Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-12-18


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JORysOyvs. STANTON.
The President has cent message to Tho
Senate, embsdying his reasons FOR she re-
snosal Of stanton from tho War Once.
Among these is,hs Withholding BY Stanton
from the Presidents knowledge, Gen.
Basrd's dispatch informing him that the
city officers Of New orsAns intended break
lag up ths July Convention Of 1866, as IL
legal. The President, il now appears, Was
ncs made aware Of Tho receipt Of the dis
patch until ten days after il bad been 10
Stantos's possession, aud after the riot WAS
over.
Every one will remember that upon no
point vas ths President 50 bittssly assaiIsd
snd salumnisssd - upon that Of the New
Orleans riots. 10 Was in fact the campaign
sfsumsat Of the radicals In 1865, and but
for il the defeat which they received in enc
late elections, would have been administer
I'd . yeas earlier. From one eHd Of 'ns
country 70 the other the patriotic Drawers
and loyal shsussvs rung mote changes "p0"
II than there are different tunes 10 reg
msnt Of hand organs charging home oPo"
the President that he figured consP'cuousJ
o. the cider and abester Of that bloody "."
s.etioa But murder will out. and tho
Sscts s.s nov before the country In 40 OIL
fc.Al form-plscing the blame where
rieh,faily bslongs-upon the shoulders o.
stanton. Lat him hang upon his Own gal
lows ~ did HE Biblical twin brother
Haman, Of old. But for that plotting,
schemine, hsastlsss political prostitute. tho
President would have been made aequains-
ID with tho threatening state Of affairs a.
New Orleans and the horrible crimes would
have been avssted. But Stanton did not
wish V avert that scene Of voc and horror.
Net u ell 4; lao catered - h-made the
highest bid within his power for chs
slaughter, and for what! That he might
throw ths responsibility upon President
Johnson. and bring him to contempt and
obicquy before the people. Yea the tessi-
osnv 10 shs impeachment case shows that
che Janus-iaced knavs ives al the while
prsesadiog to be sae Presidents best friend
asd adviser.
There 10 no evadlng the fact that to-day
Edsin NJ. Stanton stands before the people
Of Ne Unitsi States and the world brand
cd - ths murderer Of those men who Tell
Il the New Orleans riot. No matter how
OssGrsss may sndcavor to sugar coat hun
over. the fact stards boldly forth and NO
snount ofraiicsl whisswssh will serve 10
sfFass the bloody stains.
Whist wonder that President Johnson
requested him 10 resign. Faithless and
unsorthy to a degrss-ths willing tool Of
designing poliucisns reckless OF every
consideration IL honor, Ls deserved 10
BE- kicked from his office, aud had the
country been 30 fortunate a. ~ have had
the genuine old Andrew J. Old Hickory
htnssif, IN tao presidential oiii-e. "by the
Eternal he would have swung higher than
Haman. But he had different master TO
deal With. AMI no Was determined 70 main
tain his ottics--to be u spy and nfcrmer in
the inscrssts Of tho radical party. Il was
70 further those interests that he withheld
the dispatch from the President ani Sc
cured tho desnsd'rlot. Language is really
too feeble. too mean nglsss, 10 convey the
proper measure OF oon,cmp. that all good
men mast entertain Tor so corrupt . politi-
cal carcass 40 that Of T.. ". Stanton.
-~~e--
M"rcssss1e Eaiisres In Now
Tas United States Economist and Dry
0oois Reporter ssates that failures anon 9
wholesale merchants ia New York City
''contlnue 10 b the order Of the day."--
During lsss week several suspensions 90
CURED among 6rms in the China trade and
dry goods importing business. The aston
isn'ax statement is made by the above
named journal that the suspension of the
last few weeas, including those Of cotton
hrms, aggregate somew hero near So, OOO.-
700. IL - further stated that az rule. the
failures have exhibited light proportion Of
assets to liab,litiss, and have been 10 . large
extent among the impoting houses. We
quote:
The very heavy impor,ations Of tho las,
two yeats are doubtless At the root Of thcs.
reSetscs. IL has been pateut 10 the most
superficial obssr. ers that Immense smoun,s
oil goods have been sold much below cost ot
imeortaiion; aud this having been done
through succession Of ssasons. the resu,,
could not Se othesW,sc than disastrous. Il,
il notable feature ia connection with III.
failures that they have not been among the
young and generally esteemed weak Nrms.
Those who have fallen have been houses Of
long s.snding. high credit and reputed
wealth, the class that would he expected TO
weather an adverse gale the longest. Il Is
dasncat 70 explain this fact except upon the
paridoA'csi superstition that The very eau
t,oa Of these firms has proved their ruin.-
They were our steady. conservative MGR.
chants. During the .nflation Of prices. con-
ssqaens upon the war and the suspension Of
specie payments, they we're alarmed =, the
apparsrt reckless tendency Of affairs. b.
hevsd everything unseund and tending TO
sottennsss, and therefore kept aloof frou
business ~ much ~ possible, leaving the
trade 70 be done BY those Who cared lsss for
consequences. They thus lost three or
four yssrs' chance Of making large proats
upon advancing prices, when they began to
awake 10 the feet that those who had dons
she business which tshy had declined had
ssal'ssd handso,ns profits. discovering
their mistake, they then entered into 81.
'sns'vs operations. supposing Il to DO only
necessary 70 reverse their past policy in or.
DEF % eossect thsiv error. Here was ,h.i,
grand mistake. They began 70 expsnd
teeie opesasions at tive whso IN. e., i.
oold, hspssesses oftaxAvlen. and /. c.,,'
raj reaction 10 the markets, we're comh;o.
ing to tasa prices downward; and h.v,n.
been trading largely upon falling ms,ke,
they have Lost their capitol. Those sho
~ers apparently reckless during the rise in
prices made profits which enable them
nos 10 withstand the losses Of the decline.
and are among the s,ronses, Of onr mel
chants.
Il thus happens that caution, without
saSacaty, defeats itself, aud incurs conse
qsencss ~ DISASTROUS as recklessncss. II
has been one Of the great dangers of our cur. |
rency arrangements that they bar. ~.