Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-06-09
CITY OF DAVENPORT.
TJnsDAY MORNING. JUNE Q. 1857.
Panic 0akers..-...The Interest OF tho
Woo2

There IL class Of shrexd "fina nc,.r-"
In this country operators in fancy stock.-
and alar,nists and shemers In the world Of
trade and Commemorative, when they
have point 10 gain W q selfish object u,
scrompl,:h. resort TO the policy o, creating
Hs"ses-fr'ghtening the timid by prognos,
naung financial crisis." and shaking
public confidence IN all matter. of credit
ana finance, by huliaboo stories Of coming
"hard times so often have these bear. re
peated this game successfully in various
departments Of trade and speculation. that
II see'ns incredible that the public contin
We 70 be influenced by their hypocri,icaI
croAkinga
Al the opening Of each years business.
These alarmists are particularly cianorous
and dolsful in their discouraging and mis-
chievons policy They attempt to sh"ke
heaven and EARTH Ia oried to convince the
world that there will surely be- short crops
ofgrsin. and that. from some cause or 9th
er. there will be tight times and u tire
meneous crash" This game is Just nov
being played, when the fact must be appa
rent To every person in the land and 10 eve
ry intelligent business man. that the pros
pect Tor m abundant harvest aud for
hattering tran they are at this mvln.nt.-
II We could probe the private motives by
which, these alarms are attempted to be pro
duced. We would ascertain that the " hole
secret lies IN the fact that the authors have
MI object VI their own in view, by which
their own speculative interests are to be
advanced such mon would immediate
whole nation upon the altar Of their cupid
IA / IA .i.it,as H., IL
pockets with gold.
lhis game. W. may here reInaik <, is also
just nov attempted to he PLAYED in another
aud altogether new direction The iandin-
ferea 10 the object Of their present croak. |
'ngs. There IS going 10 be All awful
crash. they pretend, among the holders |
Aad dealers Of lands" And why IL.
cause. they say. too much of our capita |
10 Icing Invested and too much of our cred |
II being stakeI in land sp-culaiions Well |
what ot that IL not real estate AWAY
worth NJ much as it briugsy l. il not II |
good and always sale investment Is not |
the land in constant demand. and must moi |
that demand be supplied, Are Lot the
new lands cheap, and do not men buy and |
sell them ut cheap rates. When paid Tor, |
~ ia nost instances they are immediately |
ON purchase. are they not good and .aIua
Bile property lIow--in the name OF com
mon .ense. we ask it--how CT. there he II
general crash ia the land intcres, True
Il ia that il u man Is foolish enough to risk
III. credit. on high interest. beyond his
ability to meet payments. he will be taken
bv crash But will such exceptional
cases produce a general crash = Not Is
folly To reason thus =.
These representations by eastern PIN
losophers. that there will he reaction III
the real estate business Of the West. have
been repeated fos the last five years, ana
vet the business is ns sound. safe and secure
nj this moment. ifnot more 50, than II
ever has been--and judicious capitalists
and Spectators feel more secure IN their
investments in real estate to-day than they
did year or two years ago. Ihe secret "'
III. efforts on the part ii eastern men I"
shake the public confidence IN tins mat
ter may be- found in the important fact that
eastern capital is finding its way hlther
ward a little too fast to suit their Owl sci
fish ideas In this consists all the milk III
the cocoa nut" But their attempt I" ere
ate = panic in this direction. Viii rr"rr .h
tjrely futile. The land in,rrrs, l. US hrn
reliable, profitable and sair "~ any deI"r.
ment Of business Ia y e conniry. ana son
will continue to he We have no doubt, ~
lonu as there il land L. sell.-Hed Estate
Meas Letter. Chicogo.