Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-09-03
DEMOCRATIC NOMINATIONS
soR GOVERNOR
BEN. NJ. Sam suels.
eOR LIElr GOVERNOR
George laillaSpy.
Infamous Journalism.

The Black Republican N. Y. Herald
and other blackmailing journals of
catern localities where the fever Of
Jealousy against Western prosperity,
has reached its acme, have pursued
course for several months, towards
Railroad stocks and securities that has
been e6ectual in Fastening a money
panic, and 20 far depreciating all rail
road securities, that of necessity, all
works Of internal improvement at the
West must cease for time, until the
usual confidence is restored. These
journals know that without railroads
the western States cannot develope
their exbaustless resourcee, and that
railroads only can be constructed, by
the sale Of bonds and stock to the
heavy capitalists Of the older States.
Jealous Of our astonishing prosperity,
and alarmed at the constant drain we
make upon the East, Of men and mon
ey, they have done all in their power
TO stop this draining and exhausting
flood, and the N. Y. Herald has at last
hit upon the most eticctual of all meth
dds Of doing IT. 1t knows our need Of
railroads, and il therefore strikes at all
railroads that through the general de-
probation, our resources for internal
improvements will be cut oil. II has
but too well succeeded. Over the entire
North general distrust of these securi-
ties has been created, and it becomes
impossible to dispose of stocks or bonds
but at ruinous discounts. ntil the
crisis is past, these wo.ks must stop.
But the West can afford to wait, and
consolidate its energies upon those
regions already penetrated by railroad
lines, for population is scattered over
wide fields, at announcement distances,
and farms will not generally be put to
grain raising unless markets are near,
or the facilities for transportation easy.
The hue and cry of these black mail
journals against "wild cat banks" will
prove ablessing rather than curse.
The country is flooded with irrcdcema-
bic rag money and too many Of the
Banking systems Of the Western States
are villainous bids for villainous swim
dies. Wisconsin money is in fact
worthless, so Of other Western States,
and especially Of Nebraska, and any
raid against such legalizcd swindling,
y perfectly justifable on the ground Of
self defense. They are undisguised
shaving machines. But we have word
to say against the infamy of that pros
tituted journalism, which will strike at
the great solid, indispensable w~-ks of
internal improvement, merely stop
emigration, and an outflow of capital.
The great metropolitan journals of New
York, have positions Of commanding
Influence in fixing the opinions and
changing the sentiments of large bodies
ofmsn, and they can either singly of
when united, destroy any industrial
interest ofa pecuniary character, that
depends upon the credit system, as all
great monied interests do. Il 10 there
fore base, cowardly and detestibly
infamous in such journals, to bring ruin
and destruction upon any branch Of
brsinsss, through selfish or corrupt
motives OF either = personal or local
character. live did not know that
there were other scoundrels in the
world besides James Gordon Bennett.
We should desire the event that would
rid the world Of this Unsuitable and
ruthless vampire. But he is type Of
c'aaA and they can only be restrained
nom evil by fear Of personal conse-
quences. His late raid upon railroad
securities, has impoverished thousands.
stopped the wheels Of improvement, |
and injured the West in vital part