The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1850-05-02
DAVENPORT, SCOTT CO., IOWA, THURSDAY, MAY ?, 1885,
SCARCITY OF MONEY.

SCARCITY OF MONEY.
We have never known tho time wlie,
complaints oi the scarcity of money for The
transactions Of the ordinary business Of life,
were more earnest than they are now. A
merchant tailor, doing large business, in
formed US day or two since that he had
the day previous sent out man with bills
against his customers to the aggregate a.
mount Of s ! 900, and collected only $35.
An old gentleman who has brought milk
into the city upwards Of 25 years, tells Us
that his customers were never so far behiud
in their payments as they are now. Even
the newsmcn complain that they lind i,
exceedingly difficult to collect their six
pence per week for the durna! sheet they
regularly furnish for that sum 10 be read BY
whole family. Thus it will he seen that
the scarcity is intrinsic. While il was
confined to the stock market, or 10 large
dealers and spectators in "goods, wares
and merchandise" il was hardly felt as .
public calamity; but now that it has found
its way into the yariously ramified chan
nels Of business and industry, its effect is
to paralyze and deaden every nerve TO en-
,erPsize.
And what is the cause Of this scarcity OF
money? With millions of gold coming in
from California, with large sales Of domes-
tic stocks TO foreigners, with very greai
increase in the great staple Of export. cot
1ton-with all these apparently favorable
circumstances Why is il, we repeat, tha,
such a pressure continues to sirangle the
money market? Cob, it is the money
spent on railroads. exclaims Obadiah
Thoughtless, who is a regular free trade
cssaist, as he expresses il, "1rom center Ia
circumference" But these railroads do
not absorb money they form, on the con-
trary, one Of the best agencies for circula-
ting il. The money paid to them Except
far foreign iron, and 'frec trade" is respon-
siblo for Mat.l is paid out mostly for labor,
and tends greatly TO stimulate productive
ness. Besides, railroads have drawn out
great deal ofmoney in the country which
had been "salted down" by farmers and
others, and have pnt il in circulation. We
are to look, therefore, in some other dircc-
ton for the cause ofihe present depression;
and we have no difficulty in finding It in
the constant rush Of foreign goods into the
country. Every steamer and packet from
Europe comes laden to its utmost capacity
with boxes and Ea!cs Of merchandise,
while the exports Of American products.
cotton excepted, are next 70 nothing. II
some means cannot be devised to stop this
ACKNOWLEDGEMENTS, the whole coun-
try will become bankrupt and we shnll have
the scenes of 1857 re-enacted with ad-
d;tons and variations 10 suit the altered
crcums, ances Of the times. Some people
are blind enough to think that these things
will regulate themselves-that trade will
find its own level. All experience teaches
the contrary. Communities, as we'll as
individuals, have a constant tendency to
purchase more than they can easily pay
for; and besides, there is Gordon Of foreign
manufsc,urers constantly interested in
forcing their goods upon us. II our own
merchants will not purchase and import
them, these foreigners sends over their own
agents and consign their goods to them at
fictitious invoices, thereby cheating the
government and undersclling the American
merchant The thing is as s'plain MS o
pikes,aff," bat we suppose the "distress"
is not yet quite severe enough to induce the
people seriously to inquire what hurts them
[Boston Mail.
The profane and vagabondsh disposi-
ton of vas, number ofihe rising genera
i,n is subjcc, Of Iamentation 10 every
thoughtful citizen. Let its mora! incuica-
tions be considered by those for whose
benefit it was intended
TO the Patriot and Republican there is
nothing presented in this country so calcu-
lated to give him pain, as the vulgar. coarse,
and even brutal language, and general de-
meanor Of too many Of our boys--the fu-
ture sovereigns Of lhd Republic. The old
republics had their philosophers, who in
struc,ed their youth; Who taught them in
unbought lectures, love Of country, rever-
ence for her institutions, sense Of their
own dignity, and Of the important and hon
orable duties they were destined to ill.
But who teaches our youth, aud how nre
they taught? Go 10 the corners OF tho
streets. Listen for moment any where
that you find group Of boys assembled.
and If YOU are not shocked by the coarse,
undignifsd, and obscene language that you
oyerhear, it will he only because you have
heard il too frequently to be shocked at it
any longer.
Oh, ii those boys knew The high mission
they IRE called on TO accomplish. II they
could only realize how mmeasuratly supc'
rior is their position TO that occupied by
BOYS of a similar class in Europe II they
could only be made to feel that they are the
future sovereigns Of this great land-that
the cast down Of other lands are everywhere
looking over the broad watersi OF this land,
and to these very hoys, for that hope and
promise which is every where else denied
Ithem--if, in fine, these boys would be made
to understand their own importance and
their own dignity, how different would be