Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1861-05-18

The SfDeoe 0cvoDuttou.
In the Chicago Times, Of the 18th,
we End IN able article under the above
caption, which We deem important in
the present energesey, s6d therefore
Law il before our readers editorialIy.
While the noisy revolution u going FOR
ward. it is highly importan, that the y.
lent changes which are beieg wrought
should be borne in mind. The paper
alluded to says "thsss are two revolu-
tons going on in our country. One Of
them is political, fery, passionate, noisy
and wsrlike. In this revolution We may
desclale homes, butcher each other, and
fix the bound sres az repubIics Or en-
pres. Its agents are the cannon, the
bayonet and the billet But there is
another revolution marchlsg side By
side with IT, which is masked by the
glitter and pomp of arrns-d silent req
olutios. A revolution in commerce, IN
business, in currency, is to be effected
which will be little less important than
the political one. During the continu-
ance OF this war our rich trade with the
South will be cut off As matter Of me-
cessitv. After the war shall have closed
il will be more than doubtful whether
that trade ever returns to its old chan
nels. There are n any and strong rea-
sons TO believe it never will, let the re-
suIt Of the war be what il may. In the
South the revolution in production will
be very great. Our system OF bIocka
ding will compel the revolving States to
turn their attention largely to the raising
Of grain and stock, and to proportion
ately reduce the production Of their great
staples Of sugar, tobacco and cotton.
This change will, to a great extent, prove
permanent one, whatever may be the
issue Of their struggle for independence.
Manufactures must, to some extent, take
root in those States, from sheer necess-
ty, as they W II be compelled to be self
reliant. These great commissions will III
fact upset all Of our past calculations,
aud bring on new order of things, not
now to be fully appreciated by any Of US
in either secAon.
"Among the more immediate effects,
however, will be the prostration of cur
rency, based upon State stocks. This
currency neither will nor can sustain the
shock of revolutionary war among the
States. The Southern stocks must be-
come comparatively worthless, and even
ali Northern stocks viii become greatly
deprecated. We may make whatever
Efforts We piease to stay the results, but
they must come. All currency based
upon stocks of any kind must go to the
wall in less than twelve mouths at far
thest We may call it par funds, and
~. s,-ii -. f-----;.-..- .-~i- = H..
but cheat and delusIon. Gold is peVer
~ premlum-it is paper that is at = DIS
count. Men may sell their property for
paper money, hut they will in the end
always estimate in the price what they
must lose on the currency. This war,
then, will soon, per force, bring us to u
spec circulation, as the only true stand
a. of value; anu happy shall We be il,
having once suffered the losses Inch
viii fall upon us, we shall learn the lesson
Of never again trusting to any currency
but gold and silver 1t is one among the
few good results We hope to see come
from This war. 1t il rather bitter dose
for our people to lose 50 many millions of
dollars but it will prove the cheapest
transaction they ever engaged in, if it
shall forever divorce them from all paper
circulation. Fifty millions would be
cheap for Illinois alone to pay, to be rid
forever of banks and bankers.
"Besidos all these material changes
which must silently take place, there is
another one not less significant: The
old love Of law, justice, free speech and
American constitutional liberty is fading
away"
Some Hints to the Governor aud Others.
The army correspondent of the Ce-
dsrValley Times, whom we should Judge
to be vesy sensible man, writes con-
corning the appointments at Keokuk, as