Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1863-01-23
Tusxs seems to be no other prospect
.,,en that the country will BE- flooded

FRIDAY UOkNlNo.. ..........sA~. ~ Aooo
TueRs seems to be no other prospec
thsn that the country will BE- flooded
With Treasury Notes Of enc form o.
another ustil the trade and currency o
the country are revolutionized. Colo
has already reached nearly so per cent
premium; and if the issue Of Treasury
csrrency IL not checked we may, in
1868, see it at even 100 per cent. pre-
MUM. Ia that event prices must I'd
vance enormously, aud trade be conse
quently cripplec.-U. s. Economist.
Had We taken this extract from
democratic newspaper, or even from
neutral paper Of democratic proclivities
it would 1t once be charged upon a.
trsasonable emanation. But it comes
from . purely commercial paper-sec
ond to none in the United States, and
one that never was known to be identi
fed with politics 10 any respect. The
proposition is ~ plain ~ words car
make il. There 10 no other course left
for the government to adopt 10 carrying
on this war but to issue Treasury Notes,
or Government paper Of some kind
Its overwhelming issues reduces
it in value and advances the price OF all
kinds of goods. All articles of COM
mon consumption that are imported
must continue to rise oil goods Of do
nestic manufacture must take the same
course. No, because the imported
goods cost more Ut the first hands not
because tho tariff or excise taxes are
changed 1t al, but because Of the de.
probation in currency. The common
idea with customer when he buys .
pound Of tea at 81, or pound OF coffee
at SO cents, is that these articles have
advanced in valne-thst the prices in
China and Brazil have been advanced,
or that the tariff or excise tax has been
increased, or that something has hap
psned" TO make the price higher, that
ordinary people can't see. He don't
think tina. the green-back or the ordi-
nary bark note be hands over the coun-
ter has deprecated in value; his idea is
tha. the goods have "gone up though
be can. tell why. There 10 no reason
in the world why tea shonld be worth
10 money ~ per pound. 1t is not. The
same tea eighteen months ago was
worth. say so cents. There has been no
increase Of frst cost, or tariff or i'm
ports OF any kind that should raise it
higher than sl.20-nor has it actually
gone higher than that 6gure-for money.
But paper money has reduced in value
thirty, forty and Fifty per cent, which
brings us to say falsely that tea has
''gone up" to IL per pound
SO it is with all kin Is and grades OF
goods. The great food Of paper money
brings about depreciation, and i. is this
depreciation in funds that we call "ad-
rdncs an price Of articles that We pur-
chase. The greater the food of paper
money, the greater its depreciation. Add
i've or six hundred millions to the pre-
sent food, and the scale falls still lower
1t will not really advance the price o
articles Of consumption, that price i
liked but we call it 80 because we ar,
10 the habit of doing it-not becaus,
there is any logical reason for it.
The greater the depreciation OF cur
rency the more our commerce will b
crippled. We have been At war opI,
about two years. We have not We
seen its worst effects upon trade. Their,
are those who think it will close With,
the next six months, and tina. trade will
Immediately settle back into its accus
toned channels. Let no man SO do
ceise himself. This war is not opc.hal
way through with, nor have the peopI,
is''iy begun to feel it's influence upo,
trade and commerce Our advice I,
those who can do SO is to buy fabric
ana groceries for family consump,io,
no'o-before the prices advance farthe,
1t viii be better than money at in,eres,
better than any class of currency tha
now circulates.
A BILL has passed the Senate, which
should it become a law, cannot fail /,
prove beneficial to the discipline Of the
army. 1t forfeits the pay of all officer
VINO are absent for more than th;r,,