Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-06-16

W. Vss~ssrWys OsvO~w"su' v~f'"'
OsTY ~ DAVENPORT.
TUESDAY MORNING. JUNE 10. 1857
THAT IMPENDING CRASH,
The West is to the East, AS an I'M
mense saction pump is to a well Of
water poorly fed. Ii is exLausting all
the juice, all the energy and the wealth
Of the sterile hills and rocky daIcs OF
the older States. Its vast resources
developed and undeyeIopcd; its power
to bless the inhabitants with speedy
returns for toll and money expended;
its vast fertile plains that present no
obstacles 10 scientific farming by every
species Of ingenious machinery, the
constant and rapid increase of Che valuc
Of real estate, the l,niilcss coal fields
supplying fuel in the absence oftimber;
the nasigabIc streams, railroads and
other improvements; are such alluring
objects TO the thoughtful residents OF
the older States, AS to attract them
hlthcr, in spite OF the ties of home or
kindred Lake the children of Israel
they behold this land flowing with
milk and honey, and they are dctcrmi
ned To leave the sterile Ii lis where ne
thing but stubblc can be had for making
bricks, aud come here where Nature
has prepared the soil for such pur-
pose without the necessity for straw,
This mighty rush of people for the
West is full Of meaning. 1t suggests
the most Interesting reflections upon
the CAUSES that impcl the movement.
IL also opens new sources for thought
IN the field Of investigation upon the
political economy Of the Union, and
the variations Of soil, climate, produc.
tons and enterprise in the various see
tons forming a reciprocity with each
other, and giving employment to every
variety Of talent, and every species Of
wealth.
The East must abandon some of IFS
pursuits, rendered proiitlcss by the
superior advantage of the West, aud
become the Mandatory Of all the
other States. The looms, spinlles, fur
naces, machine shops, and cloths, wood
en- ware, hardware, other Of kinds man
uiacturing most flourish in the Nothcrn
Atlantic States, while the Great West
poufs into her lap grain and pork, beef
aud Hour, for consumption and Com
mercc The South must likewise hc
the cotton, sugar, molasscs, aud rice
raising region Of the Union. Each
must strive 10 excel in those pursuits
for which Nature has prepared them.
Neither Section ought to be Jealous OF
the peculiar advantages Of the other.
Each are dependant upon all for pros
perity. But the Journals of the East
seem to forget this E,rt. They see
wealth and population receding from
% L. la, l.,
arr Covering our plains with cities aud
villages, and they are foolshiy alarm
ed lest the entire East shall he depopu
lated. They employ every argument
common Ia advocates of Il bad cause
10 prevent the continued emigration.
They urge, cntrcat, threaten and pre-
diet the drcst calalntics to cycntua,c
from the movement. They tn of
terrible crashes in business which
never come; oftcrrblc rcyulsions which
never appear, and they are in despair.
Among the specimens of this kind of
insane croakng is the following viii h
We publish Ia show what the East fear
OF our growth.
The Land Speculation in the West.
tftom The Albany kvenins journal, May i3D
We are teld that certain bank IN -rtain dairy
county in the centre OF this Stat hid un d'psit IA
the ,pfins of 1856 the sum siIa,ooo money Of tr
farmers Week het,f. last it, deposit account foot
ed up only some t2ScWh, and the farmers OF that
county ~er" anNicasy borreaing mon tot then
spring oprst@ns. The deposits IN tn bank Lai
been drawn down for Investment in the "a, Wet
A tarttn vent directly into lands :of ris. The
'esi,iu, and the larger part was transmitted to be
LOANED at thr,c. four live and six per e a month
on real state security ant the T. gal assurance OF
unlimited usury laws. We have also been Informed
that tine surplus moneys 81 very many othnr couu-
ties Of this State have gone the same way the de-
posit' earnings of the dairy dist i.t We have
toned
That the loans thu. made will be permsnrnt. and
A~fully permanent. al, who know the West can Wei
They vii, turn ont, by the operation ofthc
bsnkt upicy Of the borrowers, simply Investment
In lAnsi Al enormous prices Abe Money will
hack here The pit u unlimited interest beyond
the Mississippi In toitomiess
We thus IN place our touch upon 90 the cun.
ne, tE,ns which Nv York has with WY scarlet
fever OF land speculation. nov buroing through the
West. Dry gpd- t,bbers, growers ha' DWARF dealers
and ciotbrrs In New York city place the, nugrs
other cords which tie all 10 tn. patient Of this
fbril- disease Its puisaticns are there f. through
baught land grcei,ly and hsv, grcerry clutc ed
four rrr ut month Tor money really b longins to
New Workers. but which II withheld from them, will
beer Only even per cent pr annum interest.
Ia the m canwhlr. 50 far East a. now tie Burssu
valley in the grazing Stat OF Illinois, butter tear.
the prie Of nfy cents pound. and Is certified, and
truly too. 10 be Vermont manufacture. bushel OF
white beam the~c also eagerly taken at the ASKED
prize Of two doArs-not for snmrtion, bu, tor
speculation NJ Rock Island, where they are 'brisk"
At three dollars. The farmers OF the Prairie SITE,
and the owners q gArdeu lahds IN Its vllsgcs,
raisns cities and breeding towns The dis-ssed
agriculture viii blast and mi'dcw them and theirs.
Happy day will u b, the people II America
when the las, acre OF land sold or eiv-
en- away. The magnetic power " NV On pcpula
ton aud capital from the East and the irre.st bic
sinulous TO pecuative enterprises and risky aven-
tures lies all through this ten shilling domain. Rich
IN quality, cheap In price--tne steady ma Of The
very best emigration from Rurepe, aud the natural
refuge OF the unfortunate In Ameti a--popu.ati,n
and industry will never become nxc and thorougal ally
ORGANIZED With TIL quit claim and fun covenant
deeds are plaste red ahnv the laid warrants In the
West aud the public domain Is substantially thug
OF history and MT II property
IL said BY statistc'ans OF reput alton that the
actual need u public lands At but ten mil
Hons o. acres p~r AMMAN. The amount yearly pa
tent ~ aud warranted AMI granted To railroads Is
more than double thst. The quantity constantly
yond the demand.
'scsasA" tmvends over the west when 1, comes
Il Wiu ~ ~ destructive than that os 1851 which
vas the result al Wild speculation In raj relate onv
kaNau - IN he "a lr.a~ tt,h