Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1837-07-08

ground, and the magistrate not being able to
commit her, she was driven from the town. l
> trust this Is the last scene of bloodshed that
shall havet to record. The conduct of the Mem
phlans In dismissing the assassin without any
e.. extra indicis! proceedings was praiseworthy.
There are two, believe three, newspapers
published here, and the place is thriving; but
the inconvenience ofits landing place is ar in
superable bar TO its very rapid growth. The
, general aspect Of the town, the appearance Of
lis dwellings, and character of its citizens diff.
Ter little from that of other towns and landings
] we have passed lower downthe river. There
is characteristic likeness in all the towns on
} the Mississippi and lower Ohio. Above Lou
lisvllle, they appear more like PENNSYLVANIA
and New England towns. Our boat is again
moving. will write again from Randolph.
+ MICHIGAN.
: l. Who would have imagined, ten years ago, that
Michigan would have risen in wealth and popula-
ton iii the unparalleled manner she has to the
present day! And who can tell the vast improve
ments which will be completed, the amount of
population and the riches of her citizens ten wears
hence! few years ago, and the territory of
Michigan was scarcely known; no sound was
heard save the melody of the feathered ube or the
wild war-whoop of the red man. A few Indian
trading houses were the only traces of civilization
to be found Look a, her situation now; what has
taken the labor of centuries TO perform in other
countries, is realized III a few years in this. Ira
vel in what direction you will, the stroke of the
woodman is heard; beautiful farms, with their
neat and comfortable houses, meet your eye; viii
lagos and cities are sprnging into existence III eve
ny direction. Where the howl of the wolf was
heard short time ago, the church-going bell now
gleets your ear. The richness and fertility of the
soil in Michigan is unsurpassed, if equalled by any
of the Union; with climate the most favorable
TO health, and with water power in almost every
town and county in the State, amply sufficient for
the most extensive manufacturing purposes Ii
/ is the prevailing opinion ut the east, that the
water power in Michigan is limited and small
we would here remark that the direct reverse of
this is the We believe no State in the Union
| has more water which can be used for hydraulic
purposes, than this State, in proportion TO her size.
The population of Michigan is composed III a
great degree, of people from the most intelligent
and enterprsing Of the older States There are
very few here who may be called poor, and where
such to be found, it has either been caused by
sickness intemperance, nine-tonths are men OF
property, and we speak within compass. Almost
every person has got his farm; very few have emf
grated to this country but what have been possessed
of sum sufficient to purchase all eighty acre lot
Of Government land, at 81 ,25 per acre. Having
TO pay the whole of the purchase money down,
consequently no mortgages are needed and farms
are generally held III fee simple. Every man with
. few exceptions 70 deserve notice, labors on his
own land for the benefit Of himself aud family.
\ Thus il is, that poverty is almost unknown IN
Michigan.
1 Let US look for moment at the internal i'm
pfovomonts which progressing aud IN
Contemplation. Our Legislature have appropria-
| ted four hundred thousand dollars for rail road
from Detroit to the mouth of the st. Joseph river,
/ passing through the counties of Wayne, Washte-
1 nav, jackson, Calhoun, Kalamazoo and Van Bu-
ren. 1t will complete the chain OF communca-
ton now in progress from the Atlantic to the MIS-
sssippi Part ofthis road is already finished.
Kalamazoo Gasettc.
We have stated before and we repeat itnow,
that we have considered, ever since the banks
suspended specie payment, that the measure
was in part dictated by MIR. Biddle, and ca
gerry grasped by the banks themselves, who
found their affairs in situation not SO encour-
aging as they could desire. Of course any step
which would afford momehtary relief was Tar
preferable TO certain and absolute failure. 1t
will be recolected that the banks pretended,
at the time, that their course was dictated by
the soundest policy. That their suspension
was, indeed, the only means by which they
would be able to retain and add to the specie
then in their vaults, and, consequently, the
4 sooner enable them to resume specie payments.
/ We believe that this was but miserable sub
terfuge resorted to for the purpose Of binding
the people, and that it was their intention at
the time, to dispose Of the specie on the best
possible terms to advance their own personal
Interests, instead of applying it to redeemlng
their notes and other liabilities. We believe
the city banks to be engaged in this very thing
now. The New York Herald intimates that
| in single week after the suspension Of the
4 New York banks, one million Of dollars was
exported from that city alone to Europe. And
the same scere, it may be presumed, was go
ling on in Philadelphia and Boston, and that
too, whilst the people were unable to procure
a single dollar from them. And these are the
acts which the Legislatures of the States are
to beassembled al heavy expenses for the pur-
pose of sanctioning. The banks are to have
respite granted them---a furlough to deal IN
corruption and deception, and the government
is to wink at this system OF treachery. Ana
what assurance is given that recourse VIII not
be had to the same measure hereafter.---lf they
fear not to violate their charters in single in
stance, fear of consequences will not restrain
them from doing SO again. The banks may
be bOlstered up for time, butt ultimately,
loss will result to some one, and the longer
they are permitted to go on in the loose man.
ner which has characterised them heretofore,
the heavier will be the loss. In spite of all
the praises Of their friends, the fact cannot be
concealed that the banking system is rotten at
the core. In conversation with gentleman a
few days ago, he made mention Of the follow
) ing transaction ofperfdy on the part Of a bank
which has suspended specie payment. He
presented at its counter aparcel of it's paper, de-
manding the specie, which was refused. He
went to a brokers' Office, and exchanged the
bills on this bank for gold, paying premium
of ls per cent. The Broker took the same pa.