Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-16

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LOCAL ITEMS.
RurESgEcK's new stock Of fashionable
jcwelry continues to arrive. The ladies'
should call and examine the splendid styles.
TmE Second Cavalry lcascs soon for tho
fcld--its furlough having expired. Our
streets are well represented with its mem
bcrs to-day.
LADIES, now is the time to purchase your
summer dress goods, and the place to get
them is at Kchoe 4 Carhart's, opposite the
LeClaire House. Their new goods just
arrived.
Losr.-On Tuesday last, May llth, on
Brady street, between I'd and 3d, ladies'
mink fur collar. The finder will be liber-
ally rewarded by leaving it at the Grover &
Bakers Office, over Wadsworth's store,
corner Of I'd and Brady street.
O'Neil & Gardincr's Minstrels will per
form in Rock Island this evening Rock
Islanders may prepare themselves for a
good time, as this troupe is one Of the best
now travelling in the West.
SmrxExrs from Davenport by Railroad,
for the weok ending May IA: 800 bbls -four
1900 bu corn, 1900 bu wheat, 1000 bu bar
ley, 800 bu potatoes, 20 tons bran, s24o lbs
hides, go fat cattle, 70 ike hogs.
GENTLEMEN cannot do better tiian to pur-
chase their clothing at krauscs, opposite
the National Bank Ills assortment is per-
feet and he employs the best workmcn.--
Furnishing goods, trunks, valiscs, etc, in
great variety, and prices are low.
REcRrIrISG- work goes on with
moderation. All recruiting commissions for
the hundred days service expire on tho
25th inst, 1t is hardly probable that tn c
ten thousand men called for will be forth
coming, though it is likely that half Of that
number, or moro will be raised.
--->~> ----
Sent lIouE.-Thc Adjutant General re-
ccivcd this morning by express the war
worn BANNER of the brave Iowa Third In
fantry, which is to be placed among the ar
chivcs Of the State Historical Society. A
new banner has been ordered to replace the
old one.
CHANGE OF TiME.-Attention Of the pub
lie is directed to the advertisements OF the
NJ. & NJ and the Chicago & Rock Island
Railroads. The summer arrangement went
into operation this morning, greatly to the
satisfaction of our citizens, who can now be
served with their mail at seesonablc hours.
PEnsoxAL.-Col. Alex Chambers arrived
in this city Saturday evening, en- route Tor
the South He has Just recovered from
severe spell Of sickness, and does not look
as robust as usual.
Capt Martin, Of the Q. NJ. Department,
has been suddenly called back from Paul,
by Capt Hunt, to assist in the busidess e.
that office. He expected to be gone all sum-
mer when hc left but short time since.
CURRENCY MATTERs.-The late financial
arrangement entered into by the merchants
and bankers of Chicago has, Of course, OPP
Grated upon all commercial circles in the
northwest Since the publication of the ac-
ton of the Chicago Bankers in this paper
on Friday evening last, the banks OF this
city have seen that they have 10 other
choice but to fall into line and do likewise.
The only question that arose was how to
deal with the issues of Iowa Banks. Tn
der the new arrangement in Chicago these
issues were set down among the uncurrcnt
funds, to be taken at onc-half per cent dis
count, unless means should be provided for
their redemption in Chicago. Unless this
should bo done, the National Banks in this
State would be obliged to take Iowa Bank
currency at the same rate OF discount as
was charged in Chicago. This currency,
being below par, would flood the State and
drive grcenbacks and National Bank Notes
out of circulation. The first step taken in
the matter, we believe, was by the First
National Bank Of Davenport, which at once
decided to take at par only ''grecnbacks any
National Banks Notes, and the bills Of such
other banks, the redemption Of which should
be provided for in Chicago" This action
Of the directors would force the National
Bsnk here to take the State Bank issues at
= discount, unless the above named provis-
ion were made. There was not little spec
ulation among business men on Saturday as
to whether the State Banks would come in
to the arrangement or not, but We are now
glad to learn that these banks will provide
for the redemption Of their issues in Chica-
90. This settles the matter with reference
to State Bank currency-which will now be
taken at par 1t the National Banks. This
deos not effect issue of ftheMerchants Branch
here, because, it will be remembered thatits