The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-06-25
Job Press Ter sale.

We have Tor sale Job Press OF Mon.
tague's patent, manufactured at Hartford,
Conn. We used il year or more, until j,
VAS superseded BY other machinery, and
have now no further occasion for it. II
could be made very serviceable 10 country
okce, and We will cell it ct . bargain.
spscalatAen, = Crisis, and n Crash q,
she West.
Esstern men who travel West for purpose.
Of observation, with no view Of mierstipa
hither, who look 1t things with Eastern eyes
and whose interests are identical with the
prosperity and relative Importance Of the
ksst.-writs dolorous letters home, predict
ing dire and certain ruin to the whole west
srn country. Speculation 10 frightful ia
think Of. Prices run up with rapidity be-
yond belief. The staples Of life, the wage.
Of lsbor, rents and rates Of usance are be.
yond Eastern figures. 1t il an sxaggeration,
nonstroas imitation, = speculative bubble,
and explosion and disaster will follow, mus,
follow, certainly and inevitably. Eastern
newapspers join 10 the cry. Timid men at
the West believe the same things, and trem.
BILE. And this kind Of prediction and effort,
this conviction and the sedulous effort to
propagate the belief, does much to bring
shout the state Of things predicted and de-
plofsd.
Now We are free to confess all the facts
that have been stated, that can be proved
and that have been made basis of srru-
neht, The amount Of new lands purchased
has been large. The prices Of real estate
have been greatly and rapidly advanced. La
Dor brings greater remuneration West than
East. The rates Of usury are high,--to an
Eastsrn man they seem extortionate And
here, in the midst Of our fertile and limitless
prairies, wheat, corn, and I'll the necessaries
OF life are high, and average nearly ~ much
- they DO in the markets which ore supplied
With bread and beef from this very REGION
let We never wrote sentence with more pcr.
Feet confidence than we do the following the
croakings, the predictions, the fears OF : cri.
sis and . crash at the West are an egregiou.
humbug. 10 all the ndebtednesss which ex.
lists, in all the speculation which RACES. in
oil the influence Of fear and detraciion, Of
Ignorance, Of Misrepresentation, and rivalry
ofinterests, there docs not reside the power
which will or can produce widespread OF
very important monetary disaster a. the
West. II we suffer any such disaster, it will
be in consequences Of some unforeseen and un.
avoidable circumstances which will affect u,
in common With the rest of the country, and
which will Affect us ~ little ~ any body
There 10 nothing at the West from which
such state Of things can be predicted. /.
respect Of this matter we viii speak listl
farther on; but 6rst let Us consider some o
the positions Of the sroakers, and the motive
which possibly animate them.
They say prices Of breadstuiIs and provis
ions are high in consequence Of the aban
donment Of the proper pursuits Of indastr,
for speculation. We acknowledge the fac
bat deny the reason. Prices are high 10
s~o causcs; lss, Ne had last season to fee
an emigration almost unparalleled even j
the snnals Of the West. Ind, the remark,
Die length Of the winter season required
greater proportion Of certain staples than
hardly ever demanded. Those are the eau,
-, and the only causss. Al IL was. IL y
bad not shipped so much Of our produ.
abroad, or could have anticipated the fall Z,
tent Of the home demand, prices would ha,
been lower. The proportion Of our Poop
actually withdrawn from industrial pursui
to attend solely to speculation, and the cou
Parasive amount Of means % employed, I,
king the country together, is too limited
consider.
Reasoning from statistics previous TO ISIS
they say that the proportion Of land pu
ehased and not needed for improvement.
from 5oto loo per cent. greater than the
We notice this argument made in one a. il
ablsst statistical journals Of the land. B
- II not foollshness to presume that nxces,
riiy, or probably, the statistics Of the prese
time are identical With those Of seven Yea
since Seven yesrs il An AoE 10 the We,
What has not been compassed in seven Yea,
Look u the immense extent OF our raiiro
systsn. Nearly every pound Of iron west
ladisna and Michigan has been laid in /
lat seven years. Whist was lllinois. WI
sonsin, and lows then Minnesota, Kans
- Nebfaska were nameless seven year, az
1o, ~ statistics are not the same, precise
r. pspalasion has slightly advanced. 4
prpdaseies Of wealth has been : tribe
srsassd. A solitary fact, viz that chiea,
village Of 1900 inhabisan., 1t that lin
Aas rissn 70 - ~ greatest grain market
tAs world, signiAss something 10 this q
asetion, for IL rslstioas - this Wests
seuatsy have not bsss natssisliy chang
y ~ general statistics II Tho West, ~ j
to-day, -the number Of IT. popalstion,
@sae1k " their labor, aad tho sxtent
tAsif opeeations, --couid be obtained,
soa6lestly bslisvs thai Il would Be fou
thss ~ rseesSttes d lasd bought On sp,
alaliea wsaiA Provo y - not grestsr,
- natEislly srsatss, sow thaa ssvsn ye'
-. Osagi6er - lasasnss soastsy u