Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1864-03-26

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A earnest word q w6Rnibg" 10 the
rsnDkS61lvllhg sdfkida Ah6ihs ny shsq
pet organ Of The Seward republicans
lcs On article in il Saturday. i'sue'
vhi(h guutbs Qyplpein Of alarm in re-
Ma Is ~ National Finances. The
- .e1ieeehle Ieetnss.ef-A ha.Astis'A ~
che seriousness Of il tone. The author
10 aetsally horriasd - he contemplate
the ''drsadfal abyss ca latissal Ank-
ruptey which is yswait -widA PEN
just little in adsq lsNof - satll
standpoint; hs ssss u ctossi6g his path.
way aod extending 10 opposite directions
20 the horizon on either side; and he
49, no xaEte get Aaenad pr oyeajksss
ptine TT in ldcsid lie 5xpSdl)e1
4 . sys4N gsslsdS5 S1omy -
1pnditS xA11h all yislA in sayis
some Five Hundred Millions Of dollars
year !-SoAs IAors are stated in this
article which the public would do well
70 heed-yAors which stated os<high
Republican authority may secure the at.
tsntion of some who have not needed
them when stated BY this paper. Thyfe
are some yALLAc1Es in the article which
the great msss of the people are inter-.
ested in having exposed. One Of the
1Aors referred to il stated in the follow
iag extras: 80 ssN A
= Il must. be remembered Nat 10 ~ N
q debt for the s1psAdituess of thh VA
every individual man, woman and
child Of the whole community. 1t is not
the Government which il paying, but
sss, the people. For every dolhr-or, 10
other words, for every days isbor-di-
verted to this war, and, in great part,
seaseed, in an economical point Of viss.
We must each Of us pay in full, or at
least pay its interest, if we lay it on the
future. We cannot escape this. All
the Treasurers in the world cannot make
money.
AZ thst ~ been said ovQr, and over,
d vlf og&pia thess .cdunns- sx-
plelisd, ILLUSTRATED snf@osd. Il any
RSpublicas wants asotorty for, ths very
simple proportions there laid down, he
has it.
Here is another FACT. The 1tssss
after dwelling upon the unprecedented
extravaganza Of living which has charac-
tsrized the last two years, proceeds to
to say:
Unless the people shall see the folly
sud wrong Of this extravaganza; unless
Congress shall still further check the
national wastefulness By severe and
heavy taxation, zoe drsft inevitably to.
ssara a dreadful abyss. LET us BIZ
wARHsD IN TIME.
+"1n time!" Are you quite sure it il
not already "too latel Z" Is 1t by any
means certain that we can change the
course Of things 20 a. to avoid the dread
ful abyss9 We are aware that thu
Prince of solemn numbugs, Secretary
Seward, told rs in bis Auburn speech, I
few months ago, that there is not an in.
dividual in the Northern States who ii
not richer in contequence Of this war. :
But we also know that he uttered o.
untruth quite as absurd and ridiculous
- it is brazen and stupeuduoue; aud w
said 20 ct the time. Now his own news
paper organ gives the lie to his solemr
uttersnces on that occasion as fatty n
We did and even more circumstaptially
1--WE are oil in debt for the expenditures
Of this war;" says the Times in undis-
guised alarm. We drift inevitably to
ward dreadful abyss" says tho same
frightened Journalist. But if every man
woman and child 10 richer in Consequence,
of this war, Mr.. Stewards friends au6
sdmirsrs should respond "drift away; th,
dreadful abyss is oil moonshine; it il
only ansias Of eehaustless cealsh, which
you have mistaken in your fright for :,
dreadful abyss'-wHo's AFRA,Dr Bu
let US leave Mr.. Seward and his conf.
Dental organist to explain these triAine
discrepancies, while we 60 along.
One Of the fallacies at which We vii
barely glance in passing, il stated in tn.
following:
This nation could bear . debt of fv,
thousand nilli0ns of dollars, and event
aally, with our enormous production
sweep it of, provided We acted under it
- ~ should if it were % individsal
debt-that il, If No economical to the
utmost degree.
Here the editor seems to be desiroul
Of ts'";'iorisoig the public with N over.
'hsdowing Public Debt Of Five Thou
sand Millions Of Dollars-or about ON
Asft6s ossosns Of tie vol,.e Of all til
property Of the Free ISsasss. That il the
truly sdfesdtul abyss" spoken of in the
preceding ~traet. The fallacy Of tn.
paragraph censists in the assumption