Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1861-11-21
JOHN bull MISTAKEN.
John Bull Is extremely sol;ci

john DUH - extremely sotcltous
about the resources of tits country.
Tue corpulen. old gent is evidently
much conc rncd lest his dear both r
Jonathan should get ont of change with
which 10 carry out his iittle pIaLs and
arrangements and undoubtedly warts
10 c'xtrtfa helping Land in finaa cial
MATHIS. II this Is not the case, then
We musl accuse the old fellow Of re-
gardns Uncle Sam with an unfriendIy
eve.
AIl. Ball states, through his ofiicla
organ, that L ncie Sam ls short-count
ing al the specie lie has got in all the
banks, N the hands Of the people aud
in the Treasury too, the entire sum IS
only about fifty millions o! dollars.
w hat a story The old fellow rs ev'
denilg ia his dotagc, and some des gnlLg
kn,vc in the shape oil Mann or q
Iaucey has been imposing upvh hun.
If he really tod the truth there woul J
be grounds for fearing that the ,finsn
cial bottom Of this country was in very
great dagger Of falling cut. But let it
be told TO our big relative across the
creek that he was never more mistaken
in his lie. To show him the extreme
fallacy of bis reasoning, the Ph,ladc-
phia Inquirer dishes Up the following
statement Of Drolhcr Jonathan's specie
account, aud having been taken from
the reports Of the Treasury Department
aud the mint, may be relied upon as be-
Ing substantially correct:
Prior to the year 1920, no official ac-
count OF the expprtations AMI lmporta-
tons OF specie appears TO have been kept.
Sluce that time, however, the imports
AID exports OF the precious metals have
been carefully noted, and comparison
is, therefore, easily made.
The amount Of specie IN the country
in 1920 has been estimated by different
Writers
AT ..,........ S49,uVO,VOo
Taking this as "a starting point we
must and thereto tao following
sums VIZ:
Amount OF bullion and coin imported
into the United States from 1870
TO June 80, 1850 49,. ..... $40 l6l,s7s
Amountoi gold and silver, Of domes-
ito pro iuction. 10, orited at tho
Mat establishment during the
same period -. ......' 80. 492,ss6,oo5
Amount Of ,xcess OF specie and bull
hon I'M orted AMI bullion derived
IRON tho mines of the United
States exports Of TIE same,
from goth June, 1850, to 3lst Octo-
Der. l5hl, estimated ............ lOp,Oo)ooo
Making altogether the sum Of. 1913 Jos ,5oi
From winch must be deducted the
specie aad bullion exported from
ls2O to October u, 1860 ........ boS,640,6Oo
Leaving az the amount Of specie in
the intel States on u st OF Octo-
Der, SOL ........... ..... sSsi 81 $50
Tnese are the facts which are brought
up against Mr.. Bulls fiction. ell due
allowance is made for the quantity Of
precious inclols used IN manufacturing
purposes, and instead OF having about
fifty millions OF hard coin as basis for
military ard commercial operations, We
have about six times that amount. Aud
best :es all this we are drawing out ol
Europe about tour millions OF specie per
month over and above what we are
sending abroad. Our surplus breadstufs
are ve'y close representative OF specie
and We are crowdng it forward to
European markets Just as fast as our
means of conveyance will permit. No,
Mr. Bul, Won are mistaken. " Gle Sam
has millions for defence, and very little
for tribute. He manufactures his own
arms he buys provisions with which to
feed his army OF his own children, as
he also does his ammunition, his cloth
ing aud his horses. Then when he
wants money he borrows it of members
of his own household. Thus YOU see,
Mr.. Ball, that this is a sort Of family ar
rangement. We have not asked YOU
for a dime yet, and it is not right that
you should get fnssv or Selections about
our financial standing. The people OF
the loyal States are uuit upon this
money question. They have immeuse
resonrces. Besides being able to furnish
million Of men for the field, and mil
lions OF money to pay them, there are
enough lett at home to do up the work
at home and raise bread enough to keep
Europe from starving. We guess it is
all right Mr.. Bull. Ii We need apy
help when the present resources are
gone We may give yon call.
The Force at Beaufort.
For the past few days our news from
Beaufort and the feet has been very
meaore 1t is probahIe bow.yor +h