, 1875-10-23
AN IOWA REMINISCENCE,

| hl44 kGHGftu HUN Ll1c fklEtnR nj HAVING
'll''en 1hehl. lE1EG AnKwniHltT.
AN IOWA REMINIsCENCE.
The Credit Of That state Twenty
Eight Years Ago.
Mr.. W. F. Coolbauglla Mission to New
York in 1847.
Ido Burlington (1a.> Na.rtrr IL publiel,Ipg
sonln valuable "reminiscences Of tho history NJ
that Stntc. Tho following paragraphs show how
Western credit wan rogarett only tweuty.cfpbt
yonra ago, We ndd MI incident At related To
's by Atr. CoolGangli himself. Tic " ffcezinR
polscncss spoken of below OF tl.e part Of a1r,
"ass' III in proper contract will, tho amazing
'gnDranco Of that distinguished flnnn-
cie:. After Mr.. Watd had run lls eyo over
MF. Coolbaug,s letter Of introduction. lie
!ooseu ur with an air Of yirtuous bc-
"nloefaaeht, ',.. anu askod. "1-o-wah! I-o.wal,!
HhcTf il I-o.m6hs p Tho information kindly
olFnintl only produced tho "ffcozi,,g rolito-
htHa a',ovo referred tp. Could alr. Ward have
set'' ~ Vision tho proud war-rccord Of Iowa. a1ul
t'rr independent Iinanc,al tosition,-l.aying
aehioycI in only twen!y-cight years ono OF tho
.-s, ,lnt H'n!Ao!'e hluoEs HUI s!steT otaIce.-He
wotild doubtless llavu been profoundly disHubtcd
NJ h'h ow1 ignorance md stupidity:
', Qnlto recently, Mr.. Lyman Conk, OF Ills city,
PRESIDENT Of tile First National 1}anls. while
lnnltl'aSing over Hono Of Ilia papers aud docn-
~, ut VI Jeals gosio Ds 1oslGn ,otter. which "s
friend. W.. coolbnHsl,, now President ut tho
uli.tll Nntio,Ini Bank OF Chicago It iH M ntor-
ertit'E lux betwcen the past and the present,
tr,,r1L ~ p ,,,o ~ Wns. aus us tc "onaotin!
s curoas insit into some 81 tc @a ';n}cities MiGes
eneoilnterad i'll commercial transactions III those
days:
f =" ~, In" r," tay - ~. .DAm LfMAS arrived
phat.cI,l.i.. siy,rta, wcl nv lima ,ns ci VII ~
ss,at1Tornx s, te oltan ts sooo wanted ~ lowa
,at unollx iauIern ;nr nj mnn IL, sta M
n9 nast iii Western sIock Ieters tsp froa, u1'h H.
" oxs.tnN in tic Wav Of nitanl ~ ,, c .ne'- ~
seiy ,o,o tusurno,,,.s]n IIn* "a. ,nns" ,uS - ~
e"d urce o 10 bpya y Sx'a h nS 9 H. 10 III, .,
ter. If eventually succeed Il, gr.g tic '1n 1nonmr
f. pn on 'tHs t 10 ,u y ta,o q Interest greater tila
o rcason wy 0A Io,r ,aossM"feT sI,, %h' WI. csn re
cols,on between me ~" d tc r ihe" i"' Vas
the nnlcy who II full altogptl,nr in a,,ttl1u tis
rlocy 1t VII b" tad tint IT. Tor want Vi necessary
fno ths in i, ane oSc's! urged by moss men hnro II
= her Icy a'e "na ~. Ter credit ~ Jet t. TO
nv G1rtnrr
urs O:hrrs aly ntu,n shat it s'e,a. t.11 tsnt
State shod want money in thu very tra yeor If
h:r e1istenee In fAcs every possible ohjretIon IL
fG ~ ssGfy Possible way, mud ia easy to tla.
,cn. s'ocn ~ seRaFatu very tusi'tl''ts. nm,
H., hr;'H II ne 'rs ons ~ ,f1s T. rsl'p thn
t not ior niy nriyalo rer.sentnns nr,t ctro.tt.
ld .:o ~, any o1c to nutco tile tat ia auy man,
lrr: advertised tho t"an in phllrlcltia, Without
i's @ M onysfs YER u any rsssonnn'e r. rate Tho hest offer
nSn M W. M 10 tsRo r. loan *as at 10 Ier rent who
a,,ar "r II Tia t un ~ Fsasa,s M u,'4duas III
sni,c,l vu 1oin, VIA vcatcrdnv ' LII, ,n,..
rouucun, III lopca tut cool; mix. m i,rnrr.sn,,
~ h,, but he ttceziug1y Indifferent. have of.
t.cd TO take rent nnd psy iuterest ac,ni.A,ai
y 3ss,. SeW iors e. &. or Iail.delphi5. ~,
# ,ha ,, t1u h rss' r.. r. W. y9Hr ar!sF Yesterday
Ielir,at4n IN NV, f,rrs .b;, pnla ILL., os het ior
Airte.l in care Of Jsn,lay snctey "v ~" 49,, aa
.g Ii here nj so MT an "a frSgnt 10 Now 1sleaus IA
try 4lR, found t4at IL wond be rlrarcr 10 TAXI it
= = New ori,'alls Phelps Dodge Co. hare dcIoI OF
~ hato taHfe; II is warranted TO bc Of the boat
I'm ;1r n. tm. y ,,s, oas tan little
q Iong ii $3.50 nt presng ;ba van " rleG nheG fan o
uhal endeuvor 10 get away from hero aouo time
lis week nt larlert 1lnney Or no money
musat. ~ s"riI, = ~ -four, ", aud prices like
:" Aes' W. sefs 's"pcS''"''s' ~ =, ro
1,,,v ,,,,ap ", ~ .o',,n@ooh.
etMcen ti.e credit and tna:es of Iowa twenty
.sils fenta as9 aln nov: 1ae htato Lad Just
aen o!Esh.zea: E sho had been Admitted Oh con-
-. .' M ,.'o r nt'cHA" l"s VI VIZ "1u 4etl!tu1!ll
ep't. hnu ior tnls l>'lfnbae GmotIsHt tho frat
c1s passea w Aer irst Legislature was ono at,-
.1 1'lo neRotaaloa ol inali OF $55,0oG
III IL! Wn!cn 10 aiFehasso shat indebtedness, md
an .Ie naeh'no nntll sometliiilE could bo raised
'aaat'on; AZ .ar. toolbanHh vas doslEnated it
" aes 10 tho aso1't OF th9 ssate 10 negntiatu
~ loaa. alau "as authorized to inako tho State
oh9s, u WHICH 1au Geen liiatod III the o[co Ut
L. {. Atlsson1l Inpaot'Ga'i. anu Which he carried
~ hisn s,enea III Glalk ny the tioserilor and
'aso ~. Auul;ol. pasa''so at any time ho choHo in
o1 q moro than t"ohty years, atidto draw interest
y ~ oSsee.ung .ssst & ~ per ,t: co:st.
~ very 1elnctantty hIlHessook tho Job, and
oails, after any number Of dlAnppoltst.nehts,
40 any m amount VI ahabblng, succeeded In hor-
'"ing tho money Of private individuals. part ut
ann raft a. ~ per cent on tn yeara' time,
'snR - Iao pnf1es tlIe inst a1'd otlly bonds OF
10 sth!o OF towa ahd ~ addition thereto lns
Asona4 knarahIto ol tho prompt payment 0f |
70 lnttIess, ~ without which 10 found it impossi
- - 70 oottoW siIo !aohes, 10 he sl!fe. Luis per-
maj eahtahtoe III taoso days auloAtod to little.
'pfoDably not moro than ,sl0'0l o. Ell, 1W,-
~ IL turnou tao aGalo. l.: Eeems like Il dream
ow. aha aoui,aa me tah story, but thoao {
eto !ho aays Mhen Illinois nAd Missouri Ind