Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-12-06


1 - :. !.
spanne n. ~ = ,sssas ~ national
~. 49, -, "A ss..,. .,,sss ~. ~s..Tsy
6osds q Is Onited 49, - nav rs,.i n
~ 9rsassae nodssaai0a ana ngvdese ~
tn hw muse b sigldly ssl6tcsd whcu Rs
limits ~ exceeded. We may each one or
us counsel our acstve and entesprising coun-
trymen g e constantly on their guard 70
hqeloe.e ceoo oons.Ieu onQer spper cur
Iensy , nrr = c ssns., Co..nss. = nearly =
ssS cs.s,a. - =, h,,a - ~ menu . 81
Slto rrfufrf "a ~ sesndsfd ~ ma ~ ~.
yer. IL aid our fellow. citisens in Aha nrn.
l.nt managemcnt Of their mouetary affairs
the duty devolves on Us 70 diminish BY law
the amount OF psper money now in circula
ton. rive years ago the bank note circula-
tion 9! sne cOu ~; ~, amounted 70 NOT much
n ps . .md N Svw no. .le c'lcu.at,on,
:,i; hi. 80 srsa .;.s..,,s ..U.. - ~ i.
rscommepas more = rorsi~ ~. an - ",nssss
II nina c,nll d the ncc..s;ev n cmr =.
straininp this exnansion
The Gradual reduction Of thu cur.
rency % the only measure that can save the
business of the country from disastrous q
lamity. ard this can 30 slmost impercepti.
bly accom- pljyhed bv gradually fundinr the
national circulation IN v.eur;iies ehas nv
be made rcdeemable at the pleasure Of the
Government. Our debt il douhlv secure.
first in the actual ve.lth and et,ii greater
undeveloped resources az the co,ntrv. and
next in the character ar o,,r ;n.t;tnt;or.
The most n. sll;.ent ohssrv.r. .,,oo., ,oi;..
ical economics hsve nj f.;i.d ~ ,s,,s.L
that ia rvhI;c An. of ...,.ss. :. 80. -
nronort;or . ;,s rscni. 80 &C. "a ~. -.
iehs ~ : Ren-hi;r !. ~ go. 80 ~ ~. 49,
h;.tc-v co,,s,r. "a ..s.,:"S s 81 ~
and is. I firmly believe. destined tn Give
i . still more signal illustration.
The secret Of this superiority springs not
merely from the fact that in republic the
national obligations are distributed more
widely through countless number in all
classes Of society; it has its root in the char
acter ofour laws. During the war, under
the impulses Of patriotism the men Of the
great body OF the people, without regard to
their own comparative want Of wealth,
| thrOnged to our armies and filed our fleets
Of war and held themselves ready to offer
their lives for the public good. Now in their
turn. the property and income Of the conn.
try should bear their iust propor,;on Of the
burden oftnxation while in our import ava
TEN. through means Of which increas, d Vi
ta,ity is incidentally imported "a III The n.
dusirial interests vi the nation the dm,;.s
shonld be 40 adjusted q 10 f.ll most heav;.
" on articles OF luxury. leaving necesssr;es
ar life as free from l. xat,on =. the .h.oln,a
want Of the Government. economicallv Nd.
ministered. viii Justify. No favor,te class
should demand freedom from assessment.
and the taxes should Be 40 distributed "a
not not to fall undulv on the moor. hut rath.
or on the accumulated wealth of the country
the NATIONAL DEBT.
We should look At the national debt iust "a
it ia. not a. 4 national blessing but A eayy
burden on the industrv Of the conntrv
to be discharged without unnecessary delav'
II is estimated by the Secretary Of In.
Treasury that the expenditures for the Az.
cal year ending the sOth OF June 1864 will
exceed the receipts xll2.194.947. II is
gratifying howevcr TO stale that 4 "a Also
estimsteti that the revenue for the wear
ending the 3Oth Of .Jnne 1867 will exceed
the expenditures in the sum Of 81 49,, 1913.
This amount or as much as may DC deemed
sufficient for the purpose may be applied
to the reduction Of the public debt, which
on the 31st day of October 1866 was
81, 4O8. 547,5O. Every reduction will
diminish the total amount Of interest
to be paid, and SO enlarge the means Of still
further reduction, until the whole shall be
liQuidated.
The Department Of Agriculture, under
its present direction, is accomplishing much
in developing and utilizing the vast agricul
tural capacities Of the country; and for in
formation respecting the details of its man
agement, reference is made to the annual re-
port Of the Commissioner
~. ..
-.
! nave dwelt tnus iuEy on our domestic
ana''s' pecsuse VI 'ne'r transcehoeht import
s"ce. U"ue' ."y circumstances our great
e"'e"' VI 'e'rto!J anu variety OF clhhate,
producing a'niost everything tnat Is necos-
ssly LOT Tue wants. anu even the comforts
=, ".', '..Ne =: s'"s".sry "uepcnueht 9!
ue s.'yms po"cy VI lo'e'en powers aho
p'o'e.'s Us "sa",s every 'enptat'oh 70 en-
.s"s""e an'a".cs "n'e ~ 'ne present
go, 49," ...s.a,h 49,. 80 - . a'"oy'
viii h, our hes, sccn,;tv .os;nst TO- n ,,,1'
~ha ;aoor. 80 &C.,, H;. Is 1s . n.uons
;. - 81 5. Ii, wi ~! se"'
- ,.,oa.o,.. ,aaoa 49,, 49,, - ., r :".'
| nation, .rJ .,nsv.~. ecJ 4 h.c.
son ~ ho,;av,, ,h., ,ho. ~ 49,. ~. -.
i'm orr .n;,n,,od ~, 10 s.'n" ." S;s. e~.p
Onr mi. u, ne With ~. rmmn.,s sr Co."
50 r.c.n, in ,h.;r o,;.;, .ra mos, r.;a,.n,'. '
o.,r oo,,,...-ca ,,,;.,. H.. dn..,;..;-. :.
inc nov deve,onmer, and !, - v.r. ,,la;,,,,.
N ho coon ,h.t ,ha Gover,,nan. r. -,
ore.t Emn;re ,n,n;r.sts .at;sf.c,;on 9TH oa.
nol;cy .nd renoses inst cons;dsnco ~ ~
fs;rn... ~h;ch nal o,r ;n,.rcn,,rs. rhe
.,nhroEer h.rmorv h.,-aon IN. n.;..S
ates and the Emperor Of Russia is receiv
my "e" suPPo'; 'lo', =" enterprise ue
signed 70 carry te'egrsthic lines across the
continent Of ASA, through his dominlons,
and so to connect US with all Europe hy
new channel Vi intercourse. Our commerce
with South America is about to receive en-
enlargement by direct line Of mail steam
era to the rising empire Of Braxil-
The distinguished n.rtv Of mon