Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1863-01-20

TnE GAzGrfE in tho great abundance
that Green backs constitute the true standard
OF valne, and that they are not at discouut
quoieS Demand Notes as heinz worth 81 go
on 80 cents premium. THE ia within aix or
seven cent? Of The value of gold Why are
these demand notes 40 nearly MP 10 the metal-
Ia standard simply THE There wero ha,
$40. 600 600 Of them ssusl At ihe
outset, and these were made by fpeeil enact.
10 eni, reetituble for customs. No othor atvls
Of 'erccn back is Beng recetsvabla ior
customs they afs worth neatly a. much ns
rold Int theY ate very searee. oi tia ol.
iginal amount i.aued there are ouly abou,
eiaht or ten millions lett ard noon ther, vilf
be none at ail--ths entire amount having been
bought ur and paying customs. which vii
tais exception. are payable 10 coin, aoid,
alone, reaiesents the true rtandsIe q value
The nearer paper 70 brought to that aaniel1
bY making IL redeemshls In coin. q
Nv maki,g \. receivable for something which
ordinarily takes go!d TO buy, the moro yalua-
tie il heecmce. W. admit nll ihat il said
ahoat tie value oil Demand hotes--they are
worth ST 40; What IN I '6feenhaeks hnt
l. 10 say DamanI No,ea arc not worth only
about gs cents on tho dollar as compared
With gol 4 at its PAR value. aud the ordinary
elass OF green backs' ate worth 10 per cent
less. which brirgs t.eir real value down to 58
cents on tie do lar. lie Ge4,tte hdmis The
worthless tendency oi glsehhn,k 10" IL
own pc, iilogiuR. geld dollar "a worth no
more to-day than il was two years ago u
has fxsd value. accepted by all the eom'
mefcia powers OF the earth. which cannot be
sweryel merchant who buys his stock OF
goods in Aew York to-day a'd Ihya
FOR It In eoil. gets iotty ssyen ter
oeat. more goa1s than io can with green
baeks' representing as large an ameunt AZ be
has IN god
The Issuing Of three hundred miious rore
II the green baek trash will not tiiaet the
price o. gold any more than II there hdo
none been issued ~ all 1t only ltdncss the
vaiue of the rreuubhek fzmi!y lheegh
.he eomhinod talent oi oil the wild eet bnhk-
era Of the nniyefaa were turned 10 iloodli g
this country with paper mouey-and though
tty bilious were turned in upon " 1t
would not alter The fixed vaiae OF gold. The
s.ne u the case with the Govarninsnt Ia
-as,. 1As greater the suprY the lower tie
price Could we create gold as We do paper
il would beeonc W r,bicss. Bat the .up~
nv may he said to ho unchanged through
apes. Hence il does not huctaale. No
amount Of sorhi.iry will ever mako gold
more or lees valuable, While on the olher
hand, nopor money that does nol Immediately
reDresont gold always has downward ten.
dencv. hon the editor OF the Gfzette gocs
out Go buy a 500 Demand Note lsi him take
along $40 ia "gr oubacts" Both c'As "a 81
money have the same actual hesie-~but that
mekesLo difference IL viii take the latter
cum to Luy the former, for roa soma already
stated. Ii creditor Genes 10 pay him deht
OF $40. he Will take 800. 10 oriieery green
backs." or II the creditor haa .i00-do!lnr
pepsnd Grsenback" hs viii take that and
call it even. So itg9es the line is fixed md
uo men c4n Jump II though DO strives never
- pluah.