Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-11-27


saonal Debe.sLabor % ray
None ~ 1e...ssRoy the Debt
aoa save She 1ntercss.-'
From the Anti-slsvesy Standard.
ABsAD.
SEINE Republicans imagine that the great
battle has been fought. We think there
has been only . skirnish fer position. The
two ssmiss have measured their swords in
. struggle fer the best pesitisn On the 6s'd.
The Republicans have succeeded, and bsld
the point Of vantage, that 10, the govern
msnt.
Tomorrow comes The 6ght. Whether
''to.mcrrew" mssas the ssxt two years. or
1874: ne eos cen tell. Il numbers. the ar.
mics are sbeut equal. IL 70 most alarming
% So. that with . meb 1efst rebel, like
seymour fer cssdidats, asd platform die
tsted by Ferrese sal Wade Hsmpton, the
Democrats vote wae not 800, 900 less than
the Republissn. 10 . mass u 4 100000
votes; the Repablissn wsjesity being ab ,ut
six per cent. 81 the Whole vote. Win such
an snormeas Uinority gssvitating toward
rebsldom. ths future Ct the county is criti-
cal. II 10 idle to suppose that such . state
Of affairs will not have large influence on
. man like Grant. When 10 know who
are TO compose his Cabinet, We can divine
something Of bic policy. We have no fear
that he will give u Democratic Cabinet.
wc have no expectation that he will give us
= Radical one the most that We dare to
hope il that he will execute the laws i'm par
TALLY, and thus give opportunity for the
great civilizing forces Of the sge to enter the
| South and remould II.
We sec, therefore, with great encourage
ment, . movement in several different quar-
tsrs to submit . constitutional amendment,
Oh ising oil tho States TO make suh'a2e i'm
partial in relation to national et6css. We
would have il % il regard 70 oil Offices,
| State - well ~ rational. The amendment
TO the constitution should provide that no
State should make any distinction among
lie citizens In regard 10 civil or political
rights Or privileges, the right 70 suffrage 81
" eligibility in Ofiics, on account Of race,
color. or previous condition. The coastisu'
,ion will not Be perfect till sex also 10 inclu
ded In this last enumeration.
| II Grant vii give his countenanes and
support TO such an amendment, he will i'm
0ortalles his administration, and lift tht
nation fas upward toward its true lsvsl.-
The eniorcsment Of such . rule will hav'
an Immense effort in securing peace. NJ
parchment will secure the ~ 5mission 10 il
own prsvis oas. This comes from natura
forces. To make the ballot . practices
I thing, the holder must have education an
land. And nations' prosperity requires on
thing mere.
Some journals haze stigmatissd the discua
: sion ofths finance question 10 premature. W
shared In that mistake awhile ago. Bu
there never wi!i be any industrial or CON
mercial activity here until the capital Of ID
nation 10 free to engage in such efforts
J. While the government borrows $4,000
: OO0, 900 n . better rate Of interest tia
business spscula,ions are likely 10 pa,
there will be no activity in business. In
. healthy condition government should pa
II emily 4 Or S per cent just enough 10 attraS
:, sluggish capital that Of women, children
!. savin5s banks, end retired old men --classe
which aim At safety. not great dividends.
The moment government attracts by II
. large interest the funds Of active men, it
. the Toe and nj shtmase Of business
>, The first aim Of our fnancisrs, therefore
should be to reduce the interest on III
J. debt. Let the government pay $500
u nccs sAry, to buy back government bon
sivea be 4 per cent. 1t is not the amou,
:, OF the debt that kills business il 10 tn
" high rate of interest. Thisl 10 the fir.
y principle to be kept in view. The secon
l. is, let not labor b. called on to pay on
dollar Of the debt. labor has paid i.s shas
Of the national expenses in blood and tot
y The man who gave FIVE years in the hel,
" he who came home . cripple the wife vi
/ kAe fn~ Il ~
~ brother was starved in Andsrsonvills or l.
/. By prison,al these have paid enough towar
:. saving the nation. The capital which the
70 worthless but for their volor, should pay .
the debt. Tax every man who ewns NOR
:. than 800 ceres at . rate doubling an
trebling for each additional 800 tax ever
man Who has more than 8 | 90 900 Of rat
doubling and quadruplLg for every add
:. tional 100000 antil the treasury burst wit
" the means to clear of the debt 20 years.
"a Pay the debt in coin not because v
: are legally bound. but because it has bee
81 80 understood. Honorable dealing is scor
. omy. But by one decisive move nent bu
"a IL oil up at any price and reduce the interss
so as 70 save business from this incubu
No bondholdsr will reluct or bs obstinate
le of parties. Aud the nation. in all its inte
:, ssts, will easier bear debr Of 81. OOO, 900
!. 900 IT 4 per cent, than $1,000, OOO, 900 {
y" 81. OoO, 900, 900 It, practically, 9 per cen
Of What has given the Democratic party 4
,e hold on the people 10 that its leaders he,
- felt, not sesn. these TIVE principles. In Il
blind and hasty struggle to reach then
- they planned payment in paper and tain
M tho bonds,-poor, wicked methods, -,
still they were laundering efforts 10 rsac
IA good results. To content the people On
help the nation. we must inaugurats thei
. principles. 10 save our honor. We mu
~ apply them rightly. Pay in eo,n but b
4 one act buy up the debt and reissue it
% per cent. Find the means to do 20 b
!. taxing capital. Be sure you ask Of lab,
only the means to meet the current and o
~ binary expenses Of government.
y Thus Ne may remove the most psrilo,
b. element ffem politics, and disarm Il
Democratic party. Thus We leave the de-
clear for the special work Of this epoch.
- the reconstruetion Of our government, #,
NJ from thA Alosunnfa ~