Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1861-05-25
! DAVENPORT IOWA SATURDAY 4oBNlAe NAY 3. IssI



AsscnAMrs MsErIso.-A Movs IN
sus Rsess WAY.-Ilssson. wnoousu AsD Mss-
ssua OUsasssy RsspDsA.so. nssshssss
asd busissss sss bsid : sasrssss meesiss
ysssssday fsssases d II o'clock 10 nsssopon-
tss blesk end teok ! decided step b Tie right
Gpoos1oe-did j1s what vs have bsss sstisg
o6So - e for long While.
Jsss Q. wsshbuss. E<q.. vss called = The
chair. sid willard Basrova Isq. vss shssss
Secretary.
John Collins. Esq.. cdsssd The following re-
olutiou
Rssslssd. That ", the msrchsnts end buei.
nsss nsn.of Davssroet. susesio the bssks Of
THE city II their lsts sesion 10 throwing ont
all deprecated currency Of Illinois. WiseoasiD.
Aissyuh. banks and that vs will neither r..
ssivs or psy out the ssms 10 the tsaaaacsioa Of
our businsss.
T. H. Morley remarked upsu the vssolutton !;
thss iossossh - is vss iopossibls 70 ks up
any permanent vaiss upen ths dspsssistsd
funds which have lately bees in eirsslssioa. .tAs.
there wss NO eour's left The business men bu.
70 rsfuss II eatirsly. ard BY % doing sssurs its
speedy rstirsosat from circulation, and obtain
10 its stead good. sound money.
NJ. Collins made some very appropriate r.
marks in which he said the bAntsrs had given
the merehants - opportunity 70 rid .hsmsslvss
Of the trssh with which the community he'd
been cursed for the past four years. and that
II vss best TO make uss Of il, and refuse 10
take 'dsprsciatsd currsssy st any rsts--ts
sigidly exclude 1t from sireuIation-asd 70 give
the community round about through the eoun-
tsy 70 undsrstsnd that Davsnport merchants
will NO longer handle 10 any shape, or st any
price, uncurrent or unstable funds. He thought
that about sli We ought to have 70 do With /,
wss 70 do nothing with It. and GET good money
in its place - soon - possible.
r B. Hiil Rsq.. vss Of the opinisn that
this community had besen cursed long onoogh
With irresponsible. irredeenabls currency, and
he had no doubt II the business men here 70.
fused It entirely, that It would be replaced b.
good specie paying bank notes and specie IT,
sslf In very few days. II handled ct oil it
should be at no fixed value. but ct sny price
parties might agree upon-such . course would
secure its speedy retirement. He was opposed
to having any particular value placed upon !,
to be used in the transaction Of general busi
sess He hoped the pso, le would. with one
accord. sustain the bankers
H. H. smith remarked that the bsnks were
paying out good iusds to-day. and that East
srn exchange had gone devn from six per ct.
On Thursday TO three per Ct on Friday. which
was . speedy and substantial encouragement,
He thought Dsusnport merchsnts and farmer.
generally hsd carried the trash on their
shoulders about long enough. and that th.
the had nov arrived When Il should be
crushed out sntirely-that the people we're
ready for it, and that % the bank ere bad taken
the initiative. the msrehsnts should s.aud by
thsm-every man.
The "qusstins" on the resolution being loud
~ called for. II vas put by the Chairman. sno
was unanimously ami enthusiastical adopted,
AID the meeting adjourned.
A good deed hes been done. Let every
merchant who wants TO see healthy currency
hsrs-who desirss to encourage good funds
and drive homo miserable trash which was
90 long psrplnxed and bled them, stand up t..
the above resolution. Itis Tie wsy. and the
only way. and the merchant who will for any
purpose throw any hindranee in the way Of
,ts speedy retirement. has not the good Of this
city at heart. and should be treated according
y. Any q sn has right % buy it up - be
beet can, but only With view Of getting it
out Of town. Sustsin the bankers. and you
will sustain yoursslves-in this instance at
least