Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1855-07-26
farmers Department.
-'--'-,s-,--,'--''s' at
Heads up l--skies Bri ight !

Il
RA.rs IA, beer 3 most desperate effort msde
S,,-;o0 .hs wear past 10 convince the world,
80 81 oopyincs ourselves. that we are all 60
~, ;nto a crisis,-a general wind up,-a wipe
~ snd begin sgaia state OF things but
shsra vas really very little TO found such an
asa anon. The country had doubled its wealth
in 6flsea years then coin had trebled, there
Wss uaoneY enough. There vas state oil
nrO.Oerily never realized before in our nation:
IL wss impossible that such season as that oI
isseT ooVid occur. Yet many thought We
vsra apuroaehing a general bankruptcy, and
ssn usa hardly undeIstand why 1t has not oe-
CURED But they must learn, bad as Il IS
thai ths prosperity, wealth and business OF this
country was placed on too stable foundations
70 be shaken by every wind Of doctrine OF WhIii
Of slarm. The causes which gave any real
color 10 the alarm Of last year are really pas
aing aU Al, and we are about commencing
wear probably many years-of successful busl-
neas. in all branches, and with the elements OF
i,vesIth and greatness all around US, ready to
be developed by the hands Of industry and
skill. -
There are several reasons why business will
noE increase. credit be unlocked and conf |
dence become established.
I, The experience Of year has proved con-
slusiyeIy that we are in far better condition
than We we're in any of the previous conVul'
sions Of the country. The country is older,
richer. with more resources of every kind
This Is now seen and known. Those who be-
fore expected crash, have now learned that it
i impossible. Confidence is restored, because
II il impossible not to have confidence. The
a ...-.f I. vvho haua Loaf half their
'crous, are not touched even with the appear,
ance of misfortune. Merchants have generally
stood the shock to credit.In one word the storm
has passed, and scarcely left an evidence Of its
existence.
Q, Phe crops Of the country are so abun'
daut, that they will take away all idea Of scar.
city and diminish prices, The deficiency oI
the crops, as an element, inthe general embar'
rassment Of last year, has been oversted.-
Still that deficiency was very great, and had
en- important effect in depressing confidence.
and in locking up capital, for want Of those re,
turns which the sale Of surplus crops always
afford.
Without some unforeseen adversely the crops
of this year will furnish, not only enough but
3 surplus. AS the year advances this element
will be felt extensively in the business transac-
tons Of the country.
3. The liquidation Of debts and dminulon
Of credits, arising partly from alarm, and partly
from necessity, occasions much less demand
for money and also constant accumulation o
capital. The consequence is, that there is
perfect plethora in the money market. II i
impossible to keep up the past high prices Q
money. The great reservoirs of money ar
overHowing California is again increasing he
yield Of gold The balance Of trade agains
us il nearly paid of, Our credit is increasin
abroad. Credits will soon seek new outlets
Cor the merchants have been dealing largely j
their own capital and taking little credit.
4. The war, in Europe, whether it contiu
ue or cease, will after this, soon result in greF
benefit 70 u.s. If the war ceases, capital an
credit in Europe will be at once unlocked an
find their way in large masses TO America.
The war continue, all the supplies we can poi
sibly furnish Europe will be needed.
5. Under these circumstances the interest
money will fall; the price of produce will ia
and capital will again seek investments
Railways. II is perfectly absurd that good
per cent bonds should sell, at rs cents on th
dollar, las they have been (which is nearl
10 per cent. when money is hardly worth 6 pC
cent. This state Of things can not last. Raj
road bonds are in ninety nine cases out of
hundred perfect security, and good pc
cent bond Is really worth more than par
These facts will soon work out new results
Railway bonds will be sought, even on th
new roads, and Railway construction will G
on.
g. The hew crops will immensely increase III
trafic on the Western Railways, and with th
increase the eyes Of the public will be opene
The Railways will make great profits, and
will be seen that the public mind has be,
very much abused and mistaken in regard
Railways.
In conclusion then we repeat--'heads up
skies bright There is an opening now to eve
oue, who is willing to work out his own fortun
There is credit for all who ought to have cred
There is money for all who are willing to ea
il. There are natural resources in the coul
try, which hundred million Of people cann
work out in thousand years. There is ever
pUovidential, civil aud political blessing whic
can be coveted by any people. Go ahes
thenl Get up stsaml Shout: For the day
breaking. The clouds are gone and the 81
isOut.-[o. Railroad Record.