Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-12-12


SATURDAY EVENING. -. DEC. 10.
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The New II gland We've 81 she
Political eitnnsSsn,
The Hartford Ceuranf, a strong radical
paper end edited with considerable ability.
sccep.s The result Of ,he. late elections a.
verdict in ia,or Of Radical principles AMI
measures. In recent article that paper
fore,hado~s what II expects the Radical
majority 10 Congress ,will attempt to &C
comp.ish through legislation II says
III propoposed BY prominent Congress-
men that Congress shall formally reaflirm
b. esrsfal joint resolutions the decision
really made It The late elections In favor OF
the public sssdi, asd the paymsnt Of the
Ass-s~sssv bends Ia coin. A few L'icf,
clear dsclarations setting for.h not less the
true ptiuciples Of finance than the mora
obliea,isas resting upon the nation would
douosie.s increase the faith OF tho world
q lates in our national honesty aud pre-
pste the way for the new loans 81 . lewet
rate Of interest. OF coursc these should
be folio wed by consistent legislation, firm
", s,erdily and promptly. The lowest
possible annual expenditure. Gmploy ing
an honest and economical administratien,)
such raxa,ion evenly imposed and fully
collected, as will give us surplus OF rev
enue annually for rome reduction OF th'
principal OF the debt . differentiation TO
contract the paper currency and bring into
use gold and siivsr, with view TO
SPEEDY resumption Of specie payment;
. ospeciivs repeal Of sbs legal tender act.
and - = preliminary theory the legslization
Of contracts for payment in coin an a.
firmasion Of the trulsm 10 political scono
ny that ne,hing 10 msRsv but coin, and
thu, therefore he bends are TO he paid only
10 coin ;--ssselusiobsa Affirming these would
Be Of servioe. the dnancial world would
k0sw In advsnss the policy Of the nstion
up 10 March Z. 1871. end - such will
probably b lhs policy Of the new cabinet
aad a. the Senate viii BE- strongly Rspabli
can fcr four yssra 81 least. the ssOsral
cesrss Of financial legislation for many
years 70 ceos would BE- veil understood at
hsms and abroad. Csrtainly 10 OF itsclf .
great element sfstresgth. II the rational
triumph 81 the Rspsblicans meant any
thing. it Weuid Dc no harm il Congrsss
should Try 10 lst ~ know what Il was."
There ~ have cessissly expressed just
What shs boadhslding interest csnstrus the
Republican trismph 1t the recent election
T. mean. onA Il 10 "ths payment Of the Eve
twenty bosis II eoin"--'an allirmAiie,
that nothing but money 10 coin and tina
therefore the bends are emily 10 Be paid il
CON-" This 10 The Simon pure R.dica
construction sfshe expression Of the poo
pls in Tie fall election. and it will BE- Il I
ssisavor Of The party in power to shsl
ths Legislation Of. Congress 10 that end
We must expect ihen that the immersc
public isbs. the interest annually upon
which will amount TO about double the en-
ups annusi expenditures OF the last Dens.
Crstic administsAtion, will be declared :
public blessing, aud il will b. regarded rs
disloyal for any citizen TO quc','on The er-
thodoxy Of the ssn,imsnt
Tbs publ, dsbt is nov abou, ,wen y
six handrsi m.l!iors OF dollars. Nearly
thu entrs anoant is subj ,ct to gold inter
est. aud what is not, soon Will be. Tbs
Immense debt, with the burden it imposes
upsi tho psopie--the enormous tax it Law
iss upon the Industry OF the Na,ion-is to
bs recognized ~ blessing to be sntailed
not only upon the presca. but. future GER
esAusas' In connect on with this there
mast he contraction Of the paper currsn-
cy and an early resumption q specie pay
men.s. Under thi. policy tho public deb,
silrbe appreciated in value. an appreciation
that will add about eight hundrs mIicns
- the vaias Of the bonds and deprecia,s 81
other property correspondingly. That il.
What a!salins radical paper Of New Egg
land dec ares 10 DO the moaning of s.. NJ
Nsnai triumph Of the Republicans in the
10 . elections, and tn. use that tho Radics
party intended TO make Of their triumph.
Tas Radical leaders hops 10 fasten this
Aaancial policy upon the cuuntry because
the senate will bs strongly Republican fer
ts next four years. and by tina. time they
hope to get the people accustomed to tbs
yoke which radical policy will fastsn upon
thsm. The Coaraat, as the revres ,nts,ve
OF New England radicalism, Gales III on
Congress to lie, tho country know the
meaning Of tho republican, triumph. and ne
Doubt .HJrts Will to at once made In TIA,
ooiy 10 respond to ,hst demand. Bslor.
this season is closed W shall know what
Oil be the soi"s Of Gnancial legislation ~
long a. the radical patty controls the G '
ofumenk