Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-12-08

In the State Of Iowa, Hon. Hiram Price,
Of Scott county, has been appointed Exams
liner Of the National Banks. The appoint
ment has given rise to much dissa tisiaction
and, as it is y case which interests financial
men everywhere, We will examine its char
acter. The matter is one not growing out
OF political feeling or measures, but Is one
strictly financial in all its bearings.
The National Banking system is not
partisan affair in its present character. II
has extended all over the country, and it is
now in the hands of men of all parties, and
its qualifications include the interests of
Democrats alike ~i,h those Of Republicans.
The Democratic party is in principle oppos-
ed to paper currency but it has accepted
the present system through force of circu.n-
stances, and its members have precisely the
have any other men. Such being the case,
the appointment Of Hiram Price, motor GUS
for his political craftsmanship, was impolitic.
The Government has large dependence
upon its banking system, and this depends
encc extends to the whole people aud hence
political influences and political characters,
as such, should not be allowed directing
management in the system.
THIS reason alone Inequalities Mr.. Price
for the position Of State Examiner. There
are, however, others. Mr.. Price is mem
Der Of Congress, and nothing is mere clear
than that clause Of the Constitution which
prov rides that mo Senator or Representative,
during the tine tor which he was elected,
shall DC appointed to any civil cfiice Under
the authority OF the Unit, d States" Norris
this all. Mr.. Price, in addition to being
disqualified by beng an active and partisan
politician and a member Of Congress, ~
further disqualified by being stnc Iholder
and director in the Davenport National
Bank aud if this be not enough, he has the
additional disqualification Of being Prcsi-
dent Of the State Bank Of Iowa
It is very apparent not only that the dis
satisfaction Of the financial men in Iowa is
veil founded, but that in this appointment
the treasury department did not understand
the circumstances by which it was surround
cd. 1t is very desirable that our present
banking system should, s, long AZ ifexists;
lie ma ional aud not political engine. 1t
is important that the financial men ofChica
go and ot thc country should see, in the ap
pointmcnt Of Mr. Price, an exceptional error,
which will be re fled a, th. earliest possib
moment. Ii . politician can have the ap
pointmcnt to n contr"liii & position in Iowa,
he can have it elsewhere. II the president
81 one bank Csn be made. 10 Iowa, the judge
of other banking systems, the same may
occur in other places. II Iowa has an ex>
aminer who can pronounce upon national
banks. while being stakeholder ard direc-
tor in ., national bank there is no reason
xht thu thing should not become universal.
AID finally, If. = membsr Of congress, in
violation Of the constitution and the bank
itg law, may hold the position of examiner
in Iowa, the saine disrc gard Of the constitu-
ton and law may reasonably be feared in
other states. -. e.-...l. ann If,
We hope Secretary NcCulloch viii rcctify
this material error by The removal Of Mr..
Price, and The appointment Of dssinteress.'
50 man. who Is susttaier; politician, ,nstGber
2! ccmgrcss, n AitAtt6f aDd stsckhOlduf Id
rlval banks: Let us keep politics out Of our
qnances. 1fthc government Wishes tohh1
aence on the pssf bf tAe people theseT nus I
be basis Of confidence laid 6y the govern
menE .fwe ARE sure that ~ , ~ i.alocb
| only needs his attention called toth;s n.tter
N order to fiSduee him to secs;f0 g: onee
vssy dasesreas pfscsdspk 0a(dsds
VI 49, - e --