Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-08-13

TuE Radicals are rejoicing over the result
II the election in Tennessee. while they
make wry faces over the election in Ken
sucky. Their JOY in the ohc case and Their
chagrin in tho other is easily accounted for.
In Tennessee it was Brownlow's militia pre-.
venting IL free expression OF the peoples
will. while in kentucky no armed forccs pre-.
vented legal voting.
who i8cpsdiMses Sisecnbmcks?
Some years ago Judge Sharswood deciucd
but was ovcrruied by his Radical col
leagues) that grcenbaoks were not legal ten
der for liie interest on "a ground rent mort
gage given IN 1882, which stipulated for
payment IN Spanish milled dollars by
weight. lie held tina, ~grcenbAcks were .
legal tender for payment OF the mortgage
but ,ot for the inteeest. This the Radics,
organs denominate "A fatal blow ut the law
tut currency. ~ stab al the government
IAN attca,pt 10 depreclste gteenbacks," DC.
Turning TO the greonbacks of the greens
back currency ui any Denomination, we find
the following inscription:
TINS note II "A legal tender for oil debts,
public and private, crcept DUTIES On IMPORTS
AND INTEREST On THE PUBLIC pKBr, and Is rev
celvaDle in payment OF oil loans made to the
United states."
What is tins but a fatal blow at green
backs" aud IAN attempt TO deprec,ate the
currency" Ii the %gsesnback currency Is
good enough for oil debts, public and ps,>
va,e," why NOS for imports and interest
upon the public dsbty
Turning to the notes Of the national
banks. Of which there are about three nun
dsed million Of dollars in circulation, We find
the following inscription:
"This note 10 received ct par in oil parts
Of The United states in payment Of all taxes
aud oil other duties to the United 81 ates, er,
ctpt duties on imports, and also for all sal
AREA aud other debts and demands owing
BY the United States 10 individuals, corpor>
atoms aud associations within the United
States escept interest on the public dsJt.
Here is the same declaration Of interiors
Wy Of the paper issue-anothes "attempt TO
dspreclstc the currency"
The Radical Congress which passed the
.sntack and national bank acts placed
no OF the other Of the above clauses Of the
acts upon the back OF every note. By,so
doing the Radicals in Congress held out .
gold interest - On inducement ~for.capital>
ists 10 take the government loans, thereby
declaring from the start that the ereenback
currency Was inferior 20 coin in value. BY
declaring that not paper issue, either green
backs or noti0nal bank notes, would be rc>
ceivable % . legal tender for import duties
the Radical Congress admitted, by implica.
tion, that the paper currency was not equiv>
alent in value 70 coin. II grcenbacks and
gold were OF equal value, there would be no
occasion to prohibit the receipt OF green
backs for duties. for GOLD would be as read
lily rendered as paper. The Radicals in
Congress know. however. that their greens
back currency would never be receivable ty
the people at par, hence, when they held
out the geld interest rs an inducement for
capitalists 90 lend their money, they we're
compelled to repudiate thoir own rag cur
rency in the matter Of imports in order to
get gold enough TO pay the coin interest up
on their immense squAnderings.-Hdrris.
bury Pasrict.
OSE may gain a slight idea Of the cost OF
Radical misgovernment by the following
paragraph A handsome sui, Of clothes in
London costs from $l5 90 S25. A man may
dress well enough, hat and boots included.
for IS l4s-$ls. An Englishman adds the
duties, but he cannot figure up tie cost in
America. Soa lady buys an elegant ak
dress for $5 to $l5, and canno, account for
the prices she hears her American friends
talk about. You can buy twelve bottles
Of fne brandy in Canada for -; Jamaica
run and Holland gin At so cents . bottle f;
Scotch whisky At 70 cents a jug--poteen q
81 /; English pickles ~ 25 cents . jar the
finest tss u 81 . pound and you can board
q : good hotel for a. 90 : week. But
thea they have not the luxury Of being ruled
BY . Radical Abolition party.
Ice lroa sho Alps for General
supply.
A companx haa hesn formed in France