Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-12-18
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msbt TO pay lis trD's. LAC events IN the
Cniiea States have. owever, given the
word wider range Of sfn,tion. No pro-
position en- be made ioosirr TO the ray>
ment Of the Nations. dsht, bul iastsl'iy
"a, eef Of a. 2odiationr IL sent up fros.
enc quarter or smother. Mr. johnson pro.
pesss. in bic message, 70 use The Nensy
that should es paid in Interest for me pay
ment oftha dsbt itself and DOT in liquida.
tion 81 the interest. "Repudiation -
shout the bsndholdsrs. Mr.. psndiston
and Mr.. Butler, representing the opposite
extremes OF tie political arena, proposed
10 pay the debt 10 grsenbacks. "Repuds-
ton IT, was the cry that met them at the
threshold. So it seems that anything
short OF "fold' means population. The
United States laws enact that certain notes
are legal tender. United States Courts,
by virire Of these Laws, decide that "gold
CONTRACTS are rntensblc, as between pri.
va'e individuals. Is not this "repudia,ionv'
oh no. FAY the bondho'ders. That may
tc perfectly correct, because it don't affect
us. ws loaned cur money 10 tho govern
ment, not 10 an individual, snd whie the
govsrnmsnt may compel others to receive
notes were gold was stipulated, 1t has no
right 10 obige rs to do ths same. We
may pOv omt notes but We must reccids gold
only. Now THE paying in notes Of de-
precis,ed value 10 quite - much Tspudia-
ton ~ anything else can possibly be A
man who works for living receives uem-
inally four dollars aud ATTY cents day.
Does he get gold No. Why should he
not :; That is the recognized standard
value. No matter. says the bond holder
Aho employs him. 0svernment enacts
that certain notes sre legal tender. lie
Inust take them or nothing for his labor.
lie sells those notes. Gold 10 At forty rsr
cent. premium. What does he ret !,
Ssven,y-onc aud three seventies Of . cent
for each dollar. or three dollars and twenty.
one and four ssvcnths Of . cent for the To-
Dor that was to yield him four sdollars and
tifty cents. 10 not this repndiation : No,
say the bcndholdsrs. Very WILL, then.
IL IS good enough for the poor man 10 il
MT also good enough for TIE rich man
justice To ali men asserts thst Il il, and
should be throughout tho whole county.
w "a, docs Secretary McCnlloch say about
thcss noiesf WY. this.
ihs Uaited SLatcs notes, although de.
olafed by law to be lawful money, ars ney.
eTthccss . dishonolei and ,l,,rspui able
currency. TIE fact that they are legal
fender, possessing snc1 attributes Of mon
sy Al the statute can give them, adds moth
~, = ,hsir real value, but makes them all
tl4c mcsc d,shonorAbs 20 t,egpyerninent,
ami suhsrsiv- Of good mo- IL. TIE PEGS
pie are c,mpclied to take an money wat
- y money. aud D, csEiiug dsmoralil, d
BY it, constantly changing value, they are
Ia a.il, or Of losing thai sense Of honor IN
thsir des''ngs WITH government and each
o he y aiea IS necessary for the veil beng
oil so ETY. It's vain 10 expect on tho part
II TIA, people, n fetfhi1l fulIlIment Of their
duties 20 tho government ~ long as the
rov~rGtp ~ !, ialse ~ It's own obligations.
nor wI.. those Sip do not hesilalo to de
iraid the public revenue long continue to
be scrmpu.ous 10 thsir private business.
JasuhsDis sul necessary AZ that measure
VAS t-sl regarded, II ir nov apparent tia,
Que unfortunate step was taken when ir.
rsd-smsbls promises werc issnod ma lawful
money, and especially when they were
male va "a t.ndcr IN PAYMENT Of debt
contracted when specie was the legal as we'll
rs the commercial standard Of value. The
legal tender notes enabled debtors 10 pay
taeir debts IN = currency largely inferior
u that WHICH was alone recognized rs
msney at tha time they were incurred, and
thus the vshdiiy Of contracts was virtually
iionsi'ej Ii all creditors had been CON
PEELED bt law 10 pas into the pubic treas
uFs aJprr cert. oE inieei any portion OF
the amounts received by them from thei-
debtets. such a iaw would have been con
denned IN unequal and unjust, and yet the
elect off; would have been to lessen. to tic
extent ~ the receipts from this source, The
necessity foT other XMAS Of taxation. and
thn- 70 eit}c IL aomc MEASURE the class
hillShN, because uaequAlly, taxed. Bv
tha hr.al Fender acts n portion sr the
properly ot tie rlGss OF c,tizrns virtu-
ally cen'iscnici for tbs benefit Of another
w',hn"t an increase thereby II tho public
'esen"e-. and consequently without any
com, sn,s'ien 10 the injured class There
can he 40 ,ubi that these acts have tends
Cd to blunt aud dcaden tho public con
science. and that they arc charsssble in no
small degree with the decentralization which
90 generally prevails.
Aud in the lace of oil this tho bondhold
fxsay that these notes arc good enough
Tor every one bu, themselves, but that no
otter 10 pay them in these dishencrsd RACES
10 rspnd'sticn. In the name Of = fair and
equitable justice between man and man. 10,
US have one money for all people. We
care not whether il be gold or paper, but if
the taxpayers must give gold, lot them re-
csivs gold alse. lfthey mus, take paper.
lot them pay in paper.
The 1-ass MosQ site -ssow Ne An.
P~areo Under the ,licro.
scope.
The New York Evening Pos, saws
Mosquitoes have abounded this year:
Long leland. Staten ls'and, and New Jcr>
ssy. ~ veil ~ New York. have been made
@asical bs them. Who has not gruubIsd
as their stings, and s,il moro ct their ssngs,
through many small hours Of the last sea.
ssns Bat the icy winds Of yesterday have
eSnecslsd their mele0ies and Destroy ed
their appetite.
Tho Last lingsrsr vas a huge enc esueh.
on Saturday night, and placed under The
microscope Tor inspection. There ne dis
Played sach infinite beauty that one could
isrIiss. Ter his sake, all ths torturss his
race have brought. His wings are Of a
SEIZURE inanitslv moro complex and deli
ca than tho finest fabric humsn hands
ever ~ovs They are barred and branehed
Ike leaves, with vessels for nourishinc
1aids, aud fringed with dossy down which
so'gr' dive 4 skWorm mad with ervv.
lis Ions thighs, zoe, have their musclss
covered With BAR, 10 which that Of babv
% N enormous cahls His head is almos,
es'~rsd ~ish two enormous eyes, each Of
ehen made up Of myFiads Of .,te mrrer.
sAclns every way /, and. just betwesn them
Ana hs"Asd bs two long, curious. and deli.
cate iesers, Is hi, probsbscis.
THIS IS that which makes him what hc
-; u the Mosquito Its prod,giousl,
long; perhaps ss,x,h of an inch. bu, Al
sn's hvsng c'mss thought it. The wonder
y ~ r