Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-01-11
Iowa Money .Ot Iaxrs.

law making the Issues VI Tie Nt4tc
Bank Of Iowa receivable iJr taxes.
There is no proprie'y Of justice IN The
State refusing TO accePi, 10 pas mem 81
liabilities due il, eurrency which y
sanctions aad guarantees 10 the Yubic.
-Muscatiae Joarnal
The above ) good suggestion, ans
W. hope thc Legislative b ~ o. our
STATE. which mcets al Dcs Moines on
next Moad4y, @l.l give It practical con
siJ.r.,ion. The is-ucs Of the several
branches ofihc state Bank are redeema-
H in goll at Their counters, ana We
can sec no good reason Why they should
no, be reserved in the payneqt OF State
,ayct There would he 10 more lnpro-
priety in a county reiusir : TO receive 10
payment of taxes is own orders az toto,
Man for lie state t. Object TO receive
moncv, the resp nSlbiity Of which it
guartotc,s to the pubiic.-Dacenport
Gozeh.
We Do not, tor moment, suppose
that our nelghboss, qnotei above, would
wish to deceive tier readers, but sl'll
tleEo is a WONG impression conveyed n
the above extracts. Ihat the State has
Uuoraufced the Issues ot the State Bank
IN any saeh sense, a. a county 9aafa't-
ICES It's orlgIs, i not the ease. Inc state
j. no more responsible than are The cdi-
tors Of the ./0urnak and Gd@ete. The
lie ,lsaturc passed a tw which It sup
posed would make The bill holder sale,
an our friends, we suppose, voted Tor
i. There is a branch OF the State Bank
IN Masratnc and one in Davenport, and
their f,icrds Woll! OF course be glad to
have their issues receivable for taxes.
Perhaps /, II best they snonli be, bat q
that ~ arc not certain. We would
much rather SIC nited States Demand
Treasury notes favored N that way. "c
10 Tot feel that the people q Iowa are
m Ter any very great Obligation to the
STATE Back of Iowa. 1t has been man
AGED for he benefit OF It's stockholders,
aod IS using every effort to Obtain the
control Of all legislation ON the 81 Get Of
bank. j Year ago lat isll the people
Of lo@a voted on the proposition 10 al
low Independent Banks 10 be organized
with capital OF $4,000. The law as
It stands requires $4,000. The stat"
Bank oppo, ! The measure, and Tie
JourJ1at had more to say against 1T than
any other PAPER N the state, ani We be-
lieve claimed the honor Of having de
fcaied to measure. The state Bank
AND its l,ehds having prevented the or
ganzation Of other banks, now seek to
have its ISSUES received rs specie. W {
hope orr legislators VIII consider the
subject well, before voting Tor any such
law y G have State deb. and the IN
te,cst on that debt must be paid III
specie. state Bank paper won't pay 1t.
treasury notes VIII cu'.. Lealer doing
il. We favor a good sound national
currency and arc wiling to dispense
wi'h State Bank notes. We are not
posted II tie science OF banking, but We
a,c oppo.cI to giving the State Bank o.
Iowa any greater powers than 1t new
possesses. ~ Upton Alcert'ser.
We are pleased TO see the AdoertiSe
take such srounls. The step proposed
is one q very great importance. 1t L
claimed ~ The friends OF the measure
that il Nil BE i good thing for people
living at distance from any OF the STATE
branches save them Il shave OF !;
cent or ass en- tie dollar, and some lit
Tie ANNOYANCE besides. No doubt OF It
The same would have Icon tlnc las
year, and years bctolo, bat ~ such pro
position was broacicd by anv sane per
son. Why do it now The Stat,
Bank of Iowa will not suspend specie
payment, consequently its issues will bt
ust as near the standard next year as
they are at the present time, or at any
time since that Institution went into
operation. When there is no change
in the means which are to be used II
paying the taxes, why is there any ne
cessity for legislative aid ? We sc,
none, nor can We see how anything bu
cvlI can result from leglslating pape
into gold, IN every community III thu
land. Ii is not at all proper, as we be
lievc, and shall continue to so bcliev.
until We shall have seen some more con
vlncing reasons than have yet been al
vanced. Perhaps some Of the worship
ers of the scheme can show why j
should be done. We hope our Legis
lature will act with extreme caution o.
the question, and look into the future a
far as its ability will permit it to. Their
Is a hereafter to these acts which ough
to be invoked previous to decisive &C
ton. A man must be blind, indeo,
who cannot see the probable result.
LET us say ust here that ace are no
in favor Of employing contrabands t
do our fighting in this rebellion. No
from any principle, nor from any moe
squeamishness of having white me
ranged alongside of black ones, but be
cause we can employ them otherwise t
better advantage Gazette.
Sitting in his editolial-room, III
editor of the Gazette can see no imprc
pr'ety in placing the negro side by sid
with the white soldier on the field {
battle, but if they can be elsewhcr
employed, he thinks rcrhars it woul
be better MOTTO Mace thnm In The rank