Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1842-07-15


THE TIMEs.-The Philadelphia Evening
Journal, Neutral paper, uses the following
language with regard to the present hard
times.
"Away with the wailings of care! Away
with the lamentations of discomfort. panic
and presure'' have had their day. Prodigality
hasfrun its race. Let US return to confidence
and contentment, under system Of honest
payments, and slow hut sure prosperity
Wholesome trade requires rot the stimulus Of
steam.
True, we have not as much bank money,
(paper.) as some people want; but we have
as much as our precious abuse of it Allows
1t is true we have suffered revulsion OF bu-
siness We have over,raded, and now called
TO settle our accounts, we find that nature who
never deals in fctions, has indicated her vlo-
lated principles, and now exacts valve for VAL
ne, suse promise for value has been carri-
ed 81 Ear. But nature is supreme; it is the
Laws God, and must re obeyed.
As.sonntry can he ruined that boasts an
increasing population. POPULATION itself IS
wEt,saH. We have an industrious people,
AMI ss-ae are banks that never fail. Nature
r-seiss4s~ stakeholder. God grants the character
an1 labor makes the dividend. The treasure
swels to millions in the bosom Of our mother
earth. The harvest is to him who sows, not
to the sluggard who signs and cries out ruin
rein! ruin!"
We have heard enough Of "hard times"
The words mean only the comparative facility
of Obtaining money, and the consequence Of
transition from high to low prices; and a ma
tura reluctance Of men to measure the same
quantity of money. Come down to The small
er measure, grated by the less quantity OF mon
ey, and the times will not be as hard. A bar
rel of -four and an acre Of land are still the
same. Nothing can destroy the comforts and
| necessaries of life but the elements. We
have all that can render people happy, il
they will be,ake themselves to the soil, and
cease TO grasp at sudden greatness By unnatu-
| raj means Initiate nature, respect her laws
aud be happy!
"Speed the plough !" is the motto of repub-
lican virtue. After that comes commerce.
spreading her white sails on the broad ocean
and scattering to distant lands our surplus
treasures Then follows Manufactures, un-
locking the iron jaws of our Mountain Miner
ais, and the focks Of the valleys and the
mountains yielding their fleece to the devour-
Ing LOOM When our mountains breas' II is TO
enrich the world. Those are the banks LOT
colossal people who claim boundiess region,
where hundreds of millions will one day loii
and think, labor and write, to astonlsh the
world! Talk Of ruin to people, who IN a
few wears will advance and flourish in glort-
Gus victory over the empire that CESAR won'
and ApFRED civilized! Talk Of ruin to such
peosle, because house or an acre OF iano
are4heasured in value by some few hundreds
lesl than formerly! How preposterous now
| absurd how crue
We have wealth still left we have enter
prise we have industry, and glorious popuIa
tor. that will overcome all implements OF
req ,sion, temporary discredit, frauds, plum
deAk and even swindling by wholesale. Sui
fer we may; but TRIUMPH WE MUST
GREAT BANK DEFALcATIoN IN N. 1.-In .s
Journal of Commerce of Monday says:-WaII
stree, has been unusually affected this morn,
inc by defalcaton in the affairs of the old
Ocean Insurance Co. The Company has
been for some time engaged in winding up Its
affairs and dividing its capital.
This morning the directors were as'ounoeo
by receiving notice from Mr.. SclermerhoIn'
Secretary If the Company, that he had du-
ring the last six years distracted over nun
dred thousand dollars of the capitals winch
was supposed TO be $35O,0OO. Mr.. .ocher'
| meri,orn has lost the money in stock specu'a'
tons. and all the time has enjoyed the MOS.