their duty; but the editors Of the
Register come out more than a length
ahead of all of us. We make the fol-
lowing extract!-
with the first intimaton that Florence
had been made redeemable with Illinois cur
rency, every merchant in town would have
demanded his deposits from his banker, in
order 10 convert them into par funds, for
remittance to the East. Consequently, and
necessarily, every banker ,pould hare been
obliged to suspend payment"
Now what do Macklot IL Corhin,
Chubb, Bro, Barrow L. Co., Talman,
Powers l. Mclean, Il. Z. Campbell,
Blakemore l. Lawes, say to that. The
editors Of the Register italicise the same
words We do. How is it gentlemen |!
have you no more substance than this
does your solvency depend upon the
existence Of such rags as are foisted
upon this community by Cook e. Sar-
gent and Burrows & Prettyman If
90, you had better shut up forthwith.
But this is waste Of words. No one
believes any such thing. Our bank
ers are substantial, and have been so,
Is any in the West. They have stood
the crisis nobly and paid their debts as
bankers should-excpt Cook & Sar-
gent who have been virtually suspend
ed for the last five months. Every
man in this community knows wAo has
suspended, and who is in danger OF
suspension no matter whether he be
{or or against Florence, and that it il
neither Of the firms first above named.
The statement above quoted would
not have been made by the editors Of
any paper in the city except the editors
of the heal Estate Register, and they
emily made it for the purpose of show
ing Cook 4 Sargent that they could
out tsady Sanders.
Again, the Register says:
'swhsst was selling through the Winter,
IN Chicago at the average price Of fifty.fiye
eeuts Per bushel 1t cost eighteen cents per
bushsl to ship 1t there. Would any sane
= nan have paid more for 1t in this market.
$ n Illinois currency, than thirty-five cents
Bat the probability was that Illinois funds
could not have been procured. The produ.
oer Would thsa have been rendered mer.
eksa1is in exchange for his cropA"
= Thsre's another argument worthy Of
saeh ed,tors - those Of the Gazetss
and Register; ]; and yet they abuse NJ
- dspessiatiag FIeFsaes. Why men,