Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-06-30
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KAe hass hssm snarnas - 1hs gaepae
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ws hsad - sassas a saais ~
pss "A ~ ssaA Fl & -
spared sAa axpoae - an u Aish
plaAsN
This wssk ms pakzak - = ~ re-
Yosts "a tho special neaa Ii ~ Aaias-
I'd 70 sxAmdns into aAs snhAlsion Il shs
ssaAs zressazs, r. ssss ghsEaln Ina
passialiy psoEsn, asa.I = hak aaaerse
msaa visa ahs psopasblh ~ 1ignAturss
ok sAs Hos. gsntie mh D Ap psnoed.
Leak ak skass Hgusss ~ sAspSutfy ssaay
thA anasoid Able aedasa ga II ssamd and
gsoss msansanags aaa ea she peoples
ITtssasagy
The total Rnanuas Iaskia9 In the Stale
IrsmnRxy. rs TAG daAe at IL Espcga, was
lme Hmmdgsa aed sssslsaaSs Ssv-
~ Hsaadrsd an oms DoiIars,
and Essp ss Ash whAs did
tho Treasures h@Ee "a show &oE ahis vast
snm aaFaly Aae assagAas ealaskm and
certificates of aepesias az eastAin peivAse
pankaRs and iadsFidaalsl He had . Ger
aSeesa Of apostle aspoaik With B. I. Al
leo hk onr oisy &cF &C, 900, Did THAI
csxetHca ss@sa to kraEhas Nc. Far
wsan Mr.. AIlan wAs imAeRrORasad On The
subject hy Senaaos Sandals, who held
IN his poesasaiam aoEme $50, 0O az CSC :
600 il EsAks Warrants, thA repaT was
thai che spasae eould mes nor w6nld n0s
nor wOaldnoa Biz paid aatil resuEns ware
made from New York on shssa AraSka,
checks, carkiHesses, AeS., puA into hia
hanss for negseaaAioa. SO with aha eer~
tihcstes al Hrys, sharmaa q Ce. Now,
WIS did The Leg islatRre send their agent
eAst 20 dos &c borrow. on tia best
terms possible for ga9 aeplesad Treasury
80 90. de waa VI exchange for Gold,
SITE Ronds . tAas aRaouns. Hs was 70
sdswtiaa il aarAe New York and Boason,
pipars. khas SAa Stats ef Iowa waa Ia the
a&rkss ss k0xxewsss for the Rrat time
u fsa hiasogy. ana wNs Willing ID pay
sesen % eenk. Thia was - inform cap
isatsss. Wasi syax 1ansa Perhaps 50,
buiwa bare neYsg seen tbs nan who knsw
al aaaA Pub iemkioa Thia isam is Ina
porisms osIg 81 k ID sha ealzia of essr.
eam@aaese shoMiag studied frAad.--
Tbs ban was taken hy kha Erm of Cook &
Saxgnk, swnaga 81 the Bank Of Eioranea.
1aeiI ereaia was very much reduced at
han2 No aHb supposed that thsss sza-
inenf Black Republicans had eng msss
mensy than khsy nasded al kone 10 re-
storb animation in their suspended shtn-
plaasR mill in DasenpoFs. But they gos
the bonda shrosgh h0eus-poSus process
with he State Aeena, and ia return What
got the State o9 Iowa Unaecspsed
drafts "a the Bamk al NeEth America,
which Aad no oshw basls than the bonds
for which thsy mesa exchanged With
out . doliag ever and above their home
necessities, they SWAP credits with ths
State oI lows, and become her creditor
10 the aneuns 81 300 600. 49,
As sson as these bonds were issasd
and formally ia the market, and before
the State Agens lefs New York city, they
we're quoted "a 81 90. Since then thsJ
have run ap ia 81 OF. They now ruis
higher than anY other Stala Stocks in
the Unian, OF sren q. 8 Stocks.
Ia all Ahis ARamaarkaa4a e kig Spsx&kion
was realised By MsssgB. Geek 9 Sargent.
Taking the lowest figure Of premium t$I-
o. since these sseeks hare bsca paG in
market and So, 600 last 10 The Stats, and
gained By ths parties negotiating these
Bonds. s.....
Another feature il the transaction is.
that By their bringing checks, drafts and
certificates, endorsed and valuable only
Is che pecaniary liability OF Msssrs.
Cook 4 Sargent might stand the teal, our
outstanding warrants we're left 10 draw
interest st per eent, and our Bonds
were drawing Z paE cent, thus making
the Saata pay is per cent, On an indebs-
na&s thus doablsd By the loan. In the
mSaaaine the State Agank znka the inter-
est, and premiums en- Exchange, in the
larger part Of HE S210, 900, and puts ii
to his own credit, and IN bis own pocket,
81 sn individual aepositorl Can he hare
made less than $40 COO or 8L2,0Ol for
his own pocket oat 81 shis transaction z
We pat shs facts 20 good Anansisrs
30 figure oms az THAR leisure. Another
fact not 10 be oYafleoksd Is, that at the
tins ef tbs eg&aaina&ion there was nos
gold enoagh in tha Treasury 10 mako good
the SehooI Eend alons by soEas 81, D00 I
This Fund bas been paid In Gold, and
the Treasurer has no authority 80 dapos.
Il IL elsewhere, TO leaR il, or do anything
Herewith, but keep il inpiolase and an
touahsa ia the original coins Yet ID was
nina ever $l6, 900, and replaced By
Eastern Exchange Drafts, certificates
Of Dsposik in ths sHdlvisaal name az IL.
L. Norris, b Co.
On TIE sdjoarnnaeas az the Legislature
The balance Of shis SahooI Fands no hare
from good authoTitys was susnsa Gus and
hanaa1 over 10 H0a. Alvin SANDER. Sea
aaog, "a Ne an1nHlst al 80 GOO 10 redeem
SGata WaTxantss payable enIy oaE az the
appropxiskiSn fer shs State Insane Assy-
imaas
Wow sha mSrsa az eli shis Il not thai
Martin K Norris, State Treasures, Il The
gTeasagk villain anhunx, bns shAk tho Leg
IaGAsora wha gsEa him this opportunity
to plundeE ware iiaeampassus In be looss-
liz giving him aaah Al opportunity and
placing sempt@sian IN ais way. Their
we're regardless Of the people, aad kha
inEaEssts o1 the TEeasary.
III tbs State Treasurer be iMaoasnA,
then the Rspuhl ieanK isiakaes ID Rnilsy.
Bua aoabsy dyaa a shs guilt at Mepub-
Iicanisn IA passlA@ 0TeF qaiatiy all Ell
the exposures a4saR tbs return al 81. L.
MoEria and his reply % she Senate Res
olutiOn cf Inquiry. They did nothiRg
80 ferget 9ns khe nsfswions part Of this.
transaction, baa rested sensans with 40
AAafNA2&&A AM444k% ~ 4@GA &@@S " M&8@&E
there was enaagh in tie TreasuFa to pay
thsiy par dism and pailssge respectively.
This bssng aaswered enthusiastically all
acsian Id The aass was arrested. We
bold she Legislature FAR more guiisy shAa
Morris. He sook che bsnaalt ok sas rsfn-
sal 81 the IagislaaaEs se ineorpogsts the
Bill FOR The Tsaaa she saggs stions ef Sem
ator Ilimblay thAs che iaamtieal geld
shauld v hgoaehE 70 tie gapitol and pat
IN 10 State THsasnsy which aigAa be re-
seiyed from The Bends.
We alee bold kAs GFssRnes responsible
loE nss doing his duay, uaaar kss exist
IA laRs e3 gha STATE Re ID made By
aW = supervisory powsx 0Eeg al tie 9th
+ slksssa aAa agakhad wifA An&hogitY 10
vsS..s. 49,. - .s4.tsssssk 81 - =