Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-07-16
r.. s-al, change Passe.

| lnhments, barber shops aod restaurants,
| irequsuted By regular Customer, the
expedient Of giving change for bills IN
tickets "eood for one" something has
been tried to supply the lack Of silver.
Az long a. customers do not object, this
is 40 easy way Of getting round the dif-
ficulty. At stores and oil other places
where such plan 10 for obvious reasons
totally out Of the question, specie can be
bad BY paying the current premium tor
it.-M T. Jour. CON-, July 10.
Tnx SHALL CHAsaE HuAsuo.-lf
buyers of email articles will charge the
premium where they pay 10 silver, and
the seller charge tor change when giving,
the scarcity humbug will explode itself.
Ibid.
Silver advanced to lilo, with more
generally asked. The suggestion ofa new
coinage, which We made this morniog,
is quite favorably received. The weight
Of the American silver dollar 10 Az LIZ
grains standard silver, nine-tentbs line !;
and tho smaller pieces in clrculat'op'
previous to Feb. 1853, we're OF The same
relative weight and 6oene,s. Owing to
The rapid production Of gold, the s''ver
increased 10 value, and in 1853, the
weight of the half dollar and smaller
coins vas reduced TO fractions Of Se4
prains t. the dollar, the silver to be Ut
lie same 6neness a. the old coin. We
COW propose that eightbs and sixteenths
Of q dollar shall be coined at the rate OF
800 grains to the dollar, which would be
further reduction of about II per cent.
We understand that the New England
banks are preparing to issue bills Tor 80
and 25 cents, but even with these, the
coin we have specified will be needed
Money Article Jour. Com. July 10.
The scarcity Of silver is one Of the ma
tural results Of our financial transgres-
sions, which it is easier to limit than to
remedy and which is likely to give rs
much trouble for some time to come.
We suggested, some days since, the
coinage Of eigbths aod sixteentbs Of q
dollar at reduced weight, say 40 and
20 grains respectively, which would
doubtless be sufficient to keep them in
circulation. Some have recommended,
for local use With US, the issuing by our
city authorities of bills representing
fractional parts Of a dollar. THE would
not meet the trouble at large through
the country, and would be q step fur
,her in the direction from which We
must yet return before We can fnd per.
manent prosperity. If it is done at all,
It should be carried on only as a ~ ste IN
Of exchange, the city treasury receiving
government bills, and issuing only 40
equal amount in the smaller demo nina
tions, thus retaining the means OF
prompt and complete redemption-Edi
toriaI Jour. Conn.,, July IL.
SMALL CHAral.-Tho currency and
small change difficulties are working
great injury ~ the retail trade of The
city, and giving insurers bic aupoyaucee
to all parties, whether buyer or seller
Gold, silver and nickel have all become
so highly appreciated that, in purchas
ing a cheap dinner or . cigar, yard o
cotton cloth, or such like articles, tn.
discount on dollar bill, or FIVE dolla
bill, is often greater than the value o
the article purchased, and hence the eel
Ter, in furnishing gold, silver or nicke
change, actually loses more than thu
value of the goods sold. The various
expedients adopted to otviate the diff
Guilty give almost as much annoyance q
the original trouble itself. The private
shinplas,er system is the worst. A per
} son NAV come down town in the morn
ing with Eve dollars in bills in his peck
ct, and, after making half dozen tr,fllnl
purchases, may find himself with lou
dollars Of shippIastere, which are worth
less except at the place where they wer,
issued, which we may not want to visi
again 10 a month. Postage stamps fo
change are also great annoyance, par
ticalsrly in these dog-days. "a they st;cl
tn tho 4 gers, 70 une portnonnale, ant
to everything, and quickly get tern
dirty, wasted, uncurrent and worthless
1t has been proposed that the city au
,horities issue paper change of the de
nominations Of ten, twenty-five and fifty
cents, which might be made UNIVERSAL,
cur'ent-in other wordr, sort Of lega
tender. It is said that the New Eug
land banks are preparing to issue bill
for twenty five and fifty cents; but they
could not supply US with this currency
even if we wanted it. Probably til,
best mode of relieving the difficulty Al
present is that adopted in some estab
lisbmerts on Broadway, namely, for tn.
storekeeper to charge the current prem
ium for specie when it is paid out, ant
allow the premium when specie is re
ceived. THIS mode also has its troubles
and 10 the daily fluctuations in the pric.
of gold, silver aud nickel, would neces
state good deal of sharp calculation
But, in lieu Of something better, it is tn,
mo t equi' able aud convenient way Of re
lieviug what, after all, is only tempo
rary annoyauce.-N. y Times.
THE SCARCITY OF CHANGE "A
SlNsELEss PANlc.-Tbe change panic
which has SO suddenly come over thi,
community, continues undated, and
apparently absorbs the entire attention
OF the people to the exclusion of the
war, the condition of tho army, The
new call for troops, the doings OF Con.
gress, or even the policy to be pursued
with regard to the negro. The food
OF manuscripts that has poured toto
this Office, containing suggestions, re.
concentrations and remonstrsnces. in