Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-02-03
mo 6hinplssters Taken Here >

IF NOT OF LEGAL ACTION
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mo shinplssters Taken Here"
In the stores Of all our leading mer-
chants may now be seen this sign
'No Shinplasters taken here" Why
not ? Has there been ali instance where
Nj. d. A. Burrows, Messrs. Schricker
n Co, or any other person has refused
10 redeem these small promises in
larger ones, to-wit Florence or Bur
rows d Prettyman2 W. have heard
Of none. DO the merchants deny that
these parties are quite As able to re-
deem their issues in money, As Cook
l. Sargent are Florence or Burrows d
Prettyman their script We have
heard no such doubts expressed we
believe there are none; on the other
hand every one Of the small shinplas-
ter Issues are, in our opinion, better
able to redeem their plastcrs immcdi-
ately, in money, than G. Il S. are Flor
ence Do they expect, by driving out
these small rags, that silver change
will circulate mor freely than they
did! Not at all. They were scattered
rs plentifully as the forest leaves in
November; and when the supply fail
cd they could DO manufactured to or
der. Why, then, arc they discreditcd!
They were as convertible as Florence
or Burrows Il P%rottyman. They are
n we'll if not better secured. They
passed as freely from hand to hand.
There is as much necessity for them
now AZ when first issued, and silver is
scarce. Why then, do our merchants,
all at once, discredit them! Simply
because they drive out all that elias
Of currency which they purport to
represent. What merchant, here, has
seen any silver for the last sixty days!
There has been so little that VIC may
thru,htully say that there has been
none in circulation. 1t was, therefore,
to br ng it back, and retain it among
us, that this movement was made-the
god sense of which no man can doubt.
We heard it remarked yesterday, by
several merchants, that they had not
Q 80 much silver for two months as
they saw on Saturday and Monday.
We do not arrogatc to ourselves any
praise for killing off these kittens; but
Is our readers know, we started the
cry against them, and have been en-.
gagged ever %eincc, in tightening the
cords about their necks. We rejoice
with the rest of the community, thai
they have ceased to be. Cuies kite,
~ pace. Bat our labors are not We
ended. The cats still live. The lesser
evil has been remedicd the greater
remains. Silver is resuming its ole
place in the channels Of trade, and, 81
far the currency is improving. Lee
our merchants make another move i,
the same direction, and a still create
change will take place.
Let them treat Florence and Bur
rows & Prettyman's exactly as the.
have small shinplasters. Fix q certain
day, beyond which they will moi tax
them, (unless made good in Chicago,
They are both unbelievable at an
price ; they cannot, in any amount, b
converted into anything that will pa
debts or buy goods at living prices
and our trade is not, nor never can b
healthy until they are placed upon
good basis, or thrown out altogether
If the owners can redeem them, the
should be made to do so; and if the
cannot, they should be treated as tn
smaller plasters have been. The Law
of trade will bring good currency he'
much more readily than they wi
silver; but just SO long as these shi'
p~lasters are allowed to circulate in
deprecated state, just SO long will the
keep good currency out. This propt
sition is 10 plain and the laws of trad
relating to it are 50 arbitrary and ce1
tain that no one will dispute it.
Let . few Of our leading merchan'
make this move. Consult your ow
interests ; the interests of your prese'
and future business; the interests
the city and county, and the Interest
Of the great MAS Of the people, an
you viii not only be fully SUSTAINED
bot win ave ~youselvss from turtle
los ofnonsya ad credit