The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-01-02


Florence Money. ..-
We are Informed that one or more OF
our business men have been making an
effort to drive out Florence money from
our midst. We think We had better take
Florence until We are sure Of doing
better. Many reasons are urged why we
should not take it. 1t is said it In issued
in Nebraska. and that Cook h Sargent
are making a speculation out Of it. This
is probably true; but whose faults Our
Iowa Democrats in their Constitution
prohibited banks Of issue, and Messrs. c.
Il S. wishing to do that kind Of business,
had to 90 out Of this State to get char
ter, aud SO they stepped across the Mis-
souri, river into Democratic Nebraska,
and there they are accommodated.
1t is said that the bills are not &C.
cured We do not know what security
their charter demands, but suppose that
of course no Democratic Legislature
would authorize the issue of bills without
they are well secured We understand
that by the charter the stockholders are
individually liable, aud we see that
Messrs. c. & s. have otherwise pledged
themselves "to redeem the notes of said
institution at its counter in the city of
Florence, in coin, and at either Of their
banking houses in eastern exchange Or in
specie, at same rates as currency" We
underst ID from the above, which is quo.
ted fromtheir advertisement, that Messrs.
G. & s. are Ms much bound to redeem
every dollar of Florence" as though their
names were on each bill. We arc willing
to admit that we would not favor the IN
PRODUCTION of such money, where the
honor Of the men issuing it is the best
ecuri,y W. havs; bat we kavessthis mo.
ncy amongst w, ard we believe it will all
be redeemed.
Now shall! We refuse 70 take it? That.
the question. 1t is true that we canno,
get gold for it except at heavy discount.
1t is issued in Florence, where it has al
rays been redeemed in specie on presen'
tation. But Florence is long way of,
aud is on the wrong side Of Us, too SC
that We cannot conveniently present j,
for redemption. Nor do We know Of any
paper that can be changed into gold ex
cept at heavy discount.
1t is also said that Messrs. G. & S. have
violated their pledge to redeem it in Da
venport in ether currency. If they ey
er made such q pledge, it may be true
that they have violated it; but We would
like to see the document containing tn.
pledge. When We see i. We viii give il
publicity.
1t is said that il We throw GU, Flor
enee, ether and better money viii take
its place This We fear would not be tn,
case. How is It in Muscatine. wher,
they have for long time refused II
take Florence? We are informed tina
they pay it out to the citizens of Ceda
county for their produce, and say tina
they ..hain't go, anything else 1t ma,
be that We might get the scrip Of some
Democratic city but We respectfully de
cline the exchange. We believe that il
the spring, when navigation opens, east
eru money will be sent here to buy oul
produce, and then money will be plen
tier and times easier, aud not till then
1t would Be- plentier now if our farmer:
would sell their wheat for thirty cents +:
bushel; bat they will not do that, and
We cannot blame them for it, They should
however, sell enough to our merchants
at the prices they are giving, to pay what
they owe them.