Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-03-13
Erpud1nsfOn.


Gcpud1nsicn.
The principal ~ no part OF the funded
: t saw, the 10 40 five per cent. loan. is
,,,c,ally made pa, able III gold. No provis-
IN j. contained either In the law of IN the
on,ract. as to the currency IN which the
,,,er bonds are TO be paid. Laws ~ 1862
hap,er 10, =. - The p"inc'pal, therefore.
,,nid IN whichever class oil legal tender
h, payer pF,ie~s. The whole funded debt,
,c.pl the Skies Of 1881, and the lo-aes
,e,uin.s PAYABLE at the option o. the 6ov>
.,n,n.,.t, ia ~ before tho wear 1873 ASH
sutu,ts Il ought 10 be paid n eres"tac"
rhe curvenc, 20 make these psyusehss
could De obssinsd, II necessary, tvdJ ree We
Of The printing yress Government "ou'd
,h.n T.. m a eondi,icu 10 make 10 Own
terms Two courses would 10 open Eish-
~ q, fund the notes, at their current value
co,d. into . bond Tearing, hse per cent. IN.
:. ,.,, :. or 10 fund them, ~ their fsce value. |
mo /. ,h,es pr cent. bond, payable, inisr> |
.s, as we'll Is principal. in coin."
The above precious paragraph 10 from the
Chicago Tribune. Our readers probably DO
no, need to be told that the Chicago 7r'c'
uns is . Radical journal Of the most ul'r"
character. They do not need 10 he told' Also
that the Radicals went into the last T'es'
Dental election pledged against rePud'a"o"'
which they charged was IN con'e"'P'.'
be he ID mocrats We intIma'eh ~ 'nc
,,.a ,ba, # ever the idea Of reputation
shcnld he advanced II would come from the
rsrlY II false lretsnces. The result mas
insufl, d the prediction. and to day We have
a Radical Journal u the character ana stand
ny Of the Chicago Tribune openly advo-
Eating his infamous doctrine under the
.r.cious ruise o. paying the debt. whlthe
further issue u mn irresponsible currency
that 10 without basis and for the redemption
Of which no mesns can be provided. satisfy
The creditors Of The nationi The free use
Of the printing press suggested BY the Chr
cago Tribune may supply the sreenbaeks ;"
unlimited quantity. hut Il cannot reduce inc
ns,ionai debt except BY the process Of rep"-
distior. for tha, IL what the expansion 81
The currency amounts 10 and nothing else.
No .ophism can alter this fact. green
back has no real value except the Z. ..
Treasurer contains the gold 70 redeem IT.
We may print she one but We cannot man.
ussctusc the other. To render the press
available in the creation Of ,nooey &c must
also discover the process Of tsansmutation
and apply IL to the basss menssls. 20 that
the notes may DO redeemed ~ fast ~ issued
aud then ths financial millennium will have
come. But while the gold can not be supp
pl,c.i the nation 10 best without an additios
10 the currency. We have enough aud 4
apatS already aud need no more. Strange
% i, may seem. however, one Of the lows
il 0ationiSts, in Congress, asked leave u
amend the currency act with the view "a
flooding the country with the trash in al
d.rec ions. Now how much more valuable,
We beg leave TO ask, than the currency Of
the late q. 8. A., will be the currency Of the
Cnitcd States IL the idea Of the intiationisti
4, wrfected, Every one knows how the
Iun'cdc,ate "b!u,backs' were redeemed
esety cnc knows how the Cont,nenta, pa
per money ISSUED during the Revolution
waa redeemed, every one knows how IN
French signa,s (Which were of tie sam
nature as our currency were redeemed
aud from this know ledge every one ma,
form pretty correct estimate Of how ou
currency VIII be redeemed II We 90 on Gro
ating u 20 the extent that can be accom-
plishcl by the free use of the printing press
\ ittle may lac redeemed without muct
trouble. but create large amount and W
shal nevr, redeem it, for each addition L
the fund reduces the gold value Of each pm
pcs dollar and il will only need that We hAv'
enough oG the xtuu to make its value alto
gethcr nominal and In reality only equal 4
ts worth No waste paper And II that Is no
reputation pray tell us what TO cali it
Tx Springfield Republican says, eth
Republican mctabcrs Of the House frou
Ohio mus, have WINGED a little, il they hav'
any moral srnsbility left, when their cop
peiheAd associate, LoBloui, boosted Of tn
refusal oi the OHIO Legislature to vote lo
equal suffrage ~ ;hst State, and congratu
lated The b ,uecrats that their course oI
,his question had thus lcen Endorsed by th
great Republican state of Ohio. There |
no 10 sing the peint OF this satire, aud W
Aai'c the Democrats will keep u up TIL the,
Susan. The Republicans into something Ink
consistency with their own profcssed prIn
sil',s. Trey expose them selves 10 tho re
ee>, AIMED II the 'scribes. lha'isees, hypo
cri : :; ,hey lay BURDENS on their men'
shoulders that they themselves will not 8
much ms touch with one OF their fingers
Tho nos,on Jeurnai regrets this ac,io
in Ohio, mud chsractetises il ~ not MP
. h,eik.
IL an article on hoisc.car thieves, Il
New York World ssys that an expert TIN
N this department has been kno~n ''rea
re- at the rate Of 5000 to 400 week {,
several we,ka in succession during goo
scssvns.' ~hilc experts who earn" 81
wv ot 500 day arc not uncommon. Robbes
lee ef large sums on tue lncs Of OUT CT,
railway. amounting 70 $500 or 81 ,OoU, a
no, unfsqusnt The creatures ususll
grated" or robbed, consist Of pocket
books " watches, though breas,pins On
even packages are sometimes taken. I'll
avsssge value Of cor or staes robbery
estimated at CT about go, Including Il
great and small, the year round.
TAe Ropess CUnsribusuon % a
6oARhn nfuhaheasAA