Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1869-02-12

DAILY DEMOCkAI. |
.. z. aICmAR DsaDN, Editer. |
FRIDAY EvENIfG... FEB. L.
VINO HAVE An lNTEREsr IN
Tll1 BONDS.
Fernando Weed said the other day, in
che House, that the national bonds held in
Europe we're about one>third Of the debt Of
the country. He knew that fully two>
thirds Of the remainder were held BY NsA
fsrk capitalists, or BY corporations under
their control. n ris amistake to suppsss,
thar because the capital Of ssrings banks
~ss iseessed in United States bonds, that
sAs isssms. from GAsm veal to tAs bsW9Hg y
che pssrsr s,sssss. In he opinion. ~ bss1S
As,i by ~ Sssver elasses vsxld NJ sssssss
TO sns-eSsnsisth that Aeld by sapisslists.
NJ. Weed il correct in this. There l. no
greater humbus in the wosld-thsre IL no
greater imposition on the eredulisy ct the
people than this cry Of the capitalists that
large msjority OF the people-.he working
,lasses-are interested in these bonds.
But let US lock At il from tho statistics of
Mr.. walker. He says tho average deposits
per pcrsoa in the savings banks Of New
Yo,k and New England are $225, while an
immense maj Ofi,y have not over 5000
On tn" the dep,si,or gets yearly interest
Of 81. Now, take man who spends for
himself and family S4oo a year, and ten
per cent II that SUN, At the lowest calculs-
ton goes 10 the bondholdsr. TLas in
Eezh,y, the dcpositor pays $40 aycar,whie
he gels butt = from tho savings bank
Nos, this estimate Of ths extra cost Of
living 10 occasionsd by the debt, 90 every
ones experiences will testify. Thus the
iaboring classes gain but el2, while they
lose $40. Thatis, Of every 500 they pay
in interest they get back $50 and lose e7o.
This 10 benefit With vengeance. How
isag would it take the labering classes to
get rich At this rate on their investments 10
the savings baaLsi Blosssd espits. sits in
,ts easy chair and receives its ge'd interest,
pays no taxes. lives 10 costly msuaions,
furnished in the most luxnriant style, while
the labosiog man. ewing to the high taxes
and the high prices Of living, can hardly
keep gsant poverty froG The door And
yet the huge debt keeps pi!ins up higher
and higher. Estravaganas 10 The order Of
,hs lay. Balls and parties and theatres
keep high carnival Ia our citiss, while
oppressed labor 10 struggling beneath the
oppression Of verse than egyptian task
masters, aud trying ~ vindicats its rights
by combinations and conspiracies 10 ward
on the hsaviAsss ofths blows.
II 10 strange that the men, who are con-
trolling political power do not So that,
unless this folly 10 staid. these wrongs are
righ'sd. that the producing interest Of this
country will vindicato itself against capital
by Striking At tho debt which capital con.
trols. This making of bricks without
s,raw will not be submitted to much longer
They, tho oppressed class. will place men
In charge Of the Cove rnment who will be
pledged to cxsmpiify the doctrine, that the
rights Of property based on the industrial
faculties are more sacrci than tho rights Of
capitalist based on . usurious contract
Such men would Instantly vote of all taxes
levied TO pay war debts or war interest
HsnceforwArd, II a man earned . dollar, he
would paw few cents Of 1t TO support the
the Government whereas, now II 10 he
who gets tho few ccnts-ihs Government
and bcndholder taking all the rest.
~----~~>-
TINS SoDEL Of tho proposed rival Of the
Great Eastern has been exhibited In San
Francisco. Ills t. be Of the came siss ~
the Great Eastern, except that instead q
IS feet it will draw only IS. and carry pro.
portisnatsly less tonnage. II is designed to
carry feur times AZ many pAsssngsrsas any
present style Of ship. ani TO substitute for
hunks regular bsls. 1t will also give four
times the space to ststc>roon. The motion
Of the vessel is 70 be rendered almost i'm
perccptble by new device. The state.
rooms, instead Of being at the outside Ii IN 4
al the vessel 'nro along the center limo OF
tie ship, where the roll is Scarcely p.rccpt.
ible. The saloon il 10 be 5G0 feet long,
and clear Of obstruciions. Ii is not for
dining. Instead of public table, there is
TO be two competing restaurants at The et-
trsmiiies adjoining the saloon. The ship
wall sell passage only, the board being pay.
abe as Meals arc ordered 1t is contsm.
Plated 10 carry second class passengers and
tairo-class IN the same way The prcsen,
style 81 first class hunks will ho third class
berths.
Mn. JosN Covops, Radical holding his
seat in Congress upon questionable author
ity. opposes IN appropriation fer IN Amer,
lean minister at Rome because, he says,
members Of the konnan church voted
against hin upon fraudulent naturalization
papers, said papers having been issued by
one Sao~ien.s deacon ia tho Presbytssia
church Mr.. Covods's objection, il COED
Tor anything, would apply against Presby,
terians. bus mot against Romanists. Csvods
however, To- natural kneW-nothipR, in
more sense than one.
A ParLADstSnlA pspsr remarks what q
pity il 10 that ~ Pacific Railrssd 10 ast
completed. The winter u nearly over, and
we have ~ YET harvested no ice from OUT
swn waters; neither 10 Il probable hat ~
shall be able - DO -. We must, thsrs.
fore. look abrsad for sus summer supply
Nov. il the Pacific railroad we're completed
how easily immense frozen blocks could
be shipped ffsa Alaska to San Francisco
and thence AGREES he plains 70 10. Blu
IT'S toe late now TO complain. We must
grin and bear il - best we can.
a Wo0las0o O1p1Onae In q Mad
E1x.
Some months ago Z. A. Pollard, tn,
Southern historian. and brother Of the lats
II. Rives Pollard. Was appointed to lucra
tive position in the New York Custom