Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-05-15

enterprise. Our down east cousins can do
very many things aud do them very well,
bat that does not prevent the wids-awake
people Of the West doing soss things, and
doing them up hsndsomsly. n " slwsys
vent upon the principle that only the heavy
capitalists and experienced mechanics Of the
East were the only men competent to do
the business Of the country the concession
would be very damaging to Western pec-
ple-to say the least. There 10 some capi-
tai out West-and some brains withal to
manage it. About three years ego some Of
our hopeful citizens undertook to establish
. Home Insurance Company. Tho Nation
al was brought into existence - capital
100000. Tho stock WAS readily taken
and business commenced in earnest. Many
and various opinions we're voluntssred.-
Some predicted coed, and others evil. Seme
thought il might: possibly staggsr along .
year or two upon weak pins before ito Ansl
stumble others thought that with careful
nursing and management it would grow
stsutsr every day, and, after creeping
while, get upon its feet and walk along
with tho best Of them. The National has
been with Us nearly three years. 1t has
been = success in every particular. The
money invested has nearly doubled-in
fact every dollar then invested il worth
two dollars to-day. The losses have oil
been met with unusual promptnsss. and
every thing has been done in full faith and
good order.
After the Natioasl had been in existence
. year or % its capital stock was doubled
making it 5000, 900. OF hislas 10000
only about $4,000 stock has bssn sub
seribed. Now A. the company has decided
to comply with the recent State Law, the
Directors have determined 10 put these 500
shares upon the market. Thsy would pre-
fer to sell them right here in Davenport,
that Davenport men may reap the benefits.
This would bs much better than TO seek
sales elsewhere. The National has earned
money rapidly, and there 10 every reason to
believe that it will continue to increase in
growth and strength. 1t will bs the first
Company in the State to comply with the
new law, and probably not more than avs
or six home companies win do 20 at all.
The fewer the number 90 complying. the
better fer those that do comply. One hun
dred thousand dollars capital-25 per cent
paid up in ca-h is the legal requirement,
but the National intends to 60 in with dou-
bic that capital, and more than 90 per cent.
paid up. 1t isa rars chance for invest
ment. Stubbern figures. honestly put
down prove it beyond . doubt.
Now, then, shall We not take this stock
right here 1t homo Cannot our merchants
and business men stand healthy dividends
~ we'll as those Of other places. Let the
books be opened right here and every one
Of the 500 shares be taken by our own
citizens.
Davenport u -. Paul Railroad.
The following call 10 being circulated for
the signatures Of Resident Taxpayers Of
this township:
To the Trustees Of the Township Of Davsn
port, SCOTT County, Iowa.
The undersigned resident tax payers Of
said Township, in pursuance Of the provis-
ions Of Chapter 48 Of the Laws Of the 18th
General Assembly Of the State Of Iowa, for
the purpose OF aiding in the construction
Of the Davenport & st. Paul Railroad, from
a point At or near the City Of Davenport, to
. point in the northern boundary line Of
said Scott County Petition you to give
the notice and call Special Election, as
required by law, to submit to the voters Of
said Township the proposition of voting .
tax Of 4 per cent. on the taxable property Of
said Township, to be levied and collected %
follows: 2 per cent. on the tax levy Of 1868,
and per cent. on the tax levy Of 1869.
Dated May 14th, 1858.
The act above referred to makes it OBJ
ligatory upon the Trustees to call the cleo
tion, when onc-third Of the taxpayers shall
sign tho call, and to levy the tax if The vsts
is carried by . majority. We think the
plan Of dividing the levy, making = part Of
it come next year, is good one. Other
townships through which the road 10 to
pass, should issue . similar call. that We
may have all these things fixed previous
to the meeting Of tho Directors in this
city, on the 9th inst, that they
may form some idea Of what to expect
from this end Of the route. Al none
but taxpayers can vote on this matter.
and q every one We have talked with 10
in favor Of the road and this plan Of raising
money with which to build it, there 10 not
tho least particle Of doubt but that the Pc
tition will receive sufficient signefs, and
that The levy asked for will be promptly
voted.