Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-12-16
QUIZ jon OFFICE.
For Alderman. Sd Ward,
AUSTIN CORBIN.
Election, December z /

Tho Report Of the Secretary of the
Treasury.
The report Of the Secretary Of tho
Treasury il just such an one as Gov.
Coob's ability and experience as
statesman and finsncier, led us TO ex-
pect. Clear in its statements, convin-
cling in it, argument, cautious and
provident in its estimates, it fully sus-
tains the high character OF the Treas
ury department. 1t is a gratifying
fact that every Secretary Of the Treas
ury since the time Of Hamilton, who
has distinguished himself by eminent
financial ability has been Democrat.
The Ewings and the Corwins, who
have by chance been placed in charge
Of the department Of finance, have only
served by their incompetency, to rem
der more conspicuous the ability Of
their Democratic predecessors and sue
cessors. The mantle Of Gallatin, of
Crawford, Of fancy, and Of Walker has
fallen upon worthy shoulders.
The reports informs us that the ex-
penditures during the fiscal year end
ing June 3Oth 1857 were $7O,s22,724,-
So. Governor Cobb is Of the opinion
that the exports Of the present fiscal
year will not fall below those Of the
last year more than 10 per centum,
though there is every indication that
the exports Of breaIstuffs and provis-
ions will decrease both in quantity and
value; the increased value Of cotton,
at its probable prices, which constitu-
ties the principle item Of our EXPORTS
will raise our exports to nearly Their
usual amount.
The report states that the temporary
cxigency Of the Treasury may require
the Issue Of Treasury notes for bric1
period. The present warehouse system
may, in the straitencd circumstances
Of the country, operate to prevent the
constant filling Of the treasury by du'
ties, and it is therefore suggested that
it would be well for Congress to au-
thorize the issuing Of treasury notes
for an amount not to exceed twenty
millions, bearing interest, when cve1
the immediate demands of the Treas.
ury may call for greater amount OF
money than shall happen to be in the
treasury.
Governor Cobb then shows the alb
surdity Of the complaint made by the
Black Republican press against the
Government for not providing relief
for such as might be in want of assist
ancc or employment. While he is in
favor of continuing public works o.
necessity, he very properly repudiates
the commencement of any other works,
whilst the treasury is far from full
The Governor believes in the old Demo.
cratic policy: Pay as gou 60.
He then epitomizes the arguments
of the high protective tariff, and
briefly but conclusively refntes them.
His bold declarations against further
restrictions upon commerce are i'll &C
cordance with the spirit of the age.
He then urges the passage of bank
rupt law for banks and railroads, net
to injure them, but to protect the com
munity"-for the benefit of the credit
ors as we'll as the debtor. The subject
of the Independent Treasury is then
discussed with much clearncss and
power, and the system is recommend
ed to the several states. Ofthe merits
andthe Independent Treasury we in
tend to speak more fully hereafter
There is no part Of the report in
which we more heartily concur, and
we commend it to the re-persual, and
the serious consideration of our read.
ers.
There is not a Democrat in tho
county who will not approve of the
doctrines of that report, and their i'm
portance is generally conceded. A
support of them is alone the test Of
Democracy. If men agree as to the
great principles Of the administration,
what folly is it for them to fight against
thsse principles, because few faction
lists disturb the peace Of a remote Ter
ritory!
NOTHING TO WEAR."-Punch calls this fl.
nous poem, an American invention, which
takes off the ladies dresses.
BETTING ON ELECTION. - The Supreme