Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-08-28
EiNANClNL.

FINANCIAL.
The blindness Of our government Imam
ciers in disregsrding the plainest dictates Q
common sense IN the management OF on
affairs, l. sufficient TO warrant the conclu-
sion tina, they have gone stark mad.
Mr. rrcvcllick, tho eloquent advocate o
the workingmen. spoke a, the German
Theatre Iast evening and cave all who hear,
lin a lew stubborn facts TO consider from
which we take the following: The amour
OF gold in the vaults of the Federal Treasu
~, on the lst ult., was sl0S, 000, 900, whicl
has since been reduced by the payment 0
1900, GOO, in interest ON gold bearing IN
tarcst bonds. But the disbursement Of thu
large sum among the untaxed bondhoidere
has bad the strange effect Of raising instead
of depreciating the premium, a result, which
apparently cpnforn1s the Radical iinnn>
ciers. Again, the treasurer holds old
bearing bonds as follows: As security for
National Bank Notes, $40. COZ 300; as
securities FOR deposits Of public money,
$50. o0s, 40; the total securities held,
$37s. 5l5. $50, the interest on which, a,
ak per cent. payable semi-annually, is the
dreci amount for which the people are ans
nnaliv taxed, In gohf, fer the privilege o.
handling $303 0i5,T2G, National Bank
NOES. instead Of handling S37d.Gl5,ai0 o!
greenbacks that would be reqired TO re.
deem the bonds deposited by the banks n.
security for their banking operations. Tn,
mount Of old National Bank currency Is
sued TO datr i $2n3,0i5.126 from this tc
be deducted he currency returned. ineIud
ing worn ont notes, amounting to $4,3t9,
SIT. leaving in actual circulate on at lasl
%rciiort SOS .o65, so.
During thc last six months there was n
falling of IN tic internal revenue in New
forkcity Al,uc of about 1900, 600, with
apropoitio ale decline M over the country
Bat IN "a. ace Of those unpleasant fact.
thcfe Is 80 Hort made IL lessen the ieavy
expenses Of the Government. On the en-
trlry, oas Dng>lay Congress continued In,
unaecrs snry interest IN tie National Banks
far TIE ben, CT Of the .4ntaxel bon holder,
tsold coin) annually annual support 81
q useless Freedmen nur,nu - an Iadiau
war gotten mp b. unprinciplei Abolition
l%aiiln agent, for the benefit Of shoddy re-
'%atirrs p negro sutrigc nonrressmcn the
expense VI 4 standing artuy ia elch If the
late Southern Sta,es. 70 PROSTATE The
whites ami d,moraiz, thv hlacks-to the
ultimate destruction 4 MI The irtercsts u
III best prod lcins section Of the Union
aud numberless othes litlc Congressional
ph-.
fhe coas'au. dram Ct specie 10 Europe
10 meet the i%ntcres, IL our bonds and to ray
tie balance Of tradr which is sioadilv and
lsrF " us has the effect Of course 10 ill the
vaults OF England aud France TO OVERT W.
Ing. The last wccklf return Of the Bank Of
Fraure receiv i showing u further increase
II e'56.n"o sterling, making a total now
IN is value % 80, 100. 900. In the CORES
spoud NJ. return Of the Bank of E.asland an
increase Of coin and bullion in both dspart>
menis Of ~;oS.ali is also shown, making
the to,al 4.2.2s6, G5i. This i said 10 be
the largest amount of com ever held v The
Bank OF Eig'and at one time.
Ia resslt Of this is seen IN the fact that
money is loaned on the streets OF the Old
World capitals at one or Two per cent,
while orr gaid iptcres; bonds are hawk,l
about Al = cents on the dcllar, 70 help NEE,
Tie balances daily aceruins there against
"a :" t"''u'seS q 4 'housaha 'hiosS'
'''''o''D "''' At Suen eh'f-
nus 90 my "' "'ousht III
=" =" y rom - = y" Per cent
- - pe palu i'r ID so1i aiso On arrival
W., III, . r.,
90 F.'P' s"" "'"'' w
were ABOUT 10 say wisdcm, but rather 1t us
cal it, common scnsc'
The Gs-stfs may well ,alk abou, ne
vhs, ~ T,-rnioi, ,;.;,. ~ IL. u.,,
...a
s"0" ~ "''y " "h"hc'eSome iscts. we
are sorry tie editor OF the Gasette was not
resent at tie lecture. His unwholesome
broad of s,s with b;s .ho,, ox,ar;.,a.
NJ -,
' s'H.'". "' 'eA' "e iVr
Tue cutting "itheF'hs words oi Mr.. Travel
ich, whom he came to know a year ego, in all
prol,ah,lity ken. him ARMY s.,h. s,o,l.
..x.;a ,.x,oa Ga. , ..-
WV 80 ""''o''"' rs
Wei rs LOT tue poor man, Is most certainly
COMM. DO political parties understand
the st,rn l,,,c ri, ~. o-.,,. oe 81. ,...
-, ~
"os 20 P....' toT Dtl.
TINS Muscairre .lou,noi tho ,b,cst Rs>
,,A,.,, mana, :, ~. g.. .a,.aw.I
following. which we copy for the benefit of
the sickly, limber>baeked, knock knced
newspaper establishment of this city. If
We mistake not. It comes in the list Of
~ jou'"sis asiuusu 70:
,,ais. Gsysrnor stons IN arnou !" -,
the swamp and business. We hsve
not had any eulog'ams on sir.
can Of Polk county. The praising oil
careless governors, VINO allow the peoples