Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-05-01

Since Congress met, oddly as it may
strike the public ear, lately accustomed to
hear tho sweet radical sounds Of economy
and reuenchment, the national debt, in
stead Of being diminished, has been in
creased nearly forty millions IF dollarc
Advance backwards is Is the radical gait.
Add 70, increase, pile up, is the radical
theory Of liquidation. Ii the reader was
asked where OF what the necessity for pill
ing more straws on the already writhing
| aud bonding csmefs back-for uha, pub
lie necessity or object OF utility there had
been IN iuc,sase OF our national turihen, he
would rink above the ordinary grade of in
telligeuce if hs afforded a satisfactory re-
spuuso.
Oac notable feature in this increasing
Of The siE 81 eur National blessing" has
been an ipcreasc also Of eur geld bearing
boais. Whether this latter has kept pace
with ~ exceeded tie former, Of late, we
have not ! . ngares at hand for the salts
factors soigtiou. Blu, if the Secretary Of
ths iruasury las sny one point Of settl d
po.cN, whica lie l.bors carly and late to
rrleel--s seeming duty with him, which
hs puraues With pointsdness Of purpose
IS II II were tns leading obligation oil his Of
fetal func.ions-it is the regularity with
which he is converting the hou-interest
bonds Of the Government into those which
bear the pledge of gold. II has been re-
marked that his zeal in this peculiar work,
has bsen increasing in activity az the pub
lic densn nd became louder and the demon.
STATIONS OF iatigued aud oppressed tax pay
ers became moro potent Tor the redemp-
ton Of the bonds in the same currency tn
which they we're purchased. In this re-
spect there il an air Of anxiety marking
his diligence in magnifying the gold inter
est debt for the aggrsndizsment Of capital
lists, who invest 1T the additional cost to the
people, who must pay The financial agent
of the people, therefore. in this matter Of no
small magnitude, is but the agent Of the
dend-holder, Whateve- may be the profet-
SONS ola portion Of the leading men Of the
radical party, as to the wiping out Of the
currency portion Of the national debt with
gresnbacks, and the ayment in coin only
when it is exactsd in tho bond, we do not
believe that any very large portion OF CON-
munity en,ertains for a moment the ides
that such b or viii be made the policy Of
the radical party, il secured in the ascend
ency.
It's evident now that the greenback is
sue will be urged by the Democracy in the
approaching contest for the Presidency, Is
. measure sqnal to if not in the lead Of any
other. II has so firmly seized on the pub.
lie mind that no influences uill prevail In
ignoring il. 1t must be squarely met. II
ever the cry was significant and pertinent.
Of gold for the office -holders, rags for the
people" il will be appropriate new, '.cold
Tor The bondholiers and tax exemption.
rsgs for the people and tax oppression. ~
There is too much Of substantial vitality in
this to be a:n,nablc 10 the slur OF demac ocs
ism or clap-trap
IL IN uus as The Louisville Courier holds
thst at will lie altogether unimportant
what becomes ci the national debt when
the 6ovsrnmsnt is ovcrthrown :" that 81,
the form Of Government is subverted. the Ii.
sbiities contracted under it will be rspu-
dated, and both principal ana interest will
DO leis to take their places among the things
that were; yet it is amply clear that both
these overshadowins considera ions are TO.
gctier in the scale and the failure OF the
one caries down with il the other.
OLD ESTABLISHED DRuo Horss We call
attention TO the old established drug house