Daily Davenport gazette. [volume] (Davenport, Iowa) 1854-1855, 1855-03-13
-. rss $50 which Hard Times Teach.

qhe Lessons which Hard Times Teach
The following from the New York hide
,s,aentiis appropriate to the times, and is
well worthy the careful perusal Of all bust
n.ssmen. Read it and place it in some
conspicuous place TO- frequent and easy ref
esence;
nh an old saying that "where there is
.oy qreat loss there is always some smut
cain" We have just passed through com
nercial difficulties, long, protracted, and an
aaraleled in the history Of the country
ass failures have occurred, il is true, than
= Is36-7, owing probably to more extern
100 banking facilities, bat more real capital
has been sunk the past eighteen months,
sroblbly, than during the past twenty five
Years. In railroads alone, at least $780,
Eo1o 600 nave been sacrificed.
NV we believe all our financial dflcui
,ies NAV be traced directly Of Indirectly to-
,se abuse of credit. We have borrowed
mon,.y to do a | ,gitimate business, and We
have borrowed to speculate; we have bor-
we'd 10 build fine houses. and We have bor-
rove 10 buy stocks, and we have borrowed
\ bny bonds. We have borrowed Of Peter
q pay Paul; and when We could not pay
kpgt,r, we pot an "extension" Thus we
vent on with our clubhouse structure, uu-
Fl, all came tnnbling down. like many
!. wiser juvenile performance OF earlier
EdQys
The in u which we refer, notw'thstand-
Enr our great losses, may be summed up in
/ tae.fne tunsflf NJ ri
4 OF, W hpps, 10 b forgotten;
ISL That any credit system not only
|ea8ses TO be useful, but becomes positively
|gariou-. when greatly extended.
"a. That there can be no real prosperity
h here there is want oil punetnalty, and
Rba,any credit system which makes pune
[,uality difficult should 1T once be abandon
ea or reformed
IL. Thl,no person should ask for or be
kn,rmifted credit Who cannot clearly demon
|.,,ate that, nnler ordinary circumstan-
y, ~ can promptly !ulii all his engage
haents
4 4ih. Thatn, nan is worthy Of credit
Ewhateprf capjta'he may possess, who has
4. i an unspntt, moral character. II he is
/. rca u CrasuS, and yet Is a drunkard, a
s5suld be let ai0nc--se .erely.
5,h That ali persons %ho have the
/ aalty, with little sacrifice, to meet their
Payments promptly, even ia hard times, nnj
/ Nhp avail themseNe5 8! excuses, such I
II The high rate of eNcl1Hge, difficult vi
bake collections" "waliine for my pre-
|tHee t. rise" etc, etc, arr totally uaw or
h. Of credit. When pinch comes,
|lat promises d. such men are not worth a
|ush
9Th. Th1t thosn do not make the most
|m5nty who Do the most business, but those
ho mast relqenty realize The money on
H. their transactions.
III. Tint real s9uEjness and prosper
does not consist Ia h ytag ltrse assets,
y8, having valuable assets,
STU. That capitul diverted from regular
|gsiress 10 invest in my "outsiie opera
|, N j." is --- '.ali moonshinc," AMI
4 asu1lly followed BY anxiety, disappoint-
ben, aal justification.
9lh Ia real happiness does not con
s. In the abundance Of oar earthly posse $
lions, but in honestly appraprlating VIA,
have To ourselves and others, Tor the
,hest and noblest purposes.
l0h. That there cannot be real pros
pri,y without sound business principles,
/ alY uJre than there can real goodn2s o
H., without actual moral principle.
We are very much mistaken if business
/ man throughout the country h We not
|weII learned Of these l.ssJns during the
pas, two years. IF not. any ProvidehuaI
|haehin., would BE- in VAIN and worse than
/ 10 vain.
Animm-nse freighttrau arrived at the
/ DEPOT IN this CITY, Saturday atternoon from
over the Chicago and Aur, IA Railroad
/ consisting Of sirtg tong cars, each heavily
1al.d with produce of various kinds. II
/ wa' brought n by Two engines, ard as 1t
giet over the prairos and passed into
| tn city, It formed sight worth cooking
at The value Of the produce brought II
by the single truin could not fall short OF
| $4,000. Dom. Press.
CENsus OF CouScrL BLUFFS, Iowa
| Council Rluils. a lew years ago, was the
radisturhcd habitulion Oh bears, wolves and
| other Wild animals: now the ChrOnOtgDe