Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-08-07

For the New York Daily News
The Great West.
Al the present time, much public at
sention 10 directed westward, much con-
.ideration given to the business prospects
and Inducements to tho Eastern capital
ists and laborers there offered, and many
are deeply bordering the probability Of
financial reverses bringing a speedy
ruinous in its effects to the uni.
versal Western country. The Now York
Tribune, while appearing to advocate
the interests OF Western settlers, and
present fairly the advantages to DO dc.
rived from . settlement in respective
Western localities, presents tho public
likewise 10 nearly every later number 40.
oompanying articles, predicting q none
tary crisis, and the inevitable result of
the general crash 20 confidently forstold,
hard times for the people. Tho influence
welded by this journal, notwithstanding
ito numerous idiosyncrasics and moral
and pO litical peccadilloes, makes it an
important object to the public to under
stand tho correctness OF tho statements
and soundness Of the logic there presen-
ted for popular edificat,On and belief
Hence, . consideration OF the facts in
she case, by resident Of the country in
question % atttested by attentive obser-
walton, and little personal experience,
may be neither improbable nor uninter-
estipg. That the land mania continual
y rages in the newer portions Of the
Western States 10 an undepiablo fact,
and that it will continue t. do 90, as
long % the rspid growth o! citics AMI
Villages, and consequent great increase
Of the price OF real estate makes it o
paying investment for those possessing
capital. 10 equally true. Thus it has been.
now 10. and will be 40 long a. money can
be made more rspidly and essily than in
other kinds Of business Like other do.
partmsnts Of human labor, tho owners Of
Western lands are TO be divided into
distinct Glasses, 20 resident and non resi-.
dent; those OF both who improve lands,
and those who do not; those who pur-
chase large tracts in compact body,
and those who buy but little 10 any one
place those Who deal exclusively in az.
ricultursl lands, and those who deal in
town Tote only; others who buy, sell and
trade in lands OF any and ill descrip-
tions, Co., &c., which the limits of .
newspaper article will hardly allow Q
more detailed account Of. Again, there
are among Western land dealers some
regular sharks, who are devoid Of oil
principle, destitute alike of humanity
and honor, who make real estate specula.
tions the basic Of fraudulent aud swim.
XA1;.~ non,>e;cr. . . nj ,v, &h;s a 4. III n, -.
kinds Of business, abuse what really 10
IN honorable and legitimate business,
quite % much 90 40 Philosopher
Grselsy's philsnthropic profession Of
politics, or svooation Of printing. One
ides ssdulously cultivated, II not i'm.
plioitly believed by the Jupiter Tonans
OF The Tribune, aud quite prevalent at
the East, especially With the readers Of
that paper who are accustomed to pin
their faith, spiritual and temporal, upon
tho ipse dirt OF the editorial fraternity
composing the household Of Tho Tribune,
relative to the whole Western country
being one grand thester Of operations
for ovsvgroWn speculation. 10 . gross or.
ror. There, % in the Eastern States,
different localities have separate inter-
ssss-ass psopled oftimes by distinctly
Differing klnds Of people, and pursue
mechanical, q riculsurai. or professional
business, asmay bs most profitable or
ceneenial.
The spectators, % called, after oil, are
but email portion Of the Western pop.
ulstiou. The two great Glasses Of pro-
dusees end consumers, there, - else,
where, comprise the bulk Of the people
The bone and sinsw Of the country. Tho
industrious farmer, mechanic and labor.
q ere NOS to be seriously affected BY
The great 6aaDeial esisis, granting It
must cad will come. and also that it will
eEsssd over ths whole Wsstern country.
Neaehboring communities, townships,
oountiss, cities end Villages are singulsrly
oelf dependent there, and pros.ration
Of business 10 ono little village or grow.
ing city slness invariably builds up .
nos distant rival. Nothing short Of 90
utssr failure Of crops can ever make
serious, much lees ruinous Impression
upon the prosperity OF those Who have
he means Of subsistsnos in their own
Asads, or - with the mechanic and 10.
borer there, when their labor 10 % nec.
eesery 70 the farmer - the productions
OF The soil 70 the astissu. The time hss
never Jet been known sinee the settle.
1sss Of The Mississippi Valley fairly
eomnsnesd that there has been an maui
1eisasy Of The neesssasiss OF life produc.
Cd west Of Tie Allsgsny Mountains for
he eoosaopsion Of the inhab,ssuss. Il
% tsue that seasons Of local soarci tiles. A.
il NostAsea Michigan The present Sum
Dee, occur. Bot more favored rseious
osae q hsnd have ever % yss had
sssoough end 70 spare" Shipments Of
beeedeeuGs, o. . business from the East.
westward, Notwithstanding the immense
tide ef saigrasioa il that direction, has
nssse takso plase end 1sver will take
plsse. The so-eallsd 0ranasy Of The
Wesl6, = ~ valley drained By The
yaaA9 q Watsss sad tributaries and 70
- oouoA ~ ~ 0seas Lakes, will cue.
~ aeeooaet1y : popslasioe of two
- :: =. .s.;:: = =. =:
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