Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-12-11


have left may be stolen and the offender 60
unpunished-
What the locusts did not eat, the lice have
devoured.
Hurrah for Lincoln and the new Code
Financial..Banks Going Up..Exchange,
&C., &c.
Financial Cattere are growing worse and
worse, without any prospect Of any change sor
the better at present. or for weeks and per-
haps for months TO come. Matters look sqrslly
indeed. The notes of the Humboldt Bank
we're thrown out by bankers here yesterday
This bank has q large circulation here and
many will be bitten by it. The Bank o
Napervills and EIgin as we'll are not counte
nanced by bankers. 1t seems as though tht
banks which have the heaviest circulation bert
are the fsted ones. Perhaps future events viii
knock tie foundation from under them all
leaving none but broken reed to depend upon
There 10 not much chance to fer advice either
way. Tue future 10 dsrk-no one knows
which way to point, or what directions to give
with regard TO the matter. Too much caution
cannot be exercised on the part of those who
receive money. Those who are unable to hold
will see the necessity Of this. Those who are
able-those who hold it will be safe or insecure
~ the securities upon which the banks are
based, vary or Auctuate.
Exchanges yesterday were dubious. and We
vu1ll ha foeAo
the Banking House of Mitchell 4 Cable were
selling, for Illinois and Wisconsin funds, At lC
per cent to customers, and Is per cent to out
side parties. Here Macklot 4 Corbin sold tc
customers at 10 per cent Outside rates were
nominal-not mnch. If any. sold The State
Bank was selling at or 8 per cent. We pre-
sumo the rates here will be lifted" little to.
day.
Yesterday was positively blue Monday.
Business was dull-exceedingDy dull-ovine
greatly, however, to the condition of the roads
The receipts OF grain were comparatively moth
ing. The storm is gathering rapidly. and
when it will burst We shall see worse times
than those prssent There 10 not much hope
to hold out at present.
YoUNG SETTLERS MEE1ING.-An ad.
journed meeting Of the Young Settlers was
held in one of the rooms of the Commercial
College. ON Saturday afternoon. December 9Th
Twelve members were present.
President He'll being absent, Vice Presiden,
F. II. LeClaire presided. Secretary Finley be.
ing abssnt E. E. Cook was appointed Secrets.
Minutes of the last meeting read and sp.
proved. f4
Executive Committss reported that they
we're progressing very Enthusiastically, and ths
Festival promised to be eminently succsasful
Committee for sslsetion Of Orator announced
!. that they had chosen A. R. Rambo to perform
that duty. and that hs had accepted.
The following resolution was offered:
Rssolsed, That the Secretary, or some other
person appointed by him, have the power to
permit those eligible to msmbership to sien
the constitution without the usual formalitiea
Adopted. .l .-...,... ..
The price Of tickets having been fixed as
fifty cents each, . resolution was offered "a
rsstraih the levging Of the annual tax. Adopt
cd. ih1ista
|SIThe arrangements for the Festival are 20
nsary eompieted tAst a.etksr assssing will
probably bs unnecessary.
Those who are entitled to admittance to the
Festival are the Young Settlers. the Old Set.
tiers any eentlsmas who receives an invits.
ton from female msabsr Of tho Young Set.
tiers Society, and any lady who receives an
invitation from male member of the sssoeia.
ton. provided that no member gives more
....sxsAA TSTGAx te t.I & ..-'I-
thaq o4e lnvitauoHss ~ .sio7 -sasao.a Lii
10 Tie Exeeutive Oommittse viii iisue sirsu.
lar address in few days and then a asrapee,
n.n.s yin - madG known. aG3l e ,alJo
e. 1 as