Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1860-11-20


fURsDAY xORNIN0......... NV. = -
r.-..-.., "a, Ats,es TIE oauss a eAe
TnenbIe..Food fer Re0eceioa.
ussevrs- financially speaking - are
getting no better but worse sud worse
% time passes on. The fruits of The
election Of Abrah, m Lincoln are being
reapsd every dsy--even away out here
in Iowa. The farmer is reaping hi'
share Of the profits Of that election ey.
cry time he brings load Of produce to
market. Yesterday he got thirteen
cent? per boshel less than he did about
election time. Wheat has gone down
to 65 cents and With . prospect Of q
still farther decline. On every hundred
bushels Of wheat the election Of Hon.
est Old Abe takes ~ per centage the
snug little sum Of ten or twelve dollars
"A cons deratioo, truly, whether hard
working farmer has got much or little
to sell. He feels it materially, and when
he reflects upon the cause which has
brought about this effsct-if be be Z
Lincoln mamie can comfort himself
that the cause OF the trouble is al in hi,
own family -thst he sowed to the winds
without stint, and 10 now resping the
wbirlwind with vengeance; or, 10 other
words he helped establish cause which
produces very unpleasant effect. No
matter how much he may endeavor to
place the responsibility IN another quar-
ter, it listens upon him. The effect is
felt by all alike. We ara almost wicked
enough to wish sometimes that only
those who made the bed should be
obliged to occupy it. In tact, We are Of
that mind now.
The merchant, t0o-our merchants
here in Davenport, and our manufactur
ers, and our business men, are oil paying
their full shsre Of the Lincoln Electoral
tax. If they wish to get a little ex-
change to pay q debt incurred in the
Eass they 60 to the bank to purchase the
requisite exchange, and are there told
that the sum of five per cent, Zone and
one-hslf was the ante Election rate) is
the proc. Here is q plain, though un-
willing, sacrifice of three and one-half
cents on the dollar to the Bla,k Repub
lican deity. 1t 10 small matter on a
single dollar, but on thousand it kills
all the profits on several days sales.
Our manufactures and produce deal
era are all suffering from the same
cause. Our citizens are just emerging
from the blighting effects of the 6nan-
cial revolution Of lS57-s,and in the gen.
erai order of things, did not expect to
DO so soon called upon to grapple with
another monster Of like dimensions, and
equally voracious NAV, nor would they,
had anybody but a sectional man been
elected President. Now they must take
the chances as they come along. The
great rail splitter Of the prairies, is car
Tying on his splitting propensilies to an
alarming extent-even to the splitting OF
the Union-the splitting of confidence
the splitting of commerce and the d.
viding up Of the hard earned gains of
our farming people, and every other class
of people. lie il splitter" indeed.
He splits the profits on all grain-al
goods-sll kinds of articles which are
bought and sold. We must submit to
it. The prophecy has come to pass.
Lincoln is elected by the votes of por-
ton of the people of the Northern Sec
ton of the Union, ard the consequences
must be abided.
We may b. asked why We attribute
all this blame to the election of Lincoln.
b.. is q sectional man he is the head
of party which has an existence only
in the Northern States !; the principles
Of that party are opposed to the institu
tlous Of the South, and are sworn to
overpower them. Hence distrust is crea.
ted confidence sinks low in the scale.
State stocks, manufacturing stocks, bank
stocks, railroad stocks-all kinds o.
stocks decrease in value. These State
stocks form the basis Of banks, and
banks fail where the basis crumbles. The
trouble Is net confined to any particular
sectlo"--it is general. For instance. read
thl' exhibit which shows low the best
railroad stocks in the country went down
10 day or two-just after Lincoln was
elected
Monday. Saturday. Last week. D.o
n. 7. Central ~ 7sh s. ~
Ny. and Erie 70 ssn s.k Ky
Resding..... s3M 3711 AK sX
Calepa noI[ RsL ~ "a