The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1864-02-06
Editorial Correspond
LETTERS FROM THE CAPITAL.
DEs MONIES, Iowa,
january 26, 1864. I

'
The question Of receiving the notes of
the State Bank in payment of taxes, is
now the ALI Absorbing topic. The bill
was called up in the House yesterday af
ternoon, and ably and earnestly discussed
for more than two hours, when the House
adjourned. making, the Bill the special
order for to-day. The debate on this
subject was opened by Mr.. Nagill, of
Clinton, on the part of the Bank: He
spoke for about an hour, in very able
manner. He confined himself exclusively
to the work of proving that the Bank is
sound. This fact he established beyond
peradyenture, but proved nothing inre
gard to the necessity of receiving the bills
c Of the Stale. = -. r..
Mr., Bell, of Pottawattamie followed in
a speech of about twenty minutos--fator-
ing the policy of excluding from our State
treasury everything except Treasury
Notes. He took no issue with the gen
.tlsman from Clinton concerning the
sounlfness Of theState Bank-he believed
it to be one Of the soundest institution in
the United States, and perfectly good for
every dollar of its issue-but considered
it the .dlIty1of the State of Iowa to do
everything In her power to strengthen
and uphold the national treasury notes
to give them preference to. and set them
above all other kinds Of paper money, in
order to strengthen the nation by uphold
inp its credit He also took occasion, in
the course of his remarks, to drop a she'll
IN the copperhead camp. Discussing the
same question, a few days ago, gentle
man from Dubuque anticipated great
financial crisis, when all kinds of paper
money-Tielsury notes as well as Bank
issueg--wotld become worthless. Nh
Bell told him, iHst to an hour, when that
time would dome 1T viii be- he said,
when the sym pathizers with rebellion
obtain powerin the loyal States; when Ma
honv, or one ofhfs Kind. shall be elected
Governor of Iowa by as large . majo.ity
as Stone received when jeff. D4Yis,. or
one of his party in the North sohli be
installed in the White House at Washing
ton. then will it be that our nation 'scredit
VIII fall to the ground and our Treasury
Notes will become As' worthless rags
This Little shot caused a considerable
commotien in the copperhead corner, but
no response has yet been made.
Next came Mr. Burke, of Bremen. who
endorsed all that had been said by the
Gentleman from Pottawat tanie, concern
ing duty, of the State to uphold the Ma
tional currency, but could notagree with
himthat ,h4 State Bank Of Iowa was per,
fectly reliable and secure, He believed 1t
was ret safe--was liable to becomebankr
rupt at any tinae--and did not befreve 1t
was safe currency to take into the State
Treasury :: 4 ...-... -.
This closed the debate yesterday even
ing. Upon the meeting ofthe House this
morning, the special order was taken up
and the debate opened by Mr. Moir, ,oi
Hardin, who took strong grounds IN iaVoF
of tie state Bank. and made,an able ar
gument in its defense. He referred N
rather pointed terms ., to the remarks
made yesterday by the gentlemen from
Pottawattan1ie and Bremen Gentleman
from Bremen then got the aoor By. leave &
of the House, and defended his position
against the remarks Of the member from
Hardin, This fight between Hardin and
Bremen was foreign to The subject, and
rather OF q personal character, Centre
shots were made both ways and it Is DIR
fcult to tell which had the best Of tt
think its drawn battle. ,..,:.s.. .er.:. ,.-.
Ar. Holdridge, of Buchanan, followed
- -.,y3-.. .ta.5E.