Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-03-09

a meeting, matters were discussed, at least
on one side. and promises were made and re-
ce.yed in good faith that al would be right
in short time But the money deprecia-
ted-down and still down it vent, and TO
keep up with the times, and look out tor
themsel, es. merchants and others, in trade,
added to the price of their goods. just the
amount of depreciation on the currency,
and finally come out with two OF three
prices, to suit the kind of money paid They
virtually said and say STILL that If the con-
sumner can pay the additional price, we can,
must. and will put it on
Now, gentlemen, it il no trouble for mer-
chants to pay their debts, even with de-
preciated currency, 50 long as they find
customers enough, who are compelled 70
purchase their goods, and pay your price
with the depreciation OF the currency on
the top Of that The game il We played ;
the few favored ones have paid their intebt-
edness at the sacrifice of the majority !;
but it is to be hoped that the time will soon
arrive when "foybearance vii. cease to be a
virtue
"And that much Of the prosperity of the
! place il due TO the fact that we have To-
zeal currency in which the inhabitants Of
'the city and surrounding country have
"placed aud still retain entire confidence"
think that have clearly proven. in my
previous remarks, that no community can
have healthy prosperity with a deprecia-
ted currency, local or not local. as the bal
ances OF trade are not and ear not be equal
" the same to all persons. The direct ten
dency of locate arroncy is to drive all other
currency out of the place. and prevents it
from coming in more especially if that local
currency be deprecated.
We have had complete proofs Of tina.
during the past winter, when every
dollar of eastern money, as well as gold,
was bought up and sent back. and We were
left with spurious trash on our hands with
which to pure base goods, DC. with loss
every tine W used it, of an average of Is
per cent.
The "entire confidence" spoken Of, has a
broad, but sandy foundation, if it has any
foundation at all. | should like to know if
the entire interests Of more than 10000 in
| habi.ants have been handed over to sixty
nine, who seem to be voting by proxy
1 There may he some green enough to believe
4 it: but rather think not. On what is
your confidence grounded? Florence mon
ey.) Well, suppose we 90 to one Of these
gentlemen with ''N' Of Florence and ask
him for ~ in gold. Do you not think
that he woull see 70 cents somewhere p
OH yes, 7s cents looks Just as large to
him as any one else; if not a little larger.
But, perhaps he will say that his confidence
is not founded upon the money, but on be.
lief that its authors will redeem it some.
time, that is to gay, Just when it suits their
convenience, and then at as large shave as
possible | am led to believe that the prin.
cipal part Of your confidence is founded on
selfinterest.
"Do unqual fiedly dsnouace the course o.
"a newspaper, published i'll this city called
''the Iowa SINE DEMOCRAT
Yes, the editors of that paper should be
'denouaced' They have thrown IL bomb. shell
which has landed in the shades, ard explo
ded; eausinng Postosus to leap from his DARK
abode into the light of day. ley had
better bow at his shrine confess their sin:
or retreat from those cred grounds. o.
We s.nve,, Call We upon your gods for pro
lection; Geuounce vour li:.ciples; the De
mon Il ! i.cn from lis lars abode hi
sword j. un-he..thed, and his eye flashes viii
fire II has ;.ifetiy le.ouscsd you. an,
will SAY you il he can