Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1852-05-06

regulate the amount as well as the quail
ty Of our paper circulation by our wants,
and by the advice and discretion Of our
own business men, and not forever make
ourselves the voluntary prey Of foreign
brokers. Spectators, coun,erfeitors and
n-plaster operators, who have found
IN our necessities, a ready market for all
the irredeemable paper and worthless
trash in the country.
Give Us free Banks, free as the winds
of Heaven; place the shares so low that
all classes-the farmer and the mechan-
ic-as well as the merchant and the cap
i,alist, may hold them, and participate in
their management and profits; lie. them
be located wherever the farming, me-
chanical, manufacturing and commercial
interest requires them; lie. them be based
upon specie, or public stocks at the low
est cash value bearing interest, and guard
them well with the most stringent re-
quirements which the wisest legislature
you can select from the learning, sagaci.
ty, business capacity and experience of
the State may deem necessary to guard
the bill holder from risk or danger OF loss.
Let US do this and we know, because
reason and experience .eache us, tina,
money will be plenty; industry will be
stimulated and encouraged; the people
will be able to borrow money for six
and seven per cent, instead of thirty and
forty which they now pay; our citizens
who are in debt, will find in this, and
not in the usury laws repealed or an-re.
pealed, the only prospect Of redemption;
Our taxes will be lighter; our towns will
be built up and populated; manufactures
will spring into being; farms will be
opened, and The productions Of our far
mers, will Fl nd market-not dependent
upon The accidental negotiation Of loan
by few Spectators, who can come in,
control and dictate prices, in the absence
Of competition; but a steady, reliable.
home market, based upon, and regulated
by home capital. ever by its certain and
fixed law, seeking investment 10 all the
objects of value within its reach, and by
its competition bidding 10 the highest
point Of value, and keeping up and equal
izing prices.
Let this be done. and then the car of
our prosperity will 60 bounding onward.
Then can we keep pace with our sister
States, and even outstrip them, in our
onward march in population, wealth and
all the elements of true greatness; then
and no. till then will our soil, our coal,
our minerals, our water power, and all
our unrivalled farming, mechanical and
manufacturing resources and advantages,
be developed; then and not ill then will
our State, which spreads itself 80 invi.
.ingly before us, and around US, rejoice
in those improvements, necessary TO her
advancement; and demanded by her pc
sition. and the spirit of the age.
Interested politicians and editors may
sing their syren and deiusiye song Of all
gold and no paper, till they are hoarse,-
the gold don't come. and the paper does
and will; monopoly and restrictive leg
islation. with Procrustean machine, cut.
ting of, or pulling out all principles and
interests 10 suit their doctrines. platforms,
and absurd theories, may and will claim
its patent rights; but if we rightly read
the times, an age Of reason and common
sense lie conf ng round;-a return 10 prac-
teal experience, in opposition to theories
and patent politics is .. hand. We
rejoice and take courage in view Of it,
Let the friends Of reform speak out bold
~; let the press cease not its Niagara
voice; lie. public feeling and opinion. now
moving in the right direction. be encour-
aged and concentrated; and we will roll
in upon the next legislature such ocean
waves OF correct opinion and wholesome
instruction, and send such men there to
act for US, that the ship OF State will
right herself. get upon her proper course,
and with favoring breezes. sail s,raigh,
onward into the haven of prosperity.
~ Our neiohhar If tho R1a,.ly:o r.