The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-09-26
n cs.1Sssss Z I.s..

-. -.
II csn1Seese = less.
NWehAve saM d. he We6pasas nev1g ID
htst conl ti0n t1h Inow. I'D 10 hqk(
sd that p61ticulN Nj OIL lowe lis trS
~ do mot 1lsAa6y his, ho4GvSN thai
sect Of snastsr 81 cur nd =.
c1nge, ~ wee never % abdda1(ly sep-
pI5ed. That would not BE- tfua. O1kbdnk.
srs hare small deposits East, thWs i iittla
due 10 from the East, and currency u ven
SCARCE. W. nedn that The heschantlble
property was never befofS 90 great in pro.
portion to the amount Of indebtsdness. Tia,
proportion Of property which d instantly
available In the market, consisting Of the
seasons sFops, y not ready for 1asEetine.--
We shall mot, therefore, increase the amount
Of our Eastern credits, and Of currency foI
homo cow enience, until the crops have been
marketed and the currency shall have had
time to make it, way around. extinsuishina
the debts and lubricstins the channels 81
business.
Iowa 4 not yery largely n debt. Webe.
l;eve. however. that Il r. true that aha 4 = erv
cenerallv n debt- that e. M ! yery largs
nronortion ~ her peonle Ara r.. deht more q,
less. This needed not 10 have been 90. vel
4 has become 40 bv yery natural nrocess,
Our crop. last yeaf. was below a average,
and onr cold ssason Va vcrv lone. vhscR
two circnmstances. being stated toeether. l,
enuivalent 10 saving that fpracticallyl our
crop was yery mali. NotMithstandine this,
Il the marchante 81 the interior had employ.
ed their mean n linuidatinc their oblies.
lions for the roods WHICH the Stste was CON
snminr. inatesd az Investing 40 largely a
real sstate. monetsrv aHa7,s vonl3 raw
been easv. until this moment: or. Il they
could have anticipatad the shortnesa az III
crop. probably they would have been more
chary of investments and have retained
money enough 10 have smoothed the roo
TO the present harvest. But real estate "a
brisk: It was daily rising in value. under
their ewes: the promise Of the crops in the
early part Of the season Was good: The
tamntat;on "a ;nye.t 81 least ali that IN
promise Of lie crops would Justify. and I
little more, was strong; very naturally,
they invested. The Drops shortened On
suddenly. The season proved remarkably
long. Their creditors could not pay
Their money was locked up. Their profits
were not available. Consequently they
could not nav the wholesale dealers, ct
home and abroad, the currency coming into
the country was limited in amount, and oil
that could possibly be spared was sent out
of it to liouidate the foreign debt.
But we said our debt was not large. II
was not. Our people were very generally
compelled to obtain some credit before the
close of the cold season. But they acted
yery prudently. Thew purchased a. little a
possible. And during the spring and sum-
mer they have been as economical as they
could. The crop, this year is magnificent.
Everything but corn is Of more than average
bulk, and promises to be of more average
value. From present appearance. though
late planted, even the corn will be the heay-
lest crop that Iowa ever produced. If that
should prove true, and ereyv crop should be
above, and near eyery crop oreatlu above,
the general average. "A in that case would be
true. the close of The season will find "a with
a far Greater amount az movable. merchant-
able Wealth" in nronort;on To onr ;ndehted-
Nos thor Nc sra- bad hafnro Indasd no
shall hava that M matter how rnfavorshie
the hai.ncs of ihs Season nav hs for corn
Rnt how lono viii = ho hsfo-e Tho money