Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1863-02-09

direction OF MI. Braunhcb. Ihh VIII w sae
srsude,t affair svor witnessed In this city. ana
~ sdvi.. oil TO go They viii be richly .s-
q. ia for their trouble. Reserved sea's can b.
.,co, I'd al the Hail from 10 a. IN. to ~. m. and
from TO p m
The Wnr Against tho National Currency
Ers. p.nauaAr AND NEws -oi late maeh mas
et been said as 10 ths causes that nave "'
IA the almost ruinous depreciation oi our ma
,,ou.l currency. | shall resoIt to the low
,our.e nnr.osd by other luminous w,itsrs. IN
calling capitalis,s thievss. teg'sl",ofs f"ooera
IN. President and his Cabinet speeuia.ors. J
a, think such language is calculated 10 sa-
.auce the welfare OF our country. and J 10 os
n. .. IL snnghtena our people ss to the true
.,,., Of the evils comp aimed 81 shaii eho"
Tim, M . depreciation oil t.g,i lender notes F"
No, air, eutabls TO and eninatas from not e"s
,lv ..csr,. 'ocd causes. ,wt' That holy ae
~. ~ N. A veriean people to mako monss ?,
al al m, ,sns. lu 1852 the Congress o
the United stats passed. law authorizing
the ,..ue Of one h, udred and h''y millions u
,.o., ,.,a.r ,o,es. also tha, bonds be 's.usd t.
~. ..m. .moun, un nenehangeahle Tor te.a'
,.,a.r ,..ne, al IA bonds 10 draw Interest AZ
the rate OF 6 pr cent. pei ah'u'" P'y.'''
semi an nually In gold. twhsa you e'' "
Sigir
Further. that any petson prsssruhg - We
rreasursr Of tho United States one Thousand
Isl,. Inv lcpA
notes. should receive from ssid Treasurer CIV
thousand dollars Of the above bosde. more "
len, in lieu thereof. do not make the asser-
,ion. ani eha,l no. demonstrate, that tue aoovs
act Passed ! DO not presume In go'd saith y
con,ains not within itself the nucleus VI the
present depreciation.
Suuno.s MIR Il ID the ownef In lee ample o'
one thousand ooiiafs IN ,e,al lender notes. ~
!, not apparent 10 MI TINT It 10 blt. u q 'hts'
eat to talk loud and long alb a. old Cnhl,ns">
.l .cr,e,' IL IL mol 10 tho interest ai all OF
| ,osed 10 the A.min,stration. from whatever
cause. real or Imaginary, to shout tatfs'">
zane. bankruptcy nd rum
Itis no, TO the interest of all the TANKS "
| The free = wtes 10 prefer tue circulation OF '"',
| w, ,..nes 10 Tint of others In n word. II ~
/
love money--to get tha largest amount o' te-
al lander notes iur the least possible compsn'
! sation.
A the constant dropping OF rock wsa''
.wav III. hardest wster, go th. uneouhinc'
.Hrts OF tho lev has socesetsd IN placing 10.
v.l lender notes lar 0p IN the iint OF other o.
prse,ated currency. A. have stated, Mf
aud hs .h.tiors have continued Their cry
'Jest truc,ion and ruin" 70 loud aud 80 long
.ha, ahs mofe intelligent portion oi roeis'l
iy do not believe that tho disruption oi ou
rsA -omsnt aud lis ins itpiiobs are inssnsols
Cove. snece.d.d IL producing this 6aiJ"
Having Mr. B Starts td,J he start snsy :
Impression, board Of tiokefs. vhen. ~hf
70 The n.sr" collars In tsgsi lender aotes
his one .ho"ss". 'sssat rtiess two thoarnh'
he p"ichaseS u. " ..,p do isrs IN gold. on
three hundred s"" "b SSnga them tor the
he concludes aot TO exs' .ioo.d
o,r cent. hoUds shove men wil, n,...o,l,
Now, II figures do sSf ff. ~ n ara "a
| see Ia. motives that indnee '" ~,
coodiutors to .ry new tags. INV 90. nv"
.,ans. ,hu,: Principal Invested. one ,h""'
and dollars 10 legal lender notss aAi' pof
,b,.sd fer the ssme. two Thousand three hun
| t,.d and eighty dollars. The interest on TIM
! ~, ann. a. a per cent. per sBnrn. - "b'
! hunae.a and forty thousand dollars and
| A,h,y eents per aBnup. or fourteen hun
dr.d ,heusrnd 28-100 per cent per nhnnm.
F., Further. Abe above act. ss passed ny Gun
g,ess. declafes that this Id sbaiI be redeem
.hIs In legal lenders ut any time alter the *
! n,r.t,on ot five hu died years; shoula the got
he 90 redeemed the figures would sand thue
,ineiuaf invested one thousnnd dollars pLI.
cbssed t~o tbOu-and three hundred aud eigh'
~ dollars 10 gold. aud TO this tho interest o,
he amount for i've hundred years. and W.
have three millions and ninety four dCliars. -
Tab. f-o.n this lsst sun The original pniehas.
money aud We have two millions bihe thon-
aud niue hundred ard ninety -four doIisrs. o'
G.r L.nd, fd and 9ne uoiiays per cfntam pc,
annuo. on the original purchase money.
From the above IL will l." sesn by ever,
thinking man tat the cause of depreciation i,
not for want OF inability IN onr government.
but IL is s,ribntabls % the popular desire not
TO m ks money. though at the expense OF
ruth Justice aud patriotism. llnst the seducert
of our national currency would have ns not
believe our general government and iis insti.
,utions are or the high road 10 rGin. how 10 u
that thsss sane persons nre paying high pricef
and carefully boarding all the gold Of hsi'
ipd;eid,ai States Even the gold Of the State
Of Csl,forEis representing value crested IN
violation rf the Constitution 10 to day quoted
a, one hundred and fifty ELK cents on the dol
|
every nah OF uncommon common sense that
the arguments adduceJ by those interested 10
deprec,ating our currency are based upon N
ur.ly false premises such as that the shoie !.
| superior 10 part.
Agsin. . telegram from New York. dated
Feb 5th informs us that the Chamber OF Com
msrce Of that city has come 10 the rsscae oi
our National currency by passing . resolution
dsnouncing the efforts ot sscsssionists !" or any
other man" TO reduce the value II gold below
that Of our specie paying banks. Comment
on the above is msliiauous. II says not 10 the
people In go many word. "ths depreciation
Of gold 10 not due TO the wants Of stability t.
nav ell Just asb,s when due (our soldisrs for
iDstsnce) But IL does not sdmi. that fev
psrsops by their patriotic acts can enhance
or deprsciste the value. Not price Of our hard
metal. aud by 90 doing can pocket II smstt
enoueh) more or lsss-pripeipa'ly lsss-of the