Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-03-13


Generals Mcclellan and Halleck. This will
make some of the hounds who were hunting
down John Charles last fall, open their eye-
The Blair family stock mu.t be getting below
par. Where is the Chicago Tribune. What
Gays Deacon Br oss. and the other disappointed
contract seekers
LETTER FROM FORT DONELsON.
FoRr DoSl usos, Tenn, March 9TH, l3c2.
EnIroas DEM acEAT ASD NEws-.Sifs In
your is.us OF the 25th ult. see two letters Of
mine. which as;ily wrote to my father, and
on second reading, I discover that one sentence
conveys wrong idea, which am desirous Of
correcting, the sc ntence 10 this '-Darine the
first charge. the regiment divided, the right
wing going to th., iyht to save themselves
behind q portion O: the hill the left, under
my command, inst lad Of going away. went On
until told them to save Themselves behind
trees" This conveys the imprt asion that the
right ~sny gave way, which is a gross error.
The nature Of the ground threw them under
the brow o. hill, which was q protection to
T
I'D not give way, but advanced nearer to the
breastworks than tho left wing. | cheerfully
make this correctio n az il :s publicly due Col.
shaw, and com oanies d, Z and +, auc their
commanders. Please publish it. aid otlige
Yours respectfully, n. N IYAEn,
| Adjatant l4sh Regiment Iowa Vol
I a. 4,
ed to make money stay u. home. they fsll
short Of the object. The stay and appr also
ment Jaws Of this State, are constantly sap.
ping the best enevgies OF the State. We be.
Iowa needs the acquisition CT capital. Every
man who brings capital here is an advantage
to the State. Ias,ead Of bringing capital here
now parties are keeping it away. Instead Of
letting capital remain hare, capitalists both
large and small, are taking it away fer invest
ment in States where there are no such obnox
ious laws. No matter how good capt. aais!'.
Intentions may be, he is constantly Liable 10
lose If he investa. Suppose case A man
comes here to invest ten thousand dollars
and having no other means OF support, he in.
tends to live from his capital. He invests III.
ten thousand dollars in twenty farms-S50O
each. and takes mortgages on the farms TO
secure payment. He loars at ten per cent
/ The securities are each worth five Thousand
dollars. Safe We should naturally say. But
how safe? Mr.. A. who has the first five bun.
dred. fails to pay interest and principal at the
end Of the year. or two years as the case may
be. The mortagee has no other remedy but
to foreclose. But when he foreclofes, he is in
formed that the property must be appraised.
Mr. A. chooses two Of the appraisers out of the
three They app.a;se the farm at So, GOO
Now, as our law goes. the capitalist is bound
to pay two thirds Of the appraised value Of
that farm in order TO get his FIVE hundred
back. Ia other words, he must make up the
three thousand five hundred, in order to get
his five hundred back Tha. is the kind of
law We have. 1t is a financial paradox-for
the greater the security a capitalist gets for
bis funds the less the investment is worth. A
nan may invest all the money he has and
make himself penniess to all in,en,s and pur.
poses, while yet the investment is, in one
sense, perfectly good.
Is it any wonder that capital Is moving ont
of Iowa-is seeking investment elsewhere.
while such law dsgraces our statute books 2
Such is the case. Money is constantly leaving
the place. and i. leaving it .imply on account
of these wretched, one.sided laws. The State
is growing poorer and poorer every day under
their VI just workings Farmers and business
men are groaning under them. aud trade in
them fnds . moet serious draw back.
We hoped most sincerely that our Legisla.
,ure would take the matter up and apply the
remedy but, as yet, We have seen nothing Of
the kind We are afraid that the day OF sd.
journment viii! come and the curse will not be
removed.
INTERNATIONAL uorEL.-We cannot
d. q better thing FOX those of our readers who
are about visiting New York, than to direc.
their attention TO the card in another column.
OF this first.c.ass Hotel. To induce them to
patron zs it they need only to be told that II
is kept on the European plan in connection
Win we oestp vac cueapeet euu UOSt U880lE.
cent saloon on the continent-ths world.fs.
nous Tayiors Saloon-(to which i. is at.
tached) where all that commerce and the sea
son furnish for the table is supplied in every
srtistic style, at all hours and at the loves.
terms.
NEW RooF.-The City Council has
found 1t necessary to have new roof put on
the City Hall building. For two years past il
has leaked badly and all the patching done to
1t has been so much thrown away. A good
tin and shingle roof will last . lopg tine and
protect the building.
1t has been fully demonstrated that for first
{ class buildinss it is POOR policy to cover them
o win composition roofing. For some ki0ds il
( !" al veil enough. We have seen 90 masy
Snsoges Of roofs Upon foe buildipes dsrioo
tne past few years that we are out 81 favor q
poor 'oonns on fine buildinga
KEaosEs. On u--Best quality Of Ker
: osecc.. IA at forty cents per gallo~. At =
s DAs1, Soxs / Cos.
lW No. 2Lsslis's Block. Feont street