The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-06-24

IA
INDIANAPOLIS, June l, 1912.
The Journal of Commerce has published reports
from many of the States in relation to the coming
crop of wheat. You can say, respecting Indiana,
that the wheat promises greater yield the present
year than ever before. The farmers encouraged by
last years prices have, it is estimated, throughout
the State seeded three for the year before,
We only need outlet and market and the
prices will soon materially relieve from pre-
sent embarrassed condition.
The Wabash and Erie canal, if completed by the
State of Ohio in season, will throw into the New
York market an amount of produce from Indiana
which will be sensbly felt The quantity this sea,
son, although unusually large, will for the future be
immensely increased the moment people are
convinced that permanent market is provided for
all that can be raised. No State in the Union pos
sesses more uniformly good land than lndana--none
at present offers better prospect for the emgrant
land of the choicest description, under Improvement,
and lying near the line OF the canal can be bought
for cash at very low prices this particularly the
case in the beautiful counties of Fountain and Tppe-
canoe but IN fact the like opportunity for very pro
tabe investments presents itself in every part of the
State. Now the people, depressed by the sad
reaction growing out of the follies of the
system Of internal improvement and bank
pension, perhaps do not fully appreciate their
future prospects, aided now by the great adj
vantage which the modification OF the British
Tariff will give. For the reduction of duty by
Britain must soon fix new market value upon the
great staples of Ohio, Indiana and Michigan, rapidly
devclope their resources, the effect of which Will
soon be evident and more cheerful state of feeling
be the consequence.
If ENGLAND is willing to receive staples, we of
course aided by the market, shall be willing that
the people of the different States shall turn their
tention to that description of labor which gives the
most profitable return. The intelligence oflhe Anne
rcan people will promptly suggest what is best to be
done and act according as sol or climate offers the
best return Let me ask why it, If female labor for
cotton manufactures can be obtained here cheap as
in New Eng and and such is the iAct) fcotton
be hid at a less prceif here also is the Consuming
market why Is it tat uton manu- features have
bsen IN re extended in tins region The cause is OBJ
vlous Capital and labor find more ready and profit
able return by buying land at low prices and cult
vatng wheat, People see, that not~ thsanding what
The Tariff interest asserts,respecung American indus
try the true American industry is that which for the
least amount of laboi and capital gives the greatest
amount Of proft Be assured that # we to be
furnished with new foreign market, We shall be con-
tented to let the ultra Iarh party preach their hom-
hes TO willing audiences IMAM can DC iouhu west
of the mountains
The Banks of Indiana are, as whole, in excellent.
conditions and will be able to sustain themselves
sily They resume specie payments on the 18th INST
But one feeling exists here amongst all parties now,
upon that subject all see the necessity and regret
the evils and folly Of three years Suspension, the de-
moralising effect, OF which have spread through the
State, breaking down AID depressing 'he people
With resumption, comes pctter std'c VI uiihRs'
| or ne hone when the Banks return to their egitl-
~ o,o dmtc. our abundant crops finding new maket,
Ia /, new energy will be felt, Our leading men
Ike heart and endeavor to restore the fallen credit
of the State by making some arrangement for our
public debt as may be mutually satisfactory, We
could probably, by an issue OF new bonds IN lieu of
those outstanding at value TO be agreed upon, be
able BY and by, To secure permanent interest rune
nally paid TO the satisfaction of all parties. Efforts
will be made TO do this, if encouraged by all
good men To do the best Abuse never yet
encouraged depressed debtor to make greater ei-
fort The like rule applies to States, as to ndi'
ais and / may remlrk that, collectively, people Will
do that which, individually, no one would presume
to do