Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-05-19

AAocoiu LOT the TTeu-ency, oy the ChIcagu
Convsntion. vss the all absorbing topic Of con-
versstion yesterday afternoon. The news
spread with astonishing rapidi,y. and al,h ou gh
the intelligence vas iesued In extras, twenty
minutes a.ter the nomination had been made,
hundreds were already aware Of the fact =
Some Of our Republican friends apr cared
greatly rejoiced that Lincoln had been made the
choice Of the Convention, while others look ed
very much dissatisfied . nd uttered ~rses both
loud and deep. The German. appeared to be
generally pleased with the nomination. as the
abolition proclivities Of Mr.. Lincoln. are jest
the same as they openly profess. Tae telegraph
informs US that the nomination wac made
amidst the widest confusion. Seward, poor
fellow. has again been left out iu the cold. and
We doubt very much whether be has any
friends presumptious enough to again attempt
lifting him to seat q ear the fire.
~
A "MILL" IN DAvENPORT.-Since
Hsenan and Sayers had their contest for the
championship Of the world the youth of Amer-
ca have taken great fancy for cultivating the
manly art Here in Davenport. young America
"goes In on his muscle" and we should not be
surprised in our day. to see some Of them be
come the peers Of the "Beneeis Boy" Yester-
day afternoon . couple Of youthful pugilists
attended By their second. bottle holders and
backers, repaired to the levse, in front Of the
Scott House. to have friendly contest for the
championship of Davenport. Both Of the
gladiators were in splendid fighting trim. and
reflected much credit upon their trai ners.-
Twelve rounds were fought, the claret flowing
freely and their "rnugs" requiring the frequent
application of the sponge Not having re-
porter on tie ground we cannot give an ac-
curate account OF the rounds suffice it to say
that when time was called for the fret twelve
rounds both combatants came to the scratch
but when the thirteenth round wa. called ,.nei-
rther could come to time, and the referee de-
| clared it q draw battle" Some misunder.
| standing then arose between the seconds
which led to rough and tumble fight, bu.
with very slight injury to either. Both Of the
principles were punished severely We have
not learned whether, or at what time the con-
test is to be resumed
SAVINGS Among the wants
Of this city none are more seriously felt than
that of we'll regulated Savings Bank. There
are hundreds of servant girla, laooring men
women and all classes Of the POOR, who feel a
disposition to save a little Of tn eir hard earn
wages, against day Of need, if there was any
way of depositing their money, where it would
| be safe anu at the same time drawing moder
ate rate of interest This class of poor labor
ers know that it would be ridiculous to depos
it one, five or ten dollars ut a time in any o.
ou banking houses, and still more reaieulou:
to loan out such small sums to individuals
with the design o: accumulating large sums
| by smal! gaiEs. Hence they keep it about
Their person, until some temptation induce:
them to part with it and at the same time spoi
all their laudable resolutions Of saving theiI
earnings.
There is scarcely city in the Eastern States
of the population of Davenport. that has moi
one or two Savings Banks. These insti ution.
at the West would be far mere valuable thar
they can possibly be made to be in the East
All know that the sum Of 33 cents a day saved
will amount to the sum of 800 at the end O
the year. This sum will buy eighty acres o
Government land, which land, in year Of
two, may become wor h $40 per acre, which
will amount to 500. Thus every poor girl, ol
man, can open the way to future independence
and wealth. There is not an able bodied
single man in Davenport who cannot save
from his wages the sum of 81 cents per day, i
he will resolve to do go. By strict economy
and patient industry this class of industrioui
men will soon be enabled to own farms and Dc
business upon their own capital The cigar,
and bad whiskey which many Of the 4 now
buy, costs them that sum every day. besideI
ipiuring both their morals and their health
With q Savings Bank the inducements to save
money would be multiplied, and in few
years the amount of coed such an institution
will have accomplished would asto ish any
Moral Reform Society in the Union.
Such Bank could loan out these small de
posit., on real estate security, at a rate of in
terest not to exceed twenty per cent. allowing
the depoators ten per cent. per annum. This
would leave 10 per cent per annum as com
pen.ation to the managers of the Bank. which
would be amply remunerative, as all past ex
perience proves II our bankers now doing
business in this city would connect savings
department with their business already estab-
lished We think they would find the under'ak
ing profitable one. or If come of our reliable
and Trustworthy citizens will form joint stock
company, and start Savings Bank. in which
the community could repose confidence an in
calculable AMOUNT of good to the laboring
classes will surely be secured. The experimen,
has proved . blessing to other cities. why will
1t not to this beautiful emporium of IIwa.
MAVEl6 ITEMS.
Friday, May is, 1850.