Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-10-30

rsxaesea as1 EeS1s.y. A
The pressing necessity Of living upso
che sdvicc contained in what follows,
win b seen BY every sensible person.
Hard tImss are upon the people and
they uass provide for them. We adopt
n. following from the United States
EeoseNsiss, q being in point:
"The necessity for economy during
ths remaisdsr Of the prescott year, and
~ succeeding year, has not occsP'ed
tho attention Of the public mind - nucb
- il should. 1t 10 generally supposed
that although taxation will Be much
lssgsr than usual, yet the amount o.
money to BE- paid for taxes will be COM
parstively triaisg. 1t should te remsm'
bered there are other reasons for econo-
my beside the fact that We must pay 10
creased taxes. The price Of oil articles
Of living has been increased enormously
in consequence Of the war, and the per-
SON who buys as much % usual must e1
poet to expend larger amount Of mon
ey, and therefore must need increased
resources il he would make his expenses
keep within the bounds Of his income.
Wages, however, bavo not increased. A
man with an annual salary Of $1,000,
who usually consumes it in the course Of
the year, must expect that if be provides
- much for himself aud family ss 10
former seasons, il will cost him at least
80 per cent. more, and consequently q
bis salary 10 not increased, he must d.
minish his expenses 80 per cent. in qusn
tity in order to make them come within
$1,000. This will be true notwithstand
ing the fact that money is plenty. The
plethora Of money is mostly with bust.
moss men who have realized fortunes Oh
the advance in merchandise this season,
not with the masses Of the people. Its
true there is scarcity Of labor caused
by 90 great q portion Of the able bodied
males being engaged in the army, but
this has not yet caused airy increase in
the price Of labor. 1t is evident, then,
that tho masses Of the people will be
disposed to economic. High prices also
tend to check consumption, for the Elm
pie reason that prices are higher than
usual. Even classes Of people who can
afford to pay an advance, hesitate in
purchasing 1t an increased valuation.
The merchants in the jobbing trade
have experienced tho trath of these
statements in their business this season
Notwithstanding tho fact that farmers
have Lad good year, aud large amounts
of money have been expended for gov
ernment wants, the trade Of the season
has not been a. large ~ was expected
owing to the general disposition to econ
omize. As time progresses, this econo
mical disposition will increase. We arr
not yet feeling greatly the cost Of tn.
war. Before another seasons trade com
mences We will realize more severely
what it is to be taxed; and in'the mean
time, many articles Of living and cloth
ing wear will be dearer. These consid
erations should particularly influence
importers Of foreign goods. The con
sumption Of dry goods at an advance o
60 per cent. over old prices, caused BY
the advance 10 cotton and high rates o.
exchange, must be much less than it has
been during the present year. In order
then that foreign trade should be con.
Quoted probably, importations should
be very light. There is yet q small
quantity Of old stocks which can be used
in the place of new until eur political
troubles are settled and market values
return TO near their former level"