The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-09-05
[Corre.pondence of the Qate Citx. !

New CsnssAsasaon ~ Iowa..sAe Pan
te..ths Wsss..shs CrsPs-.NsveitIes
.Afieat..KeekuA Ahrsaa, CSC.
ST. NICxoLAs Horn,
New York, Sept. l, 1857.
MRSsRs. EDIroRs Although IL 10 only
four weeks since l left Keokuk, it really
seems as many months. You travel 90 far,
and visit so many places, and SEQ 20 many
sights, and so many people, in one week, it
10 impossible TO realize that it has oil been
done in six days.
The breaking of the submarine cable
again is a great disappointment to all the
world.
II was hoped that by this time daily dis.
patches would be ssing between London,
( New York and Keokuk. shall not be sur
prised II the laying Of the cable proves a
failure.
was rejoiced to hear Of. the adoption Of
the Constitution, and that our friend and
fellow citizen, Judge Lowe, was nominated
by the Republicans for Governor. He must
be elected.
The article in the Constitution limiting the
Indebtedness Of counties and cities to FIVE
per cent. on the valuation Of their property,
is regarded by all here as = wise provision.
Should the time como again when bonds Of
any kind will sell, it will add greatly to the
credit and price of the bonds Of the coun-
ties and cities Of Iowa.
There has been great panic in Wall street,
and in fact all over the East, in consequence
Of the failure Of the Ohio Life and Trust Co.,
and the other large failures among the bank
ers and merchants.
Some Of the gamblers in sugar and me-
lasses, as well As gamblers in stocks, have
gone by the board; and it is to be hoped that
oil such operators will be brushed out Of the
way of honest dealers. The sugar and mo-
lasses monopoly will turn out very disastrous
to many. 1t is held by the acre in Bostor,
!. e., there are six or eight acres covered
with casks Of sugar and molasses. Molasses
that the holders short time since refused to
sell ut 10 cents per gallon, they are now
glad to get 40 for, and it will no doubt 20
down to 20 or Is.
Now then, failures produced by reckless
stock gambling and reckless living, though
they create an excitement and cause nine
days panic, do not to any great extent affect
the general business. People continue to
eat, and to drink, and to be clothed, and the
world movee on - usual.
l have encouraged the panic stricken ones
here by assuring them that the west will
save the country, and bring them oil out
right ip Wall street yet.
There is very great depression in the stock
market, and sales cannot now be made
- any extent except at minor rates.
Missouri state stocks sold in Wall-st. to.
day at COZ. 1t is q fixed fact that all rail-
roads hereafter will have to be constructed
BY the people of the country through which
they pass.
] never saw the country everywhere look
as line as it does now. The crops are large,
even in New England, and the whole face Of
nature is attractive, and has all the fresh
appearance Of June. Everybody is improv-
ing this fine season, and wherever you 20,
you find all the conveysnces and public
houses full and running over.
Something new is always being started in
the East in the way Of business and inven-
tons; and why should it not be 20, when the
yankees are As thick a. whortleberries p
When in Salem the other day, was not lit
tie amused to see the gentleman gas lighter
driving from lamp to lamp in two wheel
carriage, and, without leaving his seat, with
long pole would open the lamp and light
the gas. He drove as II the witches were A.
ter him.
see funny thing here daily, and when
mention it, the ladies of Ksok uk win want
the business introduced there. l think hear
adozen Of them enquiring what it is. Well;
tits no more nor less than . gentleman with
fine span Of horses and fine open car
rage, peddling female servants. lie drives
about the city with his carriage loaded
with them, delivering them to order, and re-
ceiving orders for more. There 10 painted
on the carriage in fancy letters, "Domes.ic
Agency" The girls get ride in fine car
riage and seem to enjoy it. They attract
more notice than any Of the lady million
aires who ride in costly carriages along the
same streets.
think there is more attention turned to
Keokuk than to any other town in Iowa.
The citizens Of Keokuk may now afford to
keep silence in regard to their city, for she
10 extolled sufficiently BY outsiders, and 10
spoken Of everywhere a. the great and fast
city,-the metropolis Of Iowa.
X. W. d.
"a ~ H.; L. fiat.