Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-04-26

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psrson was allowed ~ lay in : supply for
more than = month and those who sold or
fought Il y prizes above the ssoximsa. o.
usde false declarations were to be punished
With conHscation and fine Of 800 to 900
francs. Domicilcry visits were ordered TO
ascertain the truth.
Here follows picture Of Paris under its
additional municipal regulations.
aa W. Asve ~ - wlae Av~dgesyvWesel y.
borious to itself and vexatious TO those fer
whom il lcgislAtcs. government Is doomed
- soon sestHts ca'atpA 10 see To everything,
Hbscgulak cvsytllhg, Rut in this situa.
- each lrcliiAslnncc Was the result oi
a,wolacr Dc Dfvcd currency Of the as
signants lead 10 the forcing & sales. the fore
ing II prices the forcing even Of the quaint
~, the hour, thu mode If purchases inc
las, fact resulted fiu,u the first, and the first
had been inevitable like the revolution IT.
self fss-fI
To these NacAsurs for supporting paper
nes,ry wvsv xddsd other. After DESTROYING
the r..xly hctvecn the old contract of tile
State and thu Of the assignsts with the roy.
al csiiry. il became necessary to destroy the
rivalry Of the shares in the financial COM
pani.s \ decree was therefore passed
al.slisling the life insurance company, the
tyap,gnie de II co;sse deecomptes, and in
short all those whose funds consisted in
shares payable to bearer, in negotiable Ct
fccts Or Inscriptions transferable at pleasure.
II wis decided tlmt they should wind up
their accounts within short period, and
| that in future the Government alone should
have right to establish institutions Of that
kind.
| This is like Chasc's war upon Local
Banks. II was supported by stringent
measures against spectators in specie
more Intense than the present Senate
BIN.
The compensation made for offices, the
payment for the large supplies furnished to
the State for the War Department, etc, had
produced great accumulation Of capital in
certain hands. The war and the fear of q
terrible revolution had interrupted many
commercial operations, and further increased
the mass Of stagnant capitals that wer,
seeking securities These capitals were EN-
ployed in spcculations at the stock exchang,
Of Paris and were converted alternately in
to gold, silver, merchandise, bills of OK
change, company shares, old government
| 81 u Chs,f ..1l &c ts,.et L.,
gan IT the Exchange with reference to spc
Gle and to all movable values. 1t tool
place afterwards with reference to commodi
ties which rose in price in the shops, and il
the markets. The difference pronounced a
the Exchange was not felt in other places
until after longer or shorter time, thu
when the five franc assignat was worth n,
more than two francs at the Exchange, i
was passing for three in the markets, an,
the stockholders had sufficient time TO
specializing. Having their capitals quit
ready they procured specie before the rise
as soon as it had risen in comparison will
assignats they exchanged it for the latter
they had Of course Il greater quantity an,
as merchandise had not yet had time to ris
too with this greater quantity of mcrchan
die, and sold it again when the balance be
tween them was restored
Their part had consisted in holding casl
or merchandise, while one or the other ros
III reference assgnat 1t was, therefore
the constant profit Of the rise OF everything
in comparison with the assignat which the
had made, and it was natural that the
should be grudgcd this profit invariabl
founded on "a public calamity. Their sped
ulation extended to the variation of a
kinds Of securities, such as foreign papc,
company shares, &c. They profited by a
the accidents that could produce these flu,
tations-a defeat, II motion, a false report
They formed very considerable class
Among them were included foreign banker,
contractort, usurcrs, ancient priests Brook
Iyn clcrgymen) mobiles. revolutionary up
starts and certain deputies, who, to tn
honor of the Convention, were but fivc o
SIX, and who possessed the periidio,is I'd
vantage of contributing to the fluctition Q
securities by scasonablc notions
We can employ no more vigorous legisla
tive measures than those above, so inctlect
ually used, to prop our falling currency
Even Secy. Chase, while urging their en-
plovmcnt declares such efforts to be IN
arailiny without taxation, and taxation un
awaiting without military success. Then o.
with the war for its legitimate object. tn
disorganization of the forces of the Rebel
lion, and lay at once npon the shoulders @
the people the heavy burden of tax whic1
they must eventually sustain. and whcl
they arc enlightened and patriotic enough
to bear, ccare strangling the resources o
the nation by the enid, paralyzing folds q
despoiic restrictions.
A NEGio ELEcrED--Thc abolitionists O
Wayne township, kosciaisko county. Ind
in which the town Of Warsaw is situated
elected negro barber Supervisor on Mon
day last. says the Fort Wayne Times, an,
we ask why should they not? The Admin
istration has commenced making commits
stoned officers in the United States Army o
the same dusky individuals. Are the whit
men Of Warsaw, who, while working tn
roads, will have to obey their negro Super
visor, any better than the white soldier
who will have to salute old Abe's darl
skinned minions'as their superiors in ranks
I-Lat"yette 1ryus.
When man discovers an oil well upo,
his premises in these days, his fortune i
made. Witness these prices recently pal,
to farmers in Western PENNSYLVANIA =
| Among the sales recently made are thu Per