Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1858-01-23

ELo8ENCE...nEQUIRs.CATs
Florence, the widest Of the wild cats
that has been for some time preying
upon the people Of Iowa, has virtually
yielded its ninth ghost. The people Of
the State have recently refused to give
it any sympathy whatever and the poor
thing had no other means Of sustenance.
We have o letter before US from Lis
bon. Linn county, which states that the
farmers and business men of that re-
gion won't permit it to stay there
This place was until quite recently one
of its favorite haunts. But the +" var
mint" having taken refuge in its ken
mel at Davenport, is doomed to slow
but certain death by starvation and the
merited taunts and thrusts Of those
whom it has injured.
A correspondent Of the Chicago
Tribune from Davenport represent the
condition of things there as follows:
"The matter is fast narrowing down
to point, and men are beginning to
prepare to stand from under with fear
and trembling. Gold sells, to-day, at
Is to 20 per cent. premium. That
rotten Illinois currency, which our
Gazette croaks about, is selling at IL
to Is premium, and some at Is, and
scarce at that. Hence you see that
Nebraska money is going down, and
unless G. 4 s. do something speedily,
the bottom will drop out on their hands.
Our farmers are already refusing to
take Florence or Burrows 4 Pretty
mans checks for their grain and pork,
and this refusal will shortly become
general, and then the shin plaster game
is up. Cook l. Sargent are tickling
the people with the promise Of making
their issues good in Chicago; but this
is believed to be ruse to gain time.
They have in circulation not far from
half million of Florence and they
possess neither the will nor ability to
make it equal to Illinois, or to redeem
it in Chicago"
The following from the Davenport
Democrat of yesterday (19th) is very
much like an obituary. Requies-cat!
"We have waited patiently the time
fixed by us, for something to be done
by the owners Of Florence currency, to-
wards redeeming it in something besides
other shinplasters. Nothing has been
done and we are now satisfied that
nothing will be done or attempted by
the Banking House, which insists upon
forcing that stuff into circulation in this
vicinity.
"We did hope and had some reason
to believe, that this would be otherwise
as our information did, d.
rectly from that Banking House itself,
and the statement being made without
hesitation, and as thing fixed upon,
we did calculate, that during the past
week matters would assume different
shape; but as we have said, it is not
done nor is it to be done; the state
ment was mere ruse - q blind and
of this we had our suspicious, when the
Gazette began to tell about the inabil-
ity Of Cook 4 Sargent to redeem their
promises. Such is the truth, md we
are satisfied about it; in fac have
no manner of doubt. Messrs. Cook
E. Sargent aysunable to make Flor
ence currens,s good; in other words,
are unable !, ~ their debts, and this
fact may as we'll be known at once
All the efforts of that house to redeem
their pledges, and their currency, have
amounted to just this, and nothing
more. They have speculated in their
own currency at the expense Of this
community, by buying in Florence bills
at, from Z to 20 per cent discount ; and
this, while they pledged themselves to
furnish at all times, exchange and gold
for Florence, at the same rates at
which it could be had for other cur
rency."