Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-08-13


inE raiisatly without--no demonstration o
excitement being uade-when the commit
lee cane9fo the door, and 10y their chair
man stated that proposition from Cook 4
sargent, In writing would be handed to
them in an hour. that part OF the demands
oi the meeting. at least would be acceeded
TO ard that the committee would report at
the Court House at three o'clock. The
committee then proceeded to the counting
house OF Burrows d Prettyman while the
crowd dispersed in an orderly and peace
able manner.
AFTERNOON MEETING.
At > o'clock the meeting again conv vened
at the Court House to hear the report
OF the c0nmittee, who had waited upon
Cook &Sargent and Burrows d Prettyman.
Judge Grant. as Chairman of the Commit
tee, then stated that while the committee
weF xye-s@ red in conference with Cook 4
Sargent, Antoine LIE Claire, Geo. L. Daven-
port and Hiram Price had promised to be-
come responsible for the ultiuate redemp-
tion Of the issues Of the Bank of Florence.
He then read the following answer from
Cook 1t Sargent, which had been reduced to
writing by them
Cook & SARGENT's ASswEr.
We propose to take the money in the
hands Of the laborers, and give them Illi-
nois and Wisconsin currency at par.
For the putpcse, and to prevent imposi-
ton, we will place the funds in the hands of
Judge Grant who will undertake to see that
1t Is properly applied
We decline to name any day for the retir-
ing Of the whole Florence circulation, as we
do not recognize the right of any person to
demand such an answer.
We repeat, however, what we have fire.
quently said in regard to the matter, and
that Il, when any person or association of
persons shall establish branch bank here,
or otherwise provide circulating medium
to do tie business Of the vicinity, we will
Immediately retire every dollar Of our cir
cuatlon, or make it equivalent in value to
any other circulation in the community
COOK d SARGENT
The following fair, straight forward and
frank proposition of Burrow d Pretty
man was also read by the chairman:
Burrows d PRr1TYMaN's PRoPosITIoS.
We cannot redeem our checks at present
but we will give good notes Of farmers in
debted TO Us, Tor our checks. We will sell
anything we have in payment, at as low
rates as can be had in town; and that as
soon as We get enough wheat to grind one
day, We will grind ii up and let the laborers
have II iii payment of the checks. We will
retire every dollar of our checks IA soon as
possible bet~ ~een now and next spring. We
must collect the debts due us before we can
pay what we owe. We shall, Of course, |
issue no more checks, and we will pay our
check il We pay no other debts. /
81 REOWS d PRETTY MAN.
On motion of DR.. Tegler it was then
resolved, that we will take no more Flor
erce money after this date.
After which Peter McInnerny made some
few remarks, and offered the following re-
solutions, which were unanimously adopted
u So}tcf, That committee of three be
appointed 10 visit Cook d Sargent, and de-
mahd OF them a written document that they
pay out 10 more Florence Money over their
counter, neither to deposltors or to any
other rersone.
Heoo'ced, Tha, the committee SO appoint
ed wait upon Antonio LeClaire, Geo. L. |
Davenport and Hiram Iirice, and procure
Their written agreement TO become respon-
sible for the issues Of the Bank Of Florence. |
The committee appointed are the following
Peter Mclnncrny, L. ID. Eagal, W. II. +.
Gurley
After some furter desutory and unimpor-
tant discussion the meeting adjourned.
Judge Grant will sit at his Office during |
the present week, between the hours Of Q |
A. NJ and l2 NJ, for the purpose Of redeem
ing the small sums of Florence in the hands
Of the laborers in accordance with the pro-
visions of the proposition of Messrs Cook 4
Sargent
Daring the entire day Yesterday. the
greatest excitement Ieigned Throughout.
The city and the City Artillery were under
arms at their drill room. prepared to act in
case of any emergency.