The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-07-02

We have for sale Job Press Of Mon.
tague's patent, manufactured at Hartford
Conn. We used it year or more, until il
was superseded by other machinery, and
have now no further occasion for it. !,
could be made very serviceable in countr,
Office, and we will sell it at . bargain.
western OBSERVATION-DISCLOSURES
opinion.
In an editorial letter to The Boston Trav-
slss, dated 1t Keokuk, We hnd more truth
ful view Of the state Of affairs and prospect,
1t the West than is observed in many Of oul
Eastern exchanges, most Of which seem to
think that because We are draining their re-.
gion Of capital and enterprisinE men, We
must therefore be going to destruction "by
the lightning line :"
My observations have certainly been hasty,
they may have been superficial; but such a.
they have been, they lead me irresistably TO
the conclusion that commercial writers at the
East are wrong in bling to speculation 10
Western lands, the present stringency in the
money market, and furthermore, warning
Eastern farmers not to emigrate to the West.
For my part, believe that II many who still
cling to the East we're to come out to the fer
tile valleys Of this great West, it would be
greatly to their advantage. Where they now
are, they can hope for but little more than
they already possess. Here, there 10 nothing
reasonable or desirable for which they may
not justly hope. Now it seems, and is very
plain proposition, when the best prairie lands
Of Iowa, than which the sun never shone up
on lands more beautiful, can be purchased
for from 81 ,225 to $1,000 per acre, and when
one acre Of that land will produce from forty
to one hundred bushels OF corn, and when
corn is worth a. il is, and will be for years
at least, so cents per bushel, that farming in
the West must be profitable to an extent
never before known. Here, upon the same
extent Of ground, three-fold can be produced
above that in New England, with scarcely
one third the labor. There are many other
facts, Of course, which should epter into .
correct calculation Of the relative advanta-
ges Of farming at the East and the West |:
such a. the price Of land, and the notorious
fact that for twe-;hirds Of what 10 produced
on farm, there is better market here than
in New England. The advantages are ali on
one side, and will be so ~ long a. immigra-
tion continues. An old lady residing about
twenty miles from this city, informed me the
other day, that for the last year the income
from her poultry yard was some IS, 90 per
week, during nearly the whole year, and that
during the same season her cows paid for
themselves in few weeks, and we'll they
might-with butter ranging at from 25 to SO
cents pound milk 5 to : cents per quart /;
eggs from IL to ~ cents a dozen, &c. &c.--
Many farmers who had not the means TO pur.
chase farms are getting rich in renting lands,
paying from 81 to 81 per acre annually, for
farms under cultivation, and with the neces.
sary improvements. Lands within Is miles
Of the city can be purchased now, for from
- TO $50 per acre, and that too Of the very
best kind of land, having the advantage Of I
market for every kind Of produce better than
even the New England railroad towns pos.
eees.
IL seems to the apparent that it 10 not the
speculation, but the short crops which hays
caused the stagnation in business that now
exists almost universally. When money u
invested in land, il remains in the country,
and cannot directly conduce TO = scarcity. -
Ba. when m new Is invested in tilline the sol
and the crop fails, that amount OF capital ia
thrown away, is destroyed, and it 10 this
which condnces to stringency in the money
market, and consequently to stagnaiion in
business. Now IL notorious fact that two
out OF the last three crops hsvc been, as to
some important articles Of produce. Amos,
universal failures. There have been lwc
very cold successive winters, late springs and
dry summers, which have 90 affected the
crops that in the midst OF the richest corr
growing country in the world, corn has sold
at even IS bnshel, potatoes at So, and CIV.
erything else required for consumption, q,
the same rates.
Now anv one must see that whether or no,
there has been one dollar invested in land
more than WAS actually cultivated, the pres,
ent condition Of things would be the natara
and inevitable result Of such crops. 1t is Il
my mind equally apparent that il the crop
mad been universally good and abundant, i
would be impossible for the present state o
things TO exist.
II is simply folly for papers like the New
York Herald and other croakers TO compar,
toe present with the times Of '3G and ,37
and 10 draw any conclusions from the one /,
apply to the o3her. We have no Unite,
States Bank nor any other moaied monopoi
about which q jackson and Biddle ma
quarrel, and which expiring, unprepared fp
death, shall again shake to their foundation
ths ansnces Of the country, and engulf i
ram the business and tho property Of mil
hons OF our citizens. The country 10 bo
nov, rs then, flooded with worse tina
worthless currency, created by an lilly di
gssted system Of Legislation, to supply til
place Of defunct National Bank. Then til
country was full of produce for which Their
WAS 10 market, SO that farming, which mus
ajways be our great resource, and cons,itu,
the means 81 our national wealth, was u ru
inous iavcstmeni, even in the mils, OF th
most beautiful crops. Now our sggrega,
carrency il OF healthy aud reliable charae
ter. almost Ne safe ~ could be reasonably eI
pecied or desired, while every article Of pre-
daee Is in the greatest demand, and farlnin
has become The most surely lucrative cm
pioyment. Its evident, thereto ore, ths
ali NC need TO relieve the present stringenc
IN the money market, il good and uulscrs,
crop the coming fall, and for that, the pros
poet, 80 fur ~ ! have observed and inquire,
IL good.
Frs IL ST.. Loris.--The drug store {
barnard, Adams 4 Co., and adjacent build
ings, on the corner Of Washington Avenu
and Second street, St. Louis were destroye
By Gre on Monday evening. Loss estimate
It e200,0o0.