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

mistaken. At Lal.rinans Hall on Wed
nesday evening they had assembled quieti
and peaceably, and he hoped to da
their conduct would be characterized u
the came moderation. After some desulior
conversation among The crowd, DR.. Oi-hau
sen was loudly called for and came forward
He also addresed the ree1ng in the Ger
man language He said that the presen
currency OF the city was one that could no
be used by the business community; maj
never knew what he bad got when he hat
1t. Exchange was some days one per cent
at Others, two per cent, and at others tel
or fifteen It was a moral ''inpossibiity te
20 DO business upon such a basis Farmer.
having gram to sell would not bring it here
becauseS they could not afford to take tha,
kind OF money. If they did, when they
got home they did not know how much
money they had, or whether they had any
at all. The farmers, therefore, went to 9TH
er places with their produce, and we could
not blame them. Especially in these hard
times 1t was impossible to get along with
such currency. lie had always been op-
posed to 1t III his paper, and was still When
a man had once taken bad step it was hard
to retrace it, The mistake was in accept
ing the currency at all. Cook L. Sargent
when they first Issued their money, were
considered responsible they advertised to
redeem it at small discount. This pledge
they failed to redeem They had since that
time again and again promised, but have
never kept their promises; and now things
had arrived at such pitch that the people
could not stand it any longer The ques.
tlon then arose, what is to be donef la his
opinion. some LEGAL steps should be taken to
compel redemption. At the Bank of Cook
Sargent men lately calling with money
for redemption had been told TO go to Flor
ence, the Bank was there. Groans But
should poor laborer. with five or six dol
lars, be compelled to 90 to Florence with
his money for redemption, and then get
none when he got there? Cook Il Sargent
were responsible for it here, and should re-
deem i. He did not believe in raising
and iniuring their property, but was in "a
vor OF proceeding peaceabIy and lawfully
to compel the redemption Of this money
The people could not submit to this curren-
cy any longer but 1t was not advisable to
collect mobs to tear down houses and de-
stroy property. The occurrences Of the
night before were shame, and should not
be tolerated He was assured that the
throwing of stones on that occasion was not
done in accordance with the wishes of the
majority of the procession Injury had
been done, but he knew it had not been
done by persons connect Cd with the demon
stration.
Ia relation to the bond which had been
proposed to be given by Mr. lie Claire and
othsra, he was Of the opinion that the people
should not take the word Of Cook IL ,ar
gent for It, II should lie put in black aud
white. So that it would be available. Some
other steps ought also to be taken The
laborers who had u few dollars of the mo-
ney could not afford To wait, or TO sell it at
liscount Of - per cent Cook 4 Sargent
should redeem these small sums at once
Iney had dealt unfairly with all but with
the iaborers most Uufsirly-they suffered
more than others. Let the laborers he paid
at once, and let tie large holders get the
beneht OF the surotIes on the bond This
course, and this alone, would satisfy the
community. After some other remarks in
regard to the cause of the stagnation Of
business in this city, AMI the only remedy
Tor 1t, he proceeded to say, that if Burrows
IL Prettynan could not redeem their shin.
plasters, their property should be taken
from them by law and applied to the pay
ment of their leht4 After some further re.
marks. he retired
A farmer whose name we could not learn.
then addressed the meeting. also III the
German language. saying that the farmers
could not afford to, and would not bring
their grain and produce into this city so
long as no other money but Flor ence could
be got He also related some of his experi.
ence III handling the cat, and gave it as his
opinion that it should be got rid of at once,
III some way.
The speech was well delivered and was
enthusiastically cheered throughout.
Ihe comhittee on resolutions then an
nounced themselves in readiness to report
The following resolutions were then read by
DIR. T. }. Saunders in the English language,
and by DR.. Tegler in German.
WHEREAS, The interests of this city and
county requires that good currency be sub
stituted for the issue Of the Bank of Flor
ence, now circulating in this community
and
WHEREAS, The loss sustained by the hold
ers of this money falls most heavily upon
the laboring classes who having but little
employment and scanty pay. are neverthe.
less compelled to receive this money at par
for their labor. and then have to submit to
a discount, or pay higher prices for their
purchases, than they would if they had
good money therefore, be it
Resolved, That the Banking House Of
Cook d Sargent are requested forthwith to
redeem in good money the small amounts of
Florence now 10 the hands Of the laboring
classes
Resolved That we demand of Cook &
Sargent that they fix upon an early day
when they will retire Florence altogether.
Resolved That committee of three be
appointed to wait on Cook d Sargent with
these resolutions and obtain their reply.
Resolred, That as law-abiding citizens this
meeting most unequivocally repudiates the
scenes of last evening. whereby demon
stration intended to be peaceable, and mere
" an expression OF opinion. was Transformed