Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1859-02-11

| GD luz DsIUOCVUt eXuItS tubt tu0 AvSWs
did not get 1t indicted before he Grand Ju-
ry for criminal libel. >" This illustrates the
delightful harmony existing among our De.
moctatic friends in this city-the gentlemen
who went 60 amiably together under the
pleasant fiction Of ''Scott County Democrat
ic Club. b."-Gszette.
The Democrat does no such thing. We
have never made any exultant statements.
and do not intend to. We never had the
remotsst idea that Mr. Johns could procure
sn indictment, and We are bound to believe
that he has more common sense than to en-.
tertain for moment, the thought that he
could obtain . bill against u.s. Why he
thus thus threw away his time is q matter
Of his own. and not ours. If it was with
the idea that he could obtain the end
sought for, then We underrste him as law
| YER if it was done with q view to estab-
lish character. We must say the means prov
ed Intellectual, or yet if the transaction was
prompeed by spite or malice. We most sin
cerely pity him. Exnltation is not manly
and we will not indulge in it; and as for
those little personal affairs coming in to
rsnkle in our political feelings, it can never
be- The Democratic club is made up of
Democrats, and as such, do not allow per-
sonal differences to shake in the least our
political arder. We meet in the Club room
ION the square," meet under the broad
folds of the banner of Democracy and to-
gether work for the advancement of those
principles. which, thank God. all Democratic
can labor to strengthen, build up and per-
petuate. We are glad to state that there is
harmony there-we think it will long
abide. We opine our neighbors of the Ga
zstte will find in the course of time that
the Scott County Democratic Club is .
club, and as such will do some extensive
battering about tha head and front Of the
Republican party.
B"We must have money st any price, y
say the Democrat. Not so. Il is better
for the community to have no money, If il
can only be obtained at such enormous
rates of interest, for no man can pay such
interest and remain solvent 1t issbetter to
fail now. with few obligations. than to fail
few months hence so encountered that
lifetime Of toll will not remove the indebt-
edness s-HuJ6eH.
This Observation-Disclosures Hubbell-is
in great sweat ef late; he is after the
money lenders. This man has comm enced
swelling again. He who has never been 60
fortunate as to have credit enough to bor-
row morn5 ct ady rate Of interest. sssps
forth uncalled for and unsolicited, and sets
up his characteristic howl over the sin of
usury-this man whom the writer of this
article has heard say times without number
that money was worth what it would bring,
now strikes lead" and says we had bet.
ter discard mogey loarerA Perhaps we
had. DO these "Shylocks" 60 into the
streets and ask any one to borrow their
money? do they use any coercion Surely
not. If every man was of the opinion of
Alderman Hubbell, (as he now pretends)
these money lenders would find no custom
! ers-their trade would vanish. 1t is the
demand and not the supply that creates the
difficulty which has Of late frightened the
Alderman. How has our city been built
how were our streets macadamized what
put life and vigor into our city, and caused
her to flourish as she has done. Was it
Iowa capital Not entirely. Has the
Press Of this city ever invited capitalists
this way have the influential men herald
ed their comingi Surely. But this one
man knows more than all the rest; he who
has not dollar in the world that an hon
est creditor (t) can get hold Of, comes out
as champion for the people and says it
would be better Ito fail now" than to at
tempt to 60 ahead nnder the present reg
ime. Would it not look far more consistent
if some honest man, some man who has
something at stake, to attend to this
and. if they thought necessary. take
some steps in the matter. Our business
men do not say " fail"; neither have they
refused to borrow; they ask, however, that
capital of oil kinds should be taxed alike,
and this is just and right We say that
every dollar should be taxed. and the man
that is unwilling to help support govern
ment which protects him, has not the honor
Of man about him, and should at once en-
igrate to some region where taxes are not
levied. But we claim that one tax 10
enough, whether it 10 levied in New York
or here; and - to failing" we trust our
merchants and business men will consult
their own tastes in the matter before adopt
ing the advice Of this upstart
II there 10 no business here that will pay
such rates of interest. who u to blame
and who ohliges the operator to borrow !
If the business will not pay. Why borrow' J
and if money il borrowed, Who Is in fault
The Alderman abuses the loansr, and Of
course he knows!
We wish that money could be obtained
here at six or ten per cent; everybody
wishes 80; there 10 not . money dealer in
the city who would not be glad to see half
million dollars put down here tomorrow
at ten pet cent.
The Alderman states that Gen. Sargent u
busily engaged in sffecting loans for indi.
viduals here ct ten per cent. We are glad
of 1t. and hope he viii hunt up million At
that figure. When the General was here he
loaned his money ~ veil - he could, and -
does the banking house Of which be is .
member at this time. He was not . man
that would ever refuse an offer Of IS per
cenk-ths men are scarce that would. But
II be 10 s6setise loans nov st 10 psr cent
for the bsasat ef the psepls here. charging
Ia pse sssk seaaissiaa, q ssasss he ID
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