Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-02

1l0C00AooF ~ - IA -.
We nust pay = W The sst car
sying On this waeand h gos |nmsaA h..
inasasing The volume Of currency, must bs
absndsnsd, end the currsnt expenses-whe-
tkwSks uun b one miiiion or I'VE million
4 1EaIp9 dat Lhnst " INST By sAzA'
~ ID, ays one, Ne ore unable 70 psy
speA, buPassaeps tases - those would be.
~ ~; G.ki ~ AZ unable to have
M - euf hsnds, and IT, We are too poor "
~ Tor Il, and keep the country of from
breakers, let peace be declared 1t once
The loss Of . part of our celntry would b
infinitely more desirable II - disaster thal
would min the wholes Tire !. no man q
common sense or ordinary providence, but
Il beginning to be alarmed At our enormous
and apparently never ending national ex-
penditures, and At the gigantic debt which
IL being pilsd up without any provision for
its ultiinste payment They see that IN
public affairs Il Is a with privste, that Inn
providence Is in proportion TO the facilities
for running in debt; that the privat.' indi
vidual who runs recklcssly into debt, with
out making provision for payment at some
day, will soon find it .beyoud his po'ser to
pay, even if the disposition to do SO re-
mains, and that the same principle applies
to public bodies, whether corporate OF na-'
tional. Further, the public are beginning
to recognize the established rule, that the
party, whether an individual or a govern
ment, which runs its credit too far, is made
to pay enhanced prices for everything it
buys on credit, and that therefore, however
cons& sient It my be 10 be credited, It is far
from sso,sossicah A very general apprehcn-
sion trsy6us hit al the illusosy show Of
prosperity which prevails under the high
pressure system of an inflated currency,
which has been made to usurp the place Of
coin or coin standard, will be succeeded,
at no very distant period, by a crushing
collapse, which must bring financial ruin to
the country.
There is but one true policy to adopt to
stop this the unlimited system Of credi
which now prcvails-and that is to pay
ca'h. Pay as you go, and go no further
than you can pay. A national debt is said
to be national blessing; but ours is sufiici-
entity lasge 70 do all the "blessing' this
country will want for centuries to come
and that being provided for let US adopt the
cash system at once. This can only be done
by Increased and direct taration To this it
must come at last if the country is saved
from financial ruin, and il may as well be
begun now as to wait and further increase
the burdens under which even now we stag.
ger.
Let taxation come It will open the eyes
Of the people it viii cause them to apprc.
ciate the magnitude and tremendous char.
acter Of the war in which we are engaged
They have paid nothing-comparativel,
nothing-for it yet, and consequently know
nothing Of the burden. Let us pay as We
90. This system will put an end to the ru
nous luxury that prevails in the upper
classes. Let them be made to see that il
will take al their surplus funds to pay tax
cs, and reckless extravaganza will be short
er by one head. Another thing Such
taxation will bring the people to see that
war is too costly a'luxury for them to in
dulge in, and they will at once demand su-
perior order Of craftsmanship and vigor on
the part of the government for an carly ter
mination Of the calamity. There will no
longer be - much willingness may. anxi-
ETY. to have the war prolonged indefinitely
that untold wealth may be accumulated by
Unsuitable shoddyites and others who are
basking in official patronage. There let tax
alton such as never before touched the peck
cts Of any people, be introduced and let us
pay our exp enses Is we 60.