Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1857-10-21

- aaoslng fur moro hank ssssss. =
or paper u Fsiasy " pabliahea ; lsa-
Gar wriasan 10 lie n. z. 9sssss ID whisA
Ne writer soek sas ground thss he banks
oaxka 10 axasnd thsir accommodation.
We think that whiIs haaks are allowed
10 farnash and control the caFsnlaaln
aassaian Of ina sountry, that shsy 0agha
10 ID manaes aAeir affairs ~ y pre-
Faaa panica and pRassuras. Tier A=ss
nlBs auns =, ama The pssasuss 80 fnA y
zaa0n shszn, IL thsy sAn withssaad Is shsy
viii do vail, and We think thas i woala
b a 81 Aonasring ca madneea e lszas
! neg hsash "a prosaisss % pays q ne
yary sims VIXEN their old pEomises are
hefns aaal hams fer rsdampsioa nisI
IA saay mattsg 10 talk abouA nakiag
aonsy easy By increasing the bank i
saas but II IL not as easy y master aftar
aha issues ara nade, 10 Greats puhEis aon-
adaaes 70 Sustain them. while tbs pzah-
lie hssa confidence Ia the ability az the
banks 70 redeem theiF paper, if thFs
wsse million Of dollars in notes 10 cir
snaasion Tor every dollar ID apsais In
shsiF vaults, sl would be we'll and tines
would be easy bns when eonadanss lsI
shakea and tbs bills begin to run hemsI
10 the bankss il would be folly in the sx-
treHas 70 sry 10 stop the run, by increaa-
ing ths iasaea. IL this position be true
sAys one, thsn what Il 70 be done. We.
answeg, lei every one assist his naighbeF
by giving him time to change his prop
srty into money. IL A owes B let 8 giya
0 time 10 change bis property int mon
q, nothing can Do gained By puahings
sgowding and running upon one aaothsgs
As soon might we expect q muday pool
10 become clear while a thousand pad
dies were stirring it from the very bot
tom, as TO expect the panic and run TO
seaae, while sysTy man is pushing against
his ssighboE. But says B, owe A and
G owes me, and to pay A l must collect
from G, and @ from D, and so On thro'
the whole list, That is tyus as far IS B
is concerned, bat like the alphabet there
is beginning where indebtedness goes
40 farther, and there is the place TO ease
the matter, let those who are not press
ed for money give time tothose who are
indebted to them, aud the pressure will
cease al once. There are some in the
Eeommuuity who are not pressed fer mon
Esy,-who do not owe any one, but have
large amounts owing to themselves, If
they would show little lenity-giTs a
Little time, the panic and pressure VOID
cease and monetary affairs OF the eoan-
Try would become ciear-money would
be easy and the usual prosperity every
where exhibited few months since, VOID
again be restored. Persons may talk
about extension of bank issues, ~ =
means Of relief, as much as they please,
but in our opinion nothing short Of the
course indicated above viii give the re-
Lief required. Inview Of all these fasss,
we say let confidence be restored, La
those VINO are able to wait for the mon
sy due them, cease pressing those inbeb&-
ed to them, and confidence will be re-
stored &ad money will be easy. Il ID
the over issues Of the banks whish has
induced speculation and has led men ts
promise to pay that which they have not
gss, and which they cannot get st this
/. tiuae-money. Time alone will enable
them to comply with their contracts, and
whether that time shall be granted or
mot depends upon the iron conscience Of
the monied Shyloeks of she county
Has the country any reason 20 indulge in
a hops that they will release their grasp,
and make times easy? They live by
shaving and taking advantage of The ne
eessities of their fellow men-They give
him about one-fourth what his prope rty
Is worth, when they find him in 3 tight
place, and desire him to regard i as g
great accommodation. Then wo eaa
expect no faFors from them. Wha4 il 10
be done? We say help one anotheg-
work through the present difficulties as
best We can, and then set our faces
against all banks Of issue, for TO them
We can trace all of our embarrassments,
troubles, pressures and panies. Il Is Of
no use to look for relief to the moniad
power Of the country. Now IL the time
for that power TO exert its influence and
secure TO itself che hard earnings Of the
iaboring classes. IL made times good
aud induced everybody into speculation.
1t now makes times bad by withdrawal
Of its funds from circulation aud aeaks
to reap its harvest OF Of tho deprecia-
ton which it has caused. When the
people learn to depend upon their own
industry to make themselves rich, they
will progress on a cure basis. While
they depend upon banks and monied
monopolies, they are sure to bs disap-
| pointed. Labor produces sperythipsq,
banks Hothing- Labor supports the
5anks--banks live OF of labor, and the
true cause Of the present panic, lies In
the attempt TO reverse this known and
acknowledged principle,