Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1864-01-09

ID. N. RICH WUsONs ssse
SATURDAY svEHisO. .JAn. , 1874
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r.. N.uo..s psb4.-. re oss.ss u
G,catsst D9ssss.
Some to years $50 R. }. Walker, *.
Secretary Of the Treasury, and now m
ardent administration man. published ."
sla ossts article on ous national On 'nc's
which our republican friends would do
wei 10 re.,cad. The folowiog 10 aoex
tract:
: 4 Oar national finances are involved IN
cxt,c no peril. Our public debt exceeds
e72O,Ooo,O oO, and is estimated by the
Secretary OF the Treasury. IN the 1t OF
July next. st$l .O22. 270. 40s. end on tho
lst Of JUL. 1864. ~ Sl,744, 6S5 $50. :
When zoe reflect that the Is nearly
ons.hal( tho debs Of Engiano, and bar
ing na0s. oo.Oe The rate OF interest, 1t
IL .ieor Mot zoe are approaching a faf"t
cofastrophe. Nor il this the mot alarm
ing sympt m Gold nov Commands
premiun, OF thirty tws per cent. rs com
pared With legal tender treasury note,
and with largely augmented issnes,
mnst rise much Higher, Win CORES
ponding increase Of our debt and expen-
di,urcs.
Indeed, should the soar continue, and
there he no other alternative than add
tionoi treasury notes. they wiU, b.fore
tie close If Me merit fiscal yeor. fail 10
command forty cents o" the dollar in
gold, and our Debt exc.el seuer0i billions
Of doilars. THIS would result from n"
i'm ncnss redundancy and dep. eciatio"
OF currenov, and from the alarm created
here and ia Europe rs to the maintain
ance OF the Union, and the ultimate sol
vcDcy OF The government. Indeed, our
enemies at home and abroad, the rebels
and their allies in the North ard in Eu-
rope, already announce impending ma
tlonsl bankup'cy and Reputation, and
there are any devoted patriots who
fear such aca,astrophc.
That the danger Is imminent IS n
trnt, ,yhich must no, be dsgu'sed -
HIRE lies The great peril ofMe gorern-
mtnt his mt tie rebel armies that co,,
eyer ooerM on The Union. IL ~ III
alarming increase of the public DEBT ana
expenditures, and Tie still more oppaR
ing depreciation Of The national curren-
cy, Mat most 'n'perit Tie greo. pubtic.
IL snott or place he SAVE:
On also with the necessary measures
in Conyres, t. save our finances from ru
IN, TEST he Depreciation Of cur ma
tional currency, an! ,ciorc the pubI c
credit. We are upon he terg, NJ rum
Ne re hmgi"g Deer lie gatf If ." a.
yefeem ,bie poi'er system. and as spec
IT. ,h'nie, reprditi.m, is seen dimiy IN
The dnk ,thyS The prtsnt Cong'e..
may save H. bu. what vi The mex
Wonld they. It they could Who ear
answer! C.n they, il they wonli? N,
no! IL viii then be too late. Never
did anv rerrcscn,tlvc ass, ,nbly ,ncoir =
ter s. fearful respons hi ity as til.
pr sent C,ugress.
The Dot has gro~n foster than Mr.
Walker anticipated. Yet tia, Pine,
OF De'nasosn"s, Secretary Seward, men
dsciously aud f,olisbly sv,r, that euery
maa Of the N rtl is richer in cons.
quencc # the war Senator IIal. tax
q Gri6e-for it were an abuse If terms
to call i a fee -oi 50 900 to get pl IN
deter Of the Public Treasury ont Of
piison-thus illustrating the truth Of
bis own declaration that the nation Is
IN great peril from the public plumber
esth,n from the rebel armies. But
these men are Loyal Leaguers," they
give the government = "prac,ical sup.
por )" and of course VIC "copperh eads'
and "trait,rs" have no right to find
FAINT at least "no right which BLACK
Republican is bound to respect!
1MponTANr DECISION OF the New
YORK CouRr OF AppxALs.-The Cou,,
Of Appeals (.ays the Albany Argus) ba,
dec ded IN the case of the Bank OF
America against the Commissioner O.
Tex s of New York, that so much Of
the capital as is invested in the new
stocks OF the United States il exemp,
from taxa'ion-thus su.t,ining the law
Of Congfess and the decis'on Of the vi
ted States Court TO that effect.
THE Tenn TsAlroR DErlNED.-Beu.
iimlu Wade, said, in his place in the
United States Senate, that the man who
'qnotcs the Constitution in this crisis is
aTraitor" DAnid Webster said
The Constitution Of the United
States as q ,crit,en instrument, a rero,-
del FUNDAMENTAL Law i,
Is The bond, tn ONLY BOND or
TifE UNION OF the SUITES At i,
all that gives as national character.
A SucCEssFUL DRAFr.-Tne Second
Congressional Dir ct OF Rhode Island
is sad to have furnished larger pro-
portion OF men under The last draft thai
any her in the United States. The
qro.a was 900, and ASS men were OBJ