The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1855-04-09
Financial Prospects.

The leading organs Of the commercial
world speak generally in cheerful tone
concerning the monetary prospects for the
ensuing season, and it will he gratifying
news throughout the north west where is de-
sired most strongly release from the oner-
Gus burden which has pressed SO heavily du-
ring tie past winter Ease in money az
fairs in the Eastern cities, joined to the fact
that Western securities are steadily rising
in favor there. will not fail to exercise ben
eficial influence here, and do away with
numberless difficulties which the want of
ready capital has naturally produced, and
create healthier tone in business transac-
tions Our Debt abroad is but little, and
can scarcely he regarded as of material con-
sequence. The banks are strong, and unu-
sually so in specie and the present position
of the commercial interests of this country
is proud aud commanding. The drain of
coin to England and Europe consequent
upon the war in the Crimea, has almost, if
not entirely, ceased, and the receiptsof gold
from California will mainly help to keep all
things steady in the enlarged business which
in its natural progress, the country is enter
ing upon. The growing season is about to
commence, aud the extent Of ground to be
put under cultivation over and above that
of last year, is immense. Should prosper
Gus harvest reward the toll expended, the
United States will stand affluent beyond all
precedent in its history, and the disasters of
pas: years will be thoroughly repaired
Recent accounts state that there was an
increasing enquiry in the London market
for American Rail Road Bonds, and promi-
nent among those mentioned is the Illinois
Central Rail Road. The capitalists Of En-
gland are looking this way for security for
their means against the dangers Of the terri
bic commissions under which the Great Pow,
crS are now aboring. The increase in in
terest derived from Investments in these
Bonds, the release from such taxation upon
them as English securities are liable to, the
recently acquired confidence of monied men
abroad in the value of our improvements,
and above all the peace which reigns over
the land all act as powerful inducements,
appealing to self-interest, to turn the tide of
capital this way. and ensure to us during the
coming season a golden harvest, the result
of the influx of which no man can as yet
exactly measure, as to its lasting effect in
promoting the prosperity Of our country.
This state Of things, joined to the great
immigration which is expected, will largely
benefit this region. If the money market
is free, all operations for the discovery and
practical promotion of the resources CT the
Northwest will have ample room and verge
enough, and be sustained
In this Territory, especially Instant Paul,
it is strongly to be hoped that the good ex-
pected may lie realized Certain it is that
there will be a large influx of money,
brought by immigrants, and equally as GER
tain that goodly portion Of the accumula-
5 ions Of money East will find its way to
Minnesota, towards which the eyes of East
crn capitalists have long been turned with
favorable regards We may anticipate the
best; for our way can hardly help but be,
as it has always been-onward.