The Burlington weekly hawk-eye. [volume] (Burlington, Iowa) 1857-1858, 1857-10-21

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These ~ t,neo aehicA tesa ~ Qualities y
lnnen suoos ahoreunafy. IL = eaay aoahAMdg
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III e fequieea IL enspeta ~ - hiehsesy and No.
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iaatinct = sslosknea ie1asiig e1eiseds aQd IA
ltimea Ike 10 peocnnef III innAe ~ heeoDe pee-
itercatnrnlly wakefnl ~ ac4ise. IL Esesy amau \
II en ~ alart g ,soSs hinseeE liks rpaaDeRgerl
Il - go - GennAesinf so1sal, eeeAs eteuggled
- eaia ! 1oosinR in.Ahs EferboAl, yhieh g besl
can hold bss - ineonsiderahlos persiea ot As
II hnp)ea csow.s An1t ~, ayea ~ instances tot
III 4b~8& 0Mo408f0ts 0G8y0S #NG&8& N&AN -
II superior - esery aelenh cQMa13oFA4ioA. qAcfi-
j6c:ng ahsnsalvss uieheoss hasi1Asiea, that the
i safety = Neklbrs .niGh1 - soaneed. How such
leenAuce exaiAAs the. admfeaaioa Of the world,
\ And hov falolooe III senown which h sseuses
for th4 hesoi we. - efasi6ed to knowi that
| II thousnndo Of inseancse The spisit Of neradbn
ard Van Rensselaer,. svho vent doMn. With the
ill-faeed Central Ames;cn eAinea ous u IL land.
and irradAtes. Il sosna iustancee, even. The ten
| ples ef Mammoh. Let . be thsnkfsl thAt u no
other eood shOnld Posnlt from she Rnanoial pres
sure, ie fnsnishee eceasioa q least for bringing
to the liehs thaea Qualities Of nind and heart
which incsease oar faith il humanity.
But Ne fear that IL sine1ancee which call for
this shaakfalnesss sre, the. excepsion. not tie
rule. The faoa Il. nearly every man = in debt.
He who Il creditor ef Al. = debtor . B. and the
whole alphabet stands thus related. If A ID
| paid il furnishes tbe means vherewith to meet
his Indebtedness 60 B. while the latssrrpAys IL
again % g. Who In turn uaes IL 70 silence the
impostunitiss of d. vhO = hsrraaped ~ E. and
70 On down 70 z. This d The condi:ion Of every
c0mmunisy. and il The peosent state Of tho
finances of h eountry. Il oaIls loudly for mrs--
tual oonsideeotion and forbearence. 81 Al wo
have rspeatedly haA occasion 10 say. the coun--s
try u rich. album abba. under ordinary cir
cumstaaces. TO discharsa IL liabilities and hays
~ process. promptly ana enerRetically pursued,
become The order. ana where are wei How
long will IL fake rnder ~uch nolicy-to reduce
values te ! poiae that insurea general baak-
ruptcy? - a5ss
Consider that bus;peae haa h>en expanding
and valuea aasmentinO "a : .er;as az yesrs.
The inllax Of eold lFOm California made money
abundant and easy 20 eet. The constructions of
railroads has led 10 A unprecedented develop
ment or the couatry-to the oneninR of farms.
the building Of towns and cit;es. the multiplica-
ton Of shipping. and 10 such = degree Of CON- !
merrial activity 4 has never before been Wit
messed in our history q 1 nation. These things
have eliminated il an immense amount Of
Indebtedness, mot more, NOR even a much, 40
the country would be able TO pay had there been
no rupture in tinancial aff4irs but much more
than il can nav il coerciye measures are resorted
to at once and generally. Il would be folly 70
suppose that the immense enterprises OF the last
seven years. carried On under the stimulus Of
easy credits and rapidly approaching values,
can be suddenly wound up within . period Of
ninety days, or even six months. The attempt
to achieve this result By coercion could only
bankrupt the country BY the destruction Of val
ues-it would not and could mot extinguish the
indebtedness. And there j. this to be observed
that coercive measures would not alone ruin
chief recoil would come back upon those who
hold leading poaitions in the monetary world,
for the first effect would be to dry up the re-
sources which 1t present constitute their sole
security.
The policy Of forbearance, therefore, in the
present condition Of affairs, ls the only that
insures safety. OF course there should be .
wise discrimination observed in this matter.
Honest debtors will do al they can to meet
their obligations ct maturity, and this is al
that ought to be asked Of them. There 10
class who of course will shirk everything if
permitted by their creditors to do 30, and these
should be dealt with ~ their conduct deserves.
But these cases are exceptional, and should not
be suffered to prejudice the interests Of men
nerve 20 weather sne storm. lnn coIluiu.,y .a
80 glvsn some notaDls eaamples e 'ns Wsa ,ss@s
P.lslc1l,I ",IA: .l'.n sne 80 sy su.y II.
lnsn sosun'sly pay .som 'en = niMsa 4. N;
Cent y. eAcnAss ~ ~ 49, - - .s -. go
rs, ues .nss ~sle conslaCse. ~. .nsn .s ~ h;ahas,
a 80 sn.a ~ - =. ., ;.!. su.y So "a hanasshle
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