Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-03-05

attempting to raise spring. the knives caught
bis hand, cutting of the thumb and part Of
the ball OF the hsnd The wound is in a very
bad place, as infsmation is likely to set in at
any time. by which mesns Ar. Collins would
s,snd q chance Of ioosing his hand. DR. Baker
dressed tie wound, and the patient Is doing -
well as could be expected.
"TwISCITY Coat CoMPASY" Y"-EpIr-
oRs DExooRAT 4 Nrws.-I see that you have
. complimentary article 10 regard to the above
company to-day, and while your readers were
perusing it. said coal company was 70. re-
gardng the 'interests Of the community" as
you supposed.
| l hereby enclose you two coal tickets show-
ing you that sent teamster to their Brady
street &c al yard to-day. and they charged him
eierem cents per 6"shel at their yard for coal.
! Respectfully, H.
Saturday, March ed, 1860.
DAVENPORT COAL YARD.
| MARCH Sd, 1860.
| Phillips bought Of p. l.. Cable 20 bushels of
coal at ! cents per bushcl, amounting to 1920.
Delivery s..
Received payment.
fer ...............
| For the satisfaction Of III We will state
that the coal purchased by Mr.. Phillips was
part Of Mr. Cables old stock purchased prior
to the new arrangement. The new company
will not sell coal for a higher price than stated
by us Saturday, viz; 10 cents per bushe at
the yard
SCHOOL MEETING.-At a meeting Of
citizens Of Davenport, without distinction CT
party, held at the Court House Saturday ever
ing, the 80 nst'' for the purpose of selecting
ticket for school officers, to be voted for on
Monday, March 5;h J. c. WxsHBuhS, E-q
was called to the chair and Tn. Gu.lich was
appointed secretary.
1t was then agreed to vote by ballot and to
keep open the polls for one hour. The voting
then commenced. aud at the expiration Of the
time the ballots were counted with the follow
ing result:
For Presdent-A. S. Maxwell 75.
Vice President.-Jas. Grant. II.
SecIetary-T. j. Saunders GA E!iel Peck,
Is
Itrasnref-Geo. H. French, -
Directors-W. L. Cook, 75 c. G. Blood,
IS
On motion, Mr. Blood was declared the norl-
inee for three years in the place Of John N.
Frizz-ll and Wm. l.. Cook for ore year. The
unexpirel term of Robert Means. res.g ed.
The proceedings were then ordered to be
published in all the city papers
On motion the meeting adjourned.
Our DEBr, AND WHAT We ARE TO DO
AT THR PREsE~r JuScrURg-There is no use in
Disgusting the fact, We may struggle as hard 50
We possibly can, we may use every device that
We can rely on, bu. Davenport as she stands
now, canno, pay her Indebtedness at present,
and i. 10 useless to attempt to do it. Be
fore the lst Of Januarv 1861. we will have to
raise $50 ,0O0 to pay the interest on our bonde,
the money loaned to the city by private indi-
viduals. ard the Judgments against the city,
and this every one knows We cannot do. Ard
if We go on paying ten per cent on our bonds
and loans, the lst Of January, 1861, will find
us Just as heavily in debt as ever. We cannot
do it; our coupons must remain unpaid, and
lie over until we ore able to pay them, an d
there is 10 use in vain struggles to keep up
our citys credit any longer. We are poor. and
We might as we'll swallow our pride, and tell
our creditors plainly We cannot pay them but
that when times get better. when our commu-
nifty become. more prosperous, when We once
again get on our feet we will discharge every
dollar Of our obligations. but we cannot do it
now. There i. no use in distressing our CITIZEN.
any longer no good can be effected by the tax
gaihe;ers taking from them the little means
they have left to gain their livelihood by. in
order to satisfy the demands of the city's
eastern creditors 1t will only render them
Absolutely Unable for the future to pay any
further Indebtedness, and eventua.e in driving
from the city many an active, industrious citi-
zen. Take away from the teamster ore horse
take from the mechanic his implements OF
labor, from the small storekeeper bis little
stock in trade, and what y i'll become Of them
How can they gain . livelihood for themselves
and family They have in such state Of af
fairs but two modes of action-they must either
abandon Davenport - . home, or 60 upon the
county. Now is it doing any good to drive
these people from our city by the levying of
taxes that grind them to the earth and are re-
ducing them to povertyi The hard times, the
depression in trade. and the depreciation of
real estate render the raising of mrEey to pay !
our Indebtedness at present impossible, and We
might ae well tell our creditors so.
How. then, are We to act under the circun-
cesf Reputation is desperate remedy, and |
ore that We ali undoubtedly hate to resort to- |
But self-preservation 10 the fret Law Of nature
and when . communi y il - much distressed |
- ours. it sometimes becomes necessary to |
adopt desperate remedies. 1t may be urged |
against it that it will destroy our credit We |
can only say in reply that We do not want any |
credit, and only wish that We had never had |
any. Ii such had been the case ve would not |
have been in the plight We are now. To be
SIRE such course is very mortifying to our
pride. but it cannot be helped. Individuals
suspend, pay their debts. and eventually re- !,
deem their fortonss-why not conmunitiess
wheu We say Reputation. We do not mean
final. absolute repudiation, but reputation for
the pssssnt-s saepsnaioa until our comma