Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1846-06-18
Prosperity KILLERS.

u snould DO borne IN mind that The
attempts 10 paralyze and destroy the
prosperity Of all classes in Iowa. by
sngrafting in The New Constitution a pc.
si'ive prohibition against the introduction
Of Banking capital have been made by a
few ambitious demagogues, who have no
sympalhy with the people, no concern for
their welfare. and no desire but TO be
counted the origna.ors Of political
crusade against every species Of banking.
however honestly and fairly they may be
managed. They doubtless believe that
such crusade will cover them with glory
end ensure their future elevation TO office
But they are mistaken. The same class
Of politicians in Ohio, after troubling the
Sta,e-strring up bad blood and causing
great disaliec,ion among the people-a,
sn enormous expense of many thousands
Of dollars for useless and disgracefal
legisla,ion-have been signally defeated
in their plane and are now consigned TO
political infamy and disgrace. This result
was secured by refusal on the part CT
the people 10 sanction or endorse such a
destructive species Of legislation. And
90 il will be here. We have mingled
much with the people and have recently
visited the northern part Of the Territory
and are assured tina, the people will never
submit to have their hands forever tied as
10 contemplated by the new Constitution.
II they do not wan, banks now, they
want the privilege Of creating them if the
time or The circumstances should ever
indicate necessity for them.
Our merchants. as a general thing. are
not heavy capitalists, and wha. capital
they have is invested in stock legilima,ely
belonging 10 their ordinary mercantile
transactions. TO divert this capital by
using it on. Of the accustomed channel Of
their usual business in the purchase Of
wheat or pork or any Thing else from the
farmers on large scale, might be exceed.
ingly injurious. How, then, shall The
farmers secure sure market and ready
sale for their produce q, the highest prices!
We answer, by the establishment of well
conducted Banks. If we had such an
institution in Burlington. our farmers
could come in with the greatest confidence
end be sure Of the highest market price
for their produce. The merchant, could Dor
row from the bank and make his purcha.
ses and secure return for his shipments
before bis notes arrived st maturity and in
this way all parties would be benefited -
Every one who was able might own stock
In such an institution and have share in
regulating its movements.
The prejudices against well regulated
banks are fast wearing away. This is on
account ofa growing suppression of their
utility in effec,ing more easy and effect.
aal exchange Of commodities Of all kinds
!, The people Of Iowa-and we say it with.
oul the wish or intention 10 Aa,ier--arc
more enlightened as people than are or
have been those Of any other new State or
Territory with which we are acquainted.
Perhaps Wisconsin is as much SO. This
being the case demagogues will find il,
much more difIicul.io manage them, than
II they were more ignorant. The farmers
oflowa will study their own interests;
and in so doing they will encourage and
cherish skassys,em Of policy which offers
the creates, facilities in rendering their
farms most profitable and which will
aIord them The bes, rsmunera.ing returns
for the Investment of9iheir lsbor.
Il As our population and trade and pro.
duc.ion increase. We shalt see tie neces.
shy Of miaed currency. or course